555 Scalper EA
Logic:
- Scalping:
- Uses multiple indicators, including Moving Averages (MA), MACD, Bollinger Bands, and Stochastic, to determine trade entries.
- Buys when the opening price is above the low EMA.
- Sells when the opening price is below the high EMA.
- Order Management:
- Limits the number of open orders based on the MagicNumber.
- Uses Trailing Stop to adjust stop loss and secure profits as the price moves favorably.
- Moves stop loss to break even after reaching a certain profit level.
- Risk Management:
- Adjusts lot size based on account balance and predefined risk parameters.
- Uses a static lot size for each trade.
- Closes positions based on ATR and MACD conditions.
Description:
This EA is primarily a scalping system that uses multiple technical indicators to determine trade entries and exits. It dynamically manages trades with trailing stops and break-even adjustments, and adjusts trade sizes based on account balance and risk parameters.
