Robot ADX 2MA EA
Logic:
- Trend-Following:
- The EA uses two Exponential Moving Averages (EMAs) with periods 5 and 12 to determine the trade direction.
- If the shorter EMA (5) is below the longer EMA (12), and other conditions such as the difference between the EMAs and the Average Directional Index (ADX) values are met, the EA places a buy order.
- Conversely, if the shorter EMA is above the longer EMA, and similar conditions are met, the EA places a sell order.
- Level Trading:
- The EA sets take profit and stop loss levels based on the predefined points.
- The positions are opened when specific conditions related to price movements and indicator values are fulfilled, aiming to capture significant price movements.
- Order Management:
- The EA includes logic to retry order placements if the initial attempt fails due to various errors (e.g., busy server, price change, etc.).
- The number of retries and the behavior after encountering errors are managed to ensure trades are executed effectively.
- It also checks for existing positions to prevent duplicate orders.
