Job finished
Execution time 23 hours
CORE STRATEGY:
Entry:
Open pending orders at low and high of the candle after candle close.
Open buy stop order at candle high
And, sell stop order at candle low.
Once any of the pending orders are triggered, close the pending order at the opposite side of the candle and replace it with stop loss.
Exit:
Close trade at take profit or stop loss.
Input: select the number of pips the orders should be placed above and below the candle.
Input: Take Profit - RR, Percentage,
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Ranging Price Filter:
With this feature, the EA should NOT open new pending orders if the price action is ranging in candles.
Parameters for this feature:
IF the price of the current candle does not close beyond the range of the previous candle, THEN do not place new pending orders when the current candle closes.
Resume opening of pending orders IF the price of a new candle closes beyond the range of the previous candle.
Input: Ranging Price Filter - Enable, Disable
See more detail of how ranging price filter should work.
Risk Management:
Input: - Fixed Lot: Pending orders are open with fixed lot size
Input: - Lot Percent: Open pending orders with lot size of defined risk. So the distance between open pending orders or stop loss should not exceed the defined risk.
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