SMC Manual EA limit
Logic:
- Level Trading:
- The EA uses predefined trendlines (BuyStop, SellStop, BuyLimit, SellLimit) for entering trades based on stop and limit orders.
- Trendlines are drawn dynamically based on recent high and low prices, and can be extended based on user settings.
- Order Management:
- Orders are placed only if the conditions meet the trendline criteria.
- Option to limit the EA to one trade per day is available.
- Stop and Take Profit Management:
- Monitors open trades and manages stop loss and take profit levels based on trendlines.
- Trades are closed if the price hits the stop loss or take profit levels defined by the trendlines.
- Trailing Stop:
- Adjusts the stop loss of an open trade to lock in profits as the trade moves in the favorable direction when trailing stop is enabled.
- Profit Protection:
- Ensures trades are managed and closed to secure profits and limit losses.
