Tipu EA: Educational Trading Robot

Related: tipu ma c d ea - another powerful expert for MetaTrader 4 traders.

This is a simple Expert Advisor (EA) based on indicators found in the market.
This EA is for educational purposes only and does not guarantee any profit.

Also recommended: parabolic sar expert advisor - similar expert with strong performance on MetaTrader 4.

EA Rules

Step 1: Define Trade Entry
The EA defines trade entry based on Tipu Trend M15 signals, confirmed by the H1 trend and filtered by user-defined risk tolerance.
For example, if the H1 trend is upward, the EA will look for buy signals on the M15 timeframe.
If a buy signal is found, it will compare the calculated stop loss (using Tipu Stops = Swing Low) with the risk tolerance set in "SL Risk per Trade Pips".
If all conditions are met, it proceeds to the next step.

Step 2: Open Trade
The EA opens only one trade per signal.
The default lot size is 0.01.

Step 3: Manage Trade
There are three methods for trade management:

Use SL/TP: These settings are defined in pips and can be enabled or disabled.

Use Risk-Free Trade: This is a pyramiding feature that adds to the current position and simultaneously moves the stop loss to break-even.
For example, a 0.01 buy position might have an additional 0.01 lot buy order opened (up to a maximum of 0.03 lots) after a 10 pip profit.
Simultaneously, the stop loss is adjusted to 10 pips, making this additional trade risk-free.
If both orders move against the trader, they will both be closed with no net gain or loss.

Use Trailing Stop: The trailing stop functionality is implemented in steps.
For instance, a buy trade in profit can have its stop loss adjusted in increments (e.g., 10, 20, 30 pips).
A safe cushion (defined by "Trail Cushion Between Current Price and SL") is maintained between the current stop loss and the current market price.
These settings can be enabled or disabled.

Parameters

Hedge: Set to true to open simultaneous buy and sell orders based on the rules.
This requires your broker to enable hedging and for "Close Trade on Reverse Signal" to be disabled.

Close Trade on Reverse Signal: Set to true to close existing orders when a reverse signal is generated.

TP: Enable or disable Take Profit settings.

TP Pips: Set the Take Profit distance in pips.

SL Risk per Trade Pips: This setting cannot be disabled.
It checks risk pips against Tipu Stops and serves as an additional trade filter.

Lots per Order: The default lot size for each order is 0.01.

Add Risk-Free Trade: Configure risk-free trade settings, including pip increments, lot increments, and maximum lot size.

Trail SL: Enable or disable trailing stop settings.

Trail Profit Pips: This defines the trailing stop step increment. The default is 10 pips.
The EA will trail the stop loss in increments of 10, 20, 30 pips, and so on.

Trail Cushion Between Current Price and SL: This setting maintains a safe distance between the trailing stop and the current price to prevent premature trade closure.

Magic Number: Used for EA management.

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#property copyright "robotfx"
#property link "https://robotfx.org"
#property version   "1.00"
#property strict
#import "stdlib.ex4"
string errordescription(int e);
#import
#define pipspoint get_pipspoint()
#define pipsvalue get_pipsvalue()
struct strc_tipu

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.