Modification of EA3
Part 1: Specific
In the previous version of EA, only one parameter (X) was
used. In the modification it will be changed to 3 as follows:
“X “: distance of create
a pending order
“Y”: distance of
stop loss
“Z”: distance of modification
(trailing) of the pending orders
1-
Add ( Y ) as a Parameter to the input list for stop loss setting and Change the parameter of stop loss setting
in the old EA program to Y
2-
Add (Z) as a parameter to the input list for distance of
pending modification.
3-
Remove stop loss for the
last active position in previous EA (see attached diagrams).
4-
If trend changed to the opposite
then the TP of the last active position (that has no stop loss) will be set to
start price of position. (Take profit = price of position). (see the attached
diagram.)
Part 2: General
5-
Add “Pending Multiplier: 0.0” to the input list for multiply
(coefficient) the size of the pending orders.
6-
Add “Reverse Key: true/false “to input list. The true
reverse will make opposite pending order.
7-
Add “Use SL: true/false “to input list. False means: disable
stop loss for all active positions.
8-
Add “Enable Target Dollars: true/false” and “Target $ size: 00.0”. It is calculating all related positions if the sum is equal to the target $ size then close all.
9- Add ”Trailing start:00.0
,trailing step:00.0 and Trailing stop:00.0 “ to input list . the value =
0 means no trailing
10- Add " Take Profit : 00.0 "
Part 3: Info and report
11-
Add “Stop level: 00.0” to the account info text list. The
stop level value is in the contract specification of each currency.
12-
Send notification for the
important items ,as follows:
- When EA create a new pending
- When a pending order is activated
- When the trend direction is changed
- When and Why a position is closed
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