Opposite SL EA
- Experten
- Smaylle Rafael Coelho Mariano
- Version: 1.0
This MT4 EA is designed to trade based on market trends, candlestick patterns, and Bollinger Bands (BB), incorporating stop-loss (SL) and take-profit (TP) for each position and a mechanism to open trades in the opposite direction when trends reverse.
It uses indicators like Moving Averages (MAs) to identify market trends.
It identifies specific candlestick patterns that indicate potential trade entries.
It uses Bollinger Bands to determine overbought or oversold conditions, enhancing entry signals.
It opens trades based on trend, candlestick patterns, and BB signals, setting SL and TP levels for each position.
When the trend reverses, it closes current trades and opens new trades in the opposite direction with corresponding SL and TP levels.
This EA aims to capitalize on market trends and reversals by combining multiple technical analysis tools, ensuring robust trade management and potential profitability.