Golden Owl EA
Logic:
- Grid Strategy:
- This EA initiates a cycle of buy or sell orders based on specific signals.
- It uses a grid system where orders are placed at predetermined intervals (steps) and the lot size can be adjusted using different methods like fixed lot, summation lot, Martingale, or step lot.
- The EA allows for manual or automatic grid initialization, enabling flexible control over order placement.
- Hedging:
- The EA includes a hedging mechanism that can be enabled after a specified number of loss orders, switching from one trading engine (e.g., Buy) to another (e.g., Sell) to balance the risk.
- The hedging strategy aims to offset potential losses by opening positions in the opposite direction.
- Martingale:
- The EA employs a Martingale strategy, increasing the lot size after each loss to recover previous losses and achieve a profit on the next successful trade.
- The lot size increment can be controlled by a factor, making the Martingale strategy adaptable to various risk appetites.
- Order Management:
- Includes features like Take Profit, Trailing Stop, and Break Even to manage open trades.
- Uses filters like time-based trading, spread control, and news avoidance to optimize trade entry conditions.
- Allows closing of all trades when a daily profit target is reached or if equity reaches a certain risk threshold.
