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ATHENA 2020
| EA NAME | ATHENA 2020 | Name to show on platform |
| ATHENA2020 | ACTIVE/RESET | As per the on screen button is this EA active on not. |
| GENERAL SETTINGS |
| |
| Max Slippage *0 Disabled | 0 |
|
| Magic Number | 1234 |
|
| GRID SETINGS |
| |
| Sweet spot main level | 10 | As per setting on Sweet spot level |
| Main level colour and type |
| Option to choose colour and type of line |
| Sweet spot Sub level | 5 | As per setting on Sweet spot level |
| Sub level colour and type |
| Option to choose colour and type of line |
| START STOP TIME |
| |
| Trading time start | 09:01 | This is the time to activate the EA |
| Trading time end | 19:00 | This is the time to stop trading any open trade is closed with profit or loss an no new trades entered |
| TRADE |
| |
| LOT | 0.1 | This is the lot size to place |
| Stop loss | 10 | This is the distance to the stop loss in pips |
| Take profit | 10 | This is the distance to the take profit in pips |
| Breakeven stop/0 disabled | 7 | Pips in profit for Breakeven stop to activate set at 0 it is disabled. |
| Breakeven stop pips | 1 | Pips stop is placed in profit |
| PROFIT/LOSS |
| |
| Equity profit | € 1 000.00 | When the account equity reach this amount the EA stop all trading and close all orders |
| Equity loss | € 900.00 | When the account equity reach this amount the EA stop all trading and close all orders |
The EA “ATHENA 2020” WILL FUNCTION AS FOLLOW.
1. A grid as per the sweet spot settings will be placed on the chart.
2. At the set time (Trading time start) the EA will start to monitor price.
3. As price (BID PRICE) reach any Sweet spot level the EA will place a Buy stop order at the Sweet spot level above the current price with a Take profit and Stop loss as per the settings and a Sell Stop at the Sweet spot level below the current price with Stop loss And Take profit as per the settings. AS PER “A” ON THE SCREEN SHOT “1”.
4. When the Buy stop or the Sell stop is activated as per “B” due to price reaching that level the opposing order is cancelled.
5. A per the example in Screen shot 1 we now have a Sell with a Take profit of 10 pips and a Stop loss of 10 pips as per the settings.
6. At “C” 10 pips is reached and that Sell is closed for a Profit of 10 pips.
7. As the price reach Level at “C” and the take profit is taken the EA will immediately place a buy stop at level “D” and a Sell stop at level “E” as per Screen shot 1
8. As the Sell stop at level F is reached the Buy stop at level “D” is cancel and now we have only a Sell with a Stop less of 10 Pips and a Take profit of 10 Pips.
9. At level “F” the take profit is reached and the order is closed for a profit of 10 pips.
10 As the Sell is closed at the Take profit “F” the EA place a Buy stop at level “G” and a Sell stop at level “H” again
11 As level “G” is reached the Buy stop is opened and the Sell order at “H” is cancelled now we have a Buy open with a 10 pip Take profit and a 10 pips Stop loss.
12 As the Stop loss is taken at level “I” the EA place a Buy stop at level “J” and a Sell stop at level “K”
13 As the Buy stop at Level ”J” is opened the Sell stop at “K” is cancelled and now we have a Buy with a 10 pips Stop loss and a 10 pip Take profit.
14 At “k” the take profit is reached and the order is closed and the next pending order is placed at the levels below and above “k”.
15 The EA continue to open the orders in this way until either the Equity in profit or loss as per the settings is reached or the Trading stop time as per the settings is reached
16. As trading is stopped as per 15 there must be a Button on screen to reset for the EA to start trading again as per settings.
17. The same lots size will be traded until it is changed at the settings and the EA is reset no adding of lots.
18. If the Breakeven stop loss function is active the EA will place Pending orders Buy stop and Sell stop above and below Level where the breakeven stop was triggered the pending order is always either on a Main level or on a Sub level there will never be a Buy on a main and a sell on a sub level as per screen shot 2.
