Logic:
- Scalping:
- Places pending buy and sell stop orders based on daily high and low prices.
- Buys if the ask price is below the midpoint of the previous day’s range and the high of the current day is higher than the previous day’s high.
- Sells if the bid price is above the midpoint of the previous day’s range and the low of the current day is lower than the previous day’s low.
- Order Management:
- Limits the number of open orders based on the MagicNumber.
- Deletes pending orders if the day changes.
- Risk Management:
- Uses a static lot size for each trade.
- Ensures no orders are duplicated on the same bar.
Description:
This EA is primarily a scalping system that places pending buy and sell stop orders based on daily high and low prices. It dynamically manages orders by deleting pending orders if the day changes and prevents duplicate orders on the same bar.
