fluctuate

Related: gb p9 am - another powerful expert for MetaTrader 5 traders.

idea by:
code mq5 by:
the ea works on hedge accounts only!
swing-based expert advisor: the ea sets a pending sell stop or buy stop order with an increased lot and in the opposite direction.

Also recommended: exp color schaff momentum trend cycle - similar expert with strong performance on MetaTrader 5.

inputs:

stop loss,
in pips (1.00045-1.00055=1 pips)

take profit
, in pips (1.00045-1.00055=1 pips)

trailing stop
(min distance from price to stop loss), in pips

trailing step
, in pips (1.00045-1.00055=1 pips)

money management
: lot or risk (only for first positions) - lot calculation type for the first position: fixed lot or in risk % relative to the deposit

the value for "money management"
//--- trading logic

step
, in pips (1.00045-1.00055=1 pips) - pending stop order step

lot coefficient
(for a series of deals) - lot increase ratio for subsequent positions

multiply the volume of all positions
- enable/disable multiplying the overall volume of open positions by "lot coefficient"

maximum number of positions

maximum volume of all positions

profit target in money
("0.0" -> off)

minimum equity
(in percent of balance) -> pause in trade

close all positions at startup
//---

magic number
- unique ea's id

start hour

end hour

each time, the ea starts a trading cycle after falling within the allowed time interval between
start hour
and
end hour
provided that there are no pending orders and no positions opened by this ea. an open position is accompanied by a pending stop order. a position volume depends on the
money management
and
the value for "money management"
parameters, while the volume of a pending stop order depends on the
lot coefficient
and
multiply the volume of all positions
parameters.
position direction is determined according to the following rule:
close of bar #0 > close of bar #1 -> open buy; otherwise -> open sell
pending stop order type depends on an open position:
if buy, a sell stop is set; if sell, a buy stop is placed
a pending stop order is set at
step
from the current price.
trailing stop
and
trailing step
are enabled further on together with the profit tracking mechanisms (
profit target in money
and
minimum equity
).
when a pending order is triggered, a pending stop order with an increased lot is set again in the opposite direction.
it is recommended to run optimization on small timeframes. first of all, look for the
stop loss
,
take profit
and
step
parameters.

You may also like: vortex indicator system - excellent alternative for expert users on MetaTrader 5.

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• 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.