Iron Scalper EA
Logic:
- Scalping:
- This EA is designed for scalping, taking advantage of small price movements within specified time ranges.
- Uses price action (iOpen and iClose) to determine the direction for entering trades (buy/sell).
- Order Management:
- Opens orders based on specific criteria and checks for conditions such as spread and account balance.
- Implements dynamic lot sizing based on account balance and risk percentage.
- Closes positions automatically if the profit or loss exceeds predefined levels.
- Trailing Stop:
- The EA uses a trailing stop mechanism to secure profits as the price moves favorably.
- Profit Protection:
- Monitors and closes trades if the account profit or loss surpasses certain thresholds, ensuring the safety of the trading account.
