WayGow EDU EA
Logic:
- MA-Based Trade Entry:
- The EA uses two Moving Averages (MAs) calculated with different periods and methods to determine the market direction. Trades are placed based on the relationship between the Bid price and the Moving Averages.
- If the Bid price is above the higher MA, a buy order is considered. If it is below the lower MA, a sell order is considered.
- Order Management:
- The EA dynamically adjusts stop loss levels for open orders based on the market conditions and moving averages.
- The EA limits the maximum number of active orders and considers the spread and commission when placing new orders.
- Risk Management:
- The EA includes both a fixed lot size option and a money management (MM) system that calculates lot sizes based on account balance, leverage, and risk percentage.
- The EA avoids opening new trades if the current spread exceeds a predefined threshold.
- Time Filtering:
- The EA operates within a user-defined time window, limiting its trading activity to specific hours of the day.
- This ensures that the EA trades only during the most active market periods or when the user prefers.
- Trailing Stop and Modifications:
- The EA modifies the stop loss of open trades to lock in profits or reduce risk as the market moves in the trade’s favor.
- It also uses trailing stop techniques to adjust the stop loss dynamically based on price movements.
