Universal EA
Logic:
- Grid Trading:
- The EA employs a grid strategy by opening multiple buy and sell orders based on predefined conditions, with each subsequent order spaced by a set number of pips (Step).
- It dynamically manages multiple open positions, adhering to a maximum order limit (MaxOrders).
- Trend-Following:
- The EA determines the trend direction by analyzing candlestick patterns and bar averages. It places buy orders if the opening price is greater than the closing price and the bar size exceeds the defined threshold (ExpBar).
- Similarly, sell orders are placed if the closing price is greater than the opening price under the same conditions.
- Order Management:
- The EA calculates lot sizes based on account balance and risk settings. The lot size is adjusted dynamically to maintain a consistent level of risk.
- It operates within a specific time frame (TimeStart to TimeEnd), ensuring trades are only executed during the defined trading hours.
- Profit Protection:
- The EA closes all open orders when the cumulative profit across all trades reaches a predefined pip value (ProfitPips), securing profits and reducing exposure to market reversals.
- Additional Features:
- The EA includes an on-screen display of relevant account and trading information, such as account balance, equity, and current profits.
- Custom buttons for manual trade execution are provided, allowing the user to manually open buy or sell orders directly from the chart.
