Pegasus EA
Logic:
- Trend-Following:
- The EA uses Simple Moving Average (SMA) and Linear Weighted Moving Average (LWMA) to determine the trend direction. A buy trade is executed when the SMA is below the LWMA and the standard deviation exceeds a specific threshold, indicating a potential upward trend. Conversely, a sell trade is executed when the SMA is above the LWMA, combined with a higher standard deviation, suggesting a potential downward trend.
- Order Management:
- The EA checks for sufficient free margin before opening trades. It opens a buy or sell position based on the trend analysis and manages these trades with a predefined stop loss and take profit.
- If a trade is already open, the EA will close it if the trend changes, thereby reversing the trade direction.
- Trailing Stop:
- The EA includes a trailing stop mechanism to secure profits as the price moves favorably. The stop loss is dynamically adjusted to follow the price, reducing the risk of losing profits once the trade is in a profitable position.
