EA Hokkydjong
Logic:
- Scalping:
- The EA is designed to operate within specified trading hours (0 to 24) and focuses on capturing small price movements.
- It uses a price action scalping strategy, executing rapid trades based on short-term price fluctuations.
- Martingale:
- The EA employs a Martingale strategy, increasing the lot size after each loss using a multiplier.
- The multiplier can be adjusted via the Multiplier parameter, and the EA can operate in multiple loops as defined by the Loop parameter.
- Multi-Currency:
- Capable of trading multiple currency pairs simultaneously, the EA monitors each pair individually.
- It uses a magic number to distinguish between different currency pairs and trading strategies.
- Order Management:
- The EA uses dynamic lot sizing depending on whether the DbLots parameter is set to use a multiplier or fixed lot size.
- It tracks and manages multiple open positions, adjusting take profit and stop loss levels based on current market conditions.
- Risk Management:
- The EA limits the number of levels in the Martingale sequence to prevent excessive risk, with a maximum level set by MaxLevel.
- It ensures that trading ceases once the maximum loop count or a specified condition is met.
- Trade Execution:
- The EA decides whether to open a BUY or SELL position based on the price action indicators and the defined scalping logic.
- It continuously monitors open trades, adjusting take profit and stop loss levels dynamically.
