Type of EA: Grid, Scalping
Falcon Zone MTF EA
Logic:
- Grid:
- This EA implements a grid trading strategy (grid trading), where it opens buy and sell orders based on price movement and predetermined point distance.
o It uses a fixed number of initial lots and doubles the lots on subsequent positions within the grid.
- This EA implements a grid trading strategy (grid trading), where it opens buy and sell orders based on price movement and predetermined point distance.
- Order Management:
- Uses a Magic Number to identify and manage the orders created by this EA.
o Closes the entire grid of orders once a minimum profit level in pips is reached.
- Uses a Magic Number to identify and manage the orders created by this EA.
- Scalping:
- Takes advantage of small price movements within the market to open and close orders quickly.
