Upon
EA starting, a series of Initial Trades are launched with a certain pips
gap between them. Each of these trades is described by a TradeType section
which details the trade parameters. Among these parameters are Stop Loss, Take
Profit, measured in pips, and Order, which may be Buy or Sell and more (the
full list of the trade parameters appears in the next paragraph).
After
the first trades were closed due to a Take Profit or Stop Loss, a new trade is
opened with the same order type (Buy or Sell). These new trades are derived
from the Initial Trade and are adjusted with scalability factors that will be
described in the next paragraph.
This behavior applies to the new trade also.
After closed due to SL or TP a new trade is immediately opened with the same
parameters and scalability factors.
The
same applies to the 3rd trade, the 4th
A
series of trades that were “born” from a certain Initial Trade is called a Process.
A process is finished in one of the following 2 instances:
1. The accumulated
profit/losse of this process (starting the Initial Trade and on), including the
floating profits/losses of the trades that are still open, reaches a ProcessTP
or ProcessSL. In this case the current trade that belongs to this process is
terminated immediately.
2. The accumulated
profit/losse of all processes that are currently active (including floating
profits/losses), reaches a GlobalTP or GlobalSL. In this case all trades in the
EA are terminated immediately.
This is a general, but derailed overview of the GEA. More details appears in the spec paper to be delivered
to the qualified candidates.
Thanks in advance
Menarcom
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