Ichi Scalper AllPairs v52 EA
Logic:
- Scalping:
- The EA is designed to operate primarily in sideways markets, taking advantage of small price movements over short timeframes.
- Utilizes Ichimoku indicators and custom indicators (such as the “snowball indicator”) to determine entry and exit points.
- Order Management:
- Implements a grid trading system where multiple orders are opened based on predefined price levels.
- The EA includes options for managing risk through equity protection (UseMaxCapitalStop) and trade duration (UseTimeOut).
- Trailing Stop:
- The EA has a trailing stop feature, which adjusts stop loss levels based on the Ichimoku signals and ATR (Average True Range) indicators.
- Dynamic Lot Sizing:
- Lot sizes are adjusted dynamically based on account balance, risk settings, and a growth factor. This ensures that the lot size scales with the account size.
- Multi-Currency Support:
- While designed for AUDUSD, the EA can manage trades on multiple currency pairs simultaneously, allowing for a diversified trading approach.
