Day Open EA
Logic:
Order Management:
- The EA checks if a new daily bar (D1) has formed. If a new bar is detected, it initiates trades.
- It opens both a buy order and a sell order simultaneously at the beginning of each day.
- The lot size for these trades is fixed and defined by the parameter LOT.
- Each order is assigned a specific Magic Number (0123456) for identification.
Trade Execution:
- Buy Order:
- The EA opens a buy order at the Ask price.
- The buy order is closed when the Bid price reaches the opening price plus the target profit defined by the parameter Profit in points.
- Sell Order:
- The EA opens a sell order at the Bid price.
- The sell order is closed when the Ask price reaches the opening price minus the target profit defined by the parameter Profit in points.
Profit Management:
- The EA aims to secure a profit target of Profit points for each trade.
- Trades are closed as soon as the profit target is reached to secure gains quickly.
Trade Monitoring:
- The EA continuously monitors open orders to check if they have reached the profit target.
- If the profit target is met, the respective order is closed to secure the profit.
