GEA - Generic EA

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 3^rd trade, the 4^th

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