Robot Power M5 EA
Logic:
- Scalping:
- The EA uses a custom indicator “iTrend” combined with Bulls Power and Bears Power indicators to determine when to open buy or sell positions.
- A buy position is opened when the sum of Bulls Power and Bears Power is positive, and the iTrend conditions align for a bullish market.
- A sell position is opened when the sum of Bulls Power and Bears Power is negative, and the iTrend conditions align for a bearish market.
- Trailing Stop:
- The EA adjusts the stop loss level to protect profits as the trade moves in a favorable direction.
- If the price moves favorably beyond a certain threshold (based on ATR), the stop loss is moved closer to the open price to lock in profits.
- Grid:
- The EA manages multiple trades by checking the total number of open trades and adjusting lot sizes based on account balance and risk parameters.
- It allows for multiple trades to be managed simultaneously, applying the strategy consistently across all open positions.
- Order Management:
- The EA includes logic to modify open orders based on price movements and the conditions met by the trailing stop strategy.
- It also employs a money management strategy that calculates lot sizes based on a percentage of the account balance or uses a fixed lot size.
