AF Investing.CV EA
Logic:
- Scalping Strategy:
- Executes quick, small trades aiming to scalp small profits from market movements.
- Uses Bollinger Bands and RSI for entry and exit signals.
- Auto-Lot Management:
- Adjusts lot sizes based on account balance with customizable minimum and maximum lot sizes.
- Option to use fixed lot sizes.
- Order Management:
- Places buy and sell stop orders based on Bollinger Bands and RSI levels.
- Adjusts stop loss levels dynamically and implements trailing stops for open orders.
- Risk Management:
- Implements maximum spread protection and adjustable stop loss and take profit levels.
- Uses a time filter to restrict trading to specified hours.
Detailed EA Explanation:
- Initialization and Deinitialization:
- Initializes key variables such as lot size, stop loss, maximum spread, and Bollinger Bands/RSI settings.
- Sets initial values for various trading parameters, including time filters and dynamic stop loss adjustments.
- Start Function:
- Continuously monitors market conditions and account balance.
- Evaluates entry and exit conditions based on Bollinger Bands and RSI signals.
- Executes trades with calculated lot sizes based on account balance.
- Order Placement:
- Places buy and sell stop orders at levels indicated by Bollinger Bands and RSI.
- Ensures that orders are placed within specified trading hours as per the time filter.
- Order Management:
- Adjusts stop loss and take profit levels based on market conditions.
- Implements trailing stop functionality to secure profits.
- Ensures maximum spread protection is in place before placing orders.
- Risk Management:
- Monitors spread and adjusts stop loss levels dynamically.
- Implements maximum spread protection to avoid trading in unfavorable conditions.
- Adjusts trading behavior based on predefined risk parameters.
- Trade Closure:
- Closes trades when exit conditions based on Bollinger Bands and RSI are met.
- Ensures trades are closed within specified trading hours.
- Implements dynamic adjustments to stop loss and take profit levels during trade lifespan.
This detailed EA setup aims to provide a robust framework for scalping with comprehensive risk management and dynamic order management, ensuring optimized trading performance.
