SMC Manual EA separation
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.
- Order Management:
- Trades are placed if the market price crosses the trendlines.
- The EA supports both stop and limit order entries.
- Trades are restricted to avoid more than one trade per day if specified.
- Trailing Stop:
- The EA includes a trailing stop feature to adjust the stop loss dynamically as the trade moves in a favorable direction.
- Dynamic Lot Sizing:
- Lot sizes are optimized based on account balance and risk settings.
- The EA can reduce the lot size dynamically based on the number of consecutive losses.
- Stop and Take Profit Management:
- Stop loss and take profit levels are managed by the EA according to the corresponding trendlines.
- Orders are closed automatically when these levels are hit.
