EA FMD v1.1
Logic:
- Level Trading:
- The EA uses custom indicators such as “FDM Buy Sell Pressure,” “FDM Multi-Trend,” and “FDM Support and Resistance” to identify critical support and resistance levels.
- It executes trades when price actions interact with these levels, confirming with multiple indicators to validate the trade direction.
- Scalping:
- The EA is designed to operate within short time frames, particularly between the specified hours of 8:00 and 19:00.
- It capitalizes on small price movements by placing quick trades with small stop losses and taking profits or utilizing dynamic support and resistance levels for setting targets.
- Order Management:
- The EA includes features for hidden stop loss and take profit levels, ensuring that these levels are not visible to the broker.
- It also uses a dynamic lot sizing feature based on account equity and risk parameters.
- The EA incorporates a mechanism to close positions based on specific rules derived from the custom indicators, offering flexibility in handling trades under different market conditions.
- Risk Management:
- Stop loss and take profit levels are dynamically adjusted according to the proximity of support and resistance levels.
- The EA ensures that the position size is optimized based on the risk settings and available margin.
- Trade Execution:
- Uses a fixed set of rules based on signals from multiple custom indicators to open and close trades.
- The EA verifies trade conditions every tick and uses advanced filters to manage the timing and execution of trades.
