10 PIPS ONCE A DAY EA
Logic:
- Trend-Following:
- Trades once per day at a specified hour.
- Buys if the price is trending up over the last specified hours, sells if trending down.
- Order Management:
- Limits the number of open orders based on MAXORDERS.
- Uses multipliers to adjust lot sizes based on the results of previous trades (grid strategy).
- Trailing Stop:
- Adjusts stop loss to secure profits when the price moves favorably.
- Time-Based Trading:
- Opens trades only during specified trading hours.
- Closes trades if they exceed a maximum age.
- Risk Management:
- Adjusts lot size based on account balance and predefined risk parameters.
- Closes all positions if trading is not allowed during certain hours.
Description:
This EA is primarily a trend-following system that trades once a day at a specified hour, uses a grid strategy to adjust lot sizes based on previous trades, and manages trades with trailing stops. It dynamically adjusts trade sizes based on account balance and risk parameters.
