SMC Manual EA
Logic:
- Level Trading:
- The EA uses predefined trendlines (BuyStop, SellStop, BuyLimit, SellLimit) for entering trades.
- It manages both stop and limit orders based on trendline positions relative to the market price.
- Order Management:
- Calculates optimal lot size based on account free margin and predefined risk settings.
- Implements trailing stop functionality when enabled.
- Stop and Take Profit Management:
- Monitors open trades and adjusts stop loss and take profit levels based on trendlines.
- Closes trades when price reaches 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.
- Single Trade Per Day:
- Option to limit the EA to only one trade per day.
- Profit Protection:
- Closes trades when predefined profit levels are hit.
