XP Layering and set BE tool for MT5

just enter the trade and let the EA do the work .

- you may want to enter trade with 2 or 3 or any amount of targets

you have to enter with one position for every target TP

you set this amount of target in the EA setting and once 1st TP hit the EA will set BE for remaining positions

- you may want to distribute your trading volume instead of enter the trade with your full volume

you can set the EA to open new layers for your every amount of ticks goes against your trade

- also regarding recently added features , the tool can set the TP as entry price when the price goes against our trade with amount of ticks , also can be set to open new layers with the new price level because when price reach the 1st position price will hit TP on entry price with zero profit but with the 2nd layer will be in profit and will hit TP with profit and so on .

the EA show you all information you may need about your trading account and current open trades what ever how much them ,

WE ARE DEALING WITH TICKS NOT PIPS ! , BECAUSE THE NUMBER OF DECIMAL DIGITS IS DIFFENT BETWEEN BROKERS , SO CONFIGURE THE SETTINGS FOR EVERY SYMBOL AS THE AMOUNT OF TICKS YOU WANT BASED ON YOUR BROKER DIGITS

SOME BROKERS FOR EXAMPLE SHOWING GOLD PRICES LIKE 2150.65 AND OTHER BROKERS SHOWING IT LIKE 2150.650

HERE , THE TICK IS THE SMALLEST NUMBER IN THE SYMBOL PRICE DECIMAL DIGITS !

INPUTS : 

(YourStrategyMainPositions)  the main setting

this setting used by you to inform the EA how much positions (we call it MAIN POSITIONS) you will open in the start of your trade with different TP but all this positions with the same SL for applied symbol pair , examples :

- if you set it to 0 , the EA will layering your losing positions ( also this will happen when you set to ZERO setting named MaxLayers )

- if you set it to 1 , the EA will layering your losing positions (losing amount you set in NewLayerWhenLossTicks) until layers count reach ( MaxLayers )

- if you set it greater than 1 , the EA will layering your losing positions (losing amount you set in NewLayerWhenLossTicks) until layers count reach ( MaxLayers )

and when the 1st TP hit , the EA will set the SL for the remaining MAIN POSITIONS , the SL will be set to price away from entry price with amount of ticks you set in ( BE_Grace_Ticks ) , if you set this to 0 , the EA will set SL exactly to the entry price .

( NewLayerWhenLossTicks )

As I said above the layering orders will be opened every time the latest layer loss this amount of ticks until reaching  MaxLayers

( InverseLayering )

this is newly added revolutionary feature on 2024-Apr-03 to make the layering when your main position in profit instead of loss , this idea to increase chances for bigger profit when hit TP , unlike layering when loss , will increase chance for bigger loss if hit SL .

( setBE_WhenProfitTicks )

- if you set this greater than 0 , the EA will set main positions SL to entry price , of course the price will be far away from entry price with amount of ticks you set in ( BE_Grace_Ticks )

regardless the 1st TP hit or not even if you set ( YourStrategyMainPositions ) to 0 , because you may want to use this EA just as an automatic set BE tool to secure positions from price reversal against your trade.

- if you set it to 0 , the SL will set to entry price for the remaining MAIN POSTIONS only when your 1st MAIN POSTION hit it's TP

( PositionsTypesToHandle )

select the type of orders you want EA to handle , you may apply the EA on two charts for same symbol to handle buys & sells with different settings

if you select ALL , the EA will handle the two types of positions (Buys & Sells) in the same chart with the same settings.

( LotMultiplier )

This to increase or decrease lot size if you want for every layer will be opened by multiply the latest order lot size !!!

- if set to 1.0 the new layer will be opened in the same size .

- if set higher than 1.0 will increase, lower than 1.0 will decrease the lot size , but if the decreasing will make the new layer lower than the Broker minimum lot size, the new layer will be opened with the Broker minimum lot allowed.

( MaxSpreadTicks )

The maximum spread allowed (in ticks) to open or close position to avoid high spreads like during news or low liquidity market.

( SlippageTicks )

The maximum slippage ticks you agree when open or close positions.

( SendPushNotification )

if you set to true , the EA will send push messages to MetaTrader with transactions done by EA. ( only if you enabled this setting in MetaTrader and added a working MetaQuotes ID  ) 

2024-04-23

added another hassle-free feature (AutoOpenRemainingMainPositions) to auto open the remaining main position for you to guarantee for you placing your orders light fast

if you set (YourStrategyMainPositions) = 2 , once you open 1st position and set SL & TP for it , the EA will open the second position for you and will use this setting (IncreaseTPforAutoMainPositions) to increase profit target if you set it more than ZERO

and this setting (OnlyPositionsNotPassedThisSeconds) to avoid auto opening/copying positions if the last position you opened has passed this amount of seconds .

2024-05-19

added new option ( SetSLforLayersAsPreviousPosition ) to set SL for layers when inverse layering to close layers when price go against it to avoid multiplying losses when price go against your trade . 

2024-11-02 (version 2.8)

Two upgrades combined this time

added new feature ( setTPAsEntry_WhenLossTicks ) this is good for scalping when price goes against your trade with this amount of ticks , the EA set the TP as entry to exit this trade ASAP

and you will benefit more when combine it with the second new feature ( DynamicTPforLayers ) to set the TP for newly opened layers with specific target of ticks

for example you set ( NewLayerWhenLossTicks ) = 3000 ticks and you set ( setTPAsEntry_WhenLossTicks ) = 3000 and set ( DynamicTPforLayers ) = 3000 , so the 1st position will close on entry and second position will be closed when reach profit of 3000 ticks.

Hope this EA help you and wishing you a successful trade :)