AsiaScalper PRO EA
Logic:
- Scalping:
- Primarily focuses on small, quick trades during the Asian session with tight take profit and stop loss levels.
- Uses specific market conditions and indicators to determine entry and exit points for trades.
- Implements a trailing stop feature to protect profits once the trade moves favorably.
- Equity Protection:
- Monitors account equity and closes all positions if a significant drawdown is detected, ensuring protection against large losses.
- Allows configuration of a risk percentage for safe equity management.
- Order Management:
- Dynamically calculates lot sizes based on specified risk and account equity.
- Manages multiple orders with a specified maximum number of concurrent trades.
- Ensures that positions are not opened or closed if market conditions do not meet predefined criteria.
- Trade Execution:
- Uses moving averages and price comparisons to decide on trade entries.
- Opens pending orders based on price movements and specified thresholds.
- Checks for new candles to update trading decisions and manage open orders accordingly.
- Trailing Stop:
- Adjusts stop loss levels dynamically to lock in profits as the trade progresses, with specific parameters for trailing stop start and stop levels.
Detailed EA Explanation
- Initialization and Deinitialization:
- Sets initial values for pip calculation and risk parameters.
- Initializes global variables used throughout the EA for tracking trades and conditions.
- OnTick Function:
- Main function where all trading decisions and order management occur.
- Checks if it’s time to perform actions like trailing stops, closing positions, or opening new trades.
- Uses internal functions to calculate profits, check equity, count trades, and handle order modifications.
- TrailingAlls Function:
- Manages the trailing stop logic, ensuring stop loss levels are adjusted based on current market prices and predefined trailing parameters.
- AccountEquityHigh Function:
- Keeps track of the highest equity value to determine if significant drawdown occurs, which triggers equity protection mechanisms.
- FindLastBuyPrice and FindLastSellPrice Functions:
- Determine the most recent buy or sell order prices to use in further calculations and decisions.
- fGetLots Function:
- Calculates the lot size for new trades based on the specified risk and account equity.
- Adjusts lot sizes dynamically to maintain proper risk management.
- CountTrades and CloseThisSymbolAll Functions:
- Count the number of active trades for the current symbol and magic number.
- Close all trades for the current symbol to manage risk or meet specific conditions.
- OpenPendingOrder Function:
- Manages the opening of pending orders based on predefined conditions and parameters, ensuring proper trade execution with error handling.
This EA integrates advanced scalping strategies with robust risk management and dynamic lot sizing to optimize trading performance while protecting account equity.
