FX87 code EA
Logic:
Scalping:
- The EA opens and manages multiple short-term trades with the intent of capturing small price movements.
- Uses tight stop loss (SL) and take profit (TP) levels to manage trades.
Trend-Following:
- Identifies trading opportunities based on pin bar formations and candlestick patterns like Bullish Engulfing, Bearish Harami, etc.
- Analyzes higher timeframes (H4) to determine the direction and uses this information for trade execution.
Trailing Stop:
- Adjusts the stop loss as the price moves in favor of the trade to lock in profits.
- Utilizes a dynamic trailing stop system with customizable parameters like Trailing Stop, Trailing Step, and Trail Start.
Order Management:
- Limits the number of open trades based on a predefined maximum (MaxTrades).
- Checks and adjusts lot size dynamically based on account balance and risk percentage.
- Closes opposite positions when a new trade is opened, ensuring that only one type of trade (buy or sell) is active.
