Dragon Pips v2.02 EA
Logic:
Trend-Following:
- Utilizes multiple indicators such as RSI, CCI, Momentum, and WPR to determine trade direction.
- Opens buy orders if conditions based on these indicators are met and opens sell orders under opposite conditions.
- Checks for high range to filter out non-tradeable market conditions.
Order Management:
- Limits the number of trades based on MaxTrades and MaxTrades_x_Bar.
- Trades are managed with different strategies (Use_Strategy1 to Use_Strategy4).
- Uses Magic Numbers for identifying and managing trades.
Trailing Stop:
- Implements trailing stops with multi-level protection based on time and pips moved.
- Moves the stop loss to secure profits as the price moves favorably.
Dynamic Lot Sizing and Martingale:
- Adjusts lot size based on account equity and predefined risk percentage.
- Uses an aggressive mode to increase lot sizes in case of favorable conditions.
Profit Protection:
- Closes all trades if the account equity reaches a predefined BalanceTarget.
- Implements a Close_AllTrades feature to close all trades at a specific time.
