10 PIPS EA
Logic:
- Trend-Following:
- Uses Moving Averages (MA) to determine trade direction.
- Buys if short-term MA > long-term MA, sells if short-term MA < long-term MA.
- Order Management:
- Limits trades based on account balance and free margin.
- Uses Bollinger Bands and MACD for additional trade confirmation.
- Trailing Stop:
- Adjusts stop loss to secure profits when the price moves favorably.
- Move to Break Even:
- Moves stop loss to break even after a certain profit level is reached.
- Scalping:
- Optimizes lot sizes based on account balance and risk.
- Focuses on short-term market movements for quick profits.
Description:
This EA is primarily a trend-following system that employs Moving Averages (MA) and Bollinger Bands to determine trade direction, manages trades with trailing stops, and dynamically adjusts trade sizes based on account balance and risk parameters. It also includes a scalping strategy for quick, short-term profits.
