Doske Scalping EA
Logic:
- Scalping Strategy:
- The EA is designed to open trades based on short-term market movements, taking advantage of small price changes.
- Uses multiple Moving Averages (MAs) and the QQE (Qualitative Quantitative Estimation) indicator to identify entry points for both buy and sell trades.
- The EA monitors a specific time range during the day (iOpenHour to iCloseHour) for trading.
- Order Management:
- Checks if existing orders match the current trading conditions before opening new positions to avoid multiple trades in the same direction within the same candle.
- The EA opens trades only if no existing trades meet the same criteria within the current candle.
- Trailing Stop:
- A trailing stop is used to secure profits as the price moves favorably. The stop loss is adjusted according to the specified TrailingStop parameter.
- Money Management:
- If MoneyManagement is enabled, the EA calculates the lot size dynamically based on account balance and the risk percentage specified by the user.
- Supports trading with minimum and maximum lot sizes, adjusting automatically based on the market conditions.
- Indicators Used:
- Moving Averages (3, 5, 7, 9, 11, 13 EMA, 55 EMA, and 275 SMA) are used to determine the direction of the trend.
- QQE5 and QQE60 indicators are used to confirm buy and sell signals.
