EA EURUSD M15
Logic:
- Trend-Following:
- The EA employs multiple indicators such as Moving Averages, Stochastic, and Envelopes to determine the market trend.
- It opens buy orders when conditions indicate an upward trend and sell orders when conditions indicate a downward trend.
- The EA uses ATR (Average True Range) to adjust its risk parameters dynamically based on market volatility.
- Level Trading:
- The EA utilizes various envelope-based and Bollinger Bands strategies to identify key support and resistance levels.
- It executes trades based on the price action around these levels, especially focusing on the interaction of the price with the upper and lower bands of these indicators.
- The EA also incorporates stochastic oscillator signals to confirm the trade direction when the price is near these levels.
- Order Management:
- Implements a money management strategy that adjusts the lot size based on account equity and specific risk parameters.
- The EA uses a combination of fixed lot sizing and percentage-based risk calculation.
- The EA allows for the closing of all orders under certain conditions, such as when the trend reverses or the strategy’s conditions are no longer met.
- Risk Management:
- The EA adjusts Stop Loss levels dynamically based on ATR and other price action signals.
- It also implements trailing stop mechanisms to protect profits as the market moves favorably.
- Trade Execution:
- Uses external DLLs to validate account and manage trade calls, adding an extra layer of customization and potentially more advanced trading logic.
