NASDAQ Robotron EA
Logic:
- Level Trading:
- The EA uses price action patterns like LHLL (Lower High, Lower Low) and HHHL (Higher High, Higher Low) to determine potential entry points.
- Entry conditions are based on a combination of ATR (Average True Range) values and specific price levels determined by the EA’s internal logic.
- Trailing Stop:
- The EA incorporates a trailing stop mechanism that adjusts the stop loss as the price moves in favor of the trade.
- The stop loss is modified based on specific ATR-based calculations and is dynamically adjusted according to price movements.
Order Management:
- The EA manages orders by checking existing positions and adjusting stop losses based on predefined risk levels.
- It uses specific logic to manage long and short positions separately, considering the ATR, spread, and price levels.
