EA FDM v2.0
Logic:
- Level Trading:
- The EA utilizes custom indicators such as “FDM Buy Sell Pressure,” “FDM Multi-Trend,” and “FDM Support and Resistance” to determine entry and exit points based on significant support and resistance levels.
- It opens trades when specific conditions defined by these indicators are met, aiming to trade at key levels.
- Scalping:
- Designed to operate within short time frames, the EA is particularly active between the specified hours of 8:00 and 19:00.
- It executes quick trades aiming to capture small price movements, with stop loss and take profit levels adjusted dynamically based on support and resistance.
- Multi-Currency:
- The EA can manage multiple currency pairs simultaneously, using correlation analysis to avoid overexposure to correlated pairs.
- It adjusts its strategy based on the correlation between different currency pairs, taking into account both direct and inverse correlations.
- Order Management:
- It includes options for hidden stop loss and take profit levels, ensuring that these levels are not visible to the broker.
- The EA uses dynamic lot sizing based on account equity and risk parameters, with a maximum lot size cap.
- Risk Management:
- Stop loss and take profit levels are dynamically adjusted according to proximity to support and resistance levels, and based on the ADR (Average Daily Range) indicator.
- The EA features rules for closing positions based on specific indicator conditions and market scenarios.
- Trade Execution:
- The EA continuously monitors market conditions and executes trades based on predefined rules from multiple custom indicators.
- It manages the timing and conditions for both opening and closing trades, ensuring that each decision is in line with the overall strategy.
