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- The Expert Advisor starts trading with the opening of two multidirectional orders. After closing a profitable order, the Expert Advisor opens two orders again, multiplying the volume for the open direction. If there are open orders, the Expert Advisor changes the TakeProfit in points.TakeProfit is dynamic and is adjusted depending on the number of open orders in the opposite direction.
- Additionally, the opening of order grids also has a dynamic step that changes depending on the number of open orders in the current direction.
MAIN SETTINGS-A section containing the main settings of the Expert Advisor strategy. Contains variables that determine when the recovery will begin and which orders will be processed.
- Size of the first order-A variable that determines the size of the first order.
- Orders Magic number – The main identifier of the Expert Advisor’s orders. It is used primarily for identifying orders.
- Comments of the EA’s orders-Comments on orders opened by the Expert Advisor.
- Allow to open OP_BUY orders-A variable that allows you to select whether to enable or disable the ability of the Expert Advisor to open BUY orders.
- Allow to open OP_SELL orders-A variable that allows you to select whether to enable or disable the ability of the Expert Advisor to open SELL orders.
- Allow to open new orders after close – The ability to allow opening orders after closing the previous ones. At the end of trading, you can disable this function and then the Expert Advisor will not be able to open new orders after closing the previous ones.
- Show panel of advisor-The ability to display or hide the Adviser panel.
PROTECTION SETTINGS-A section containing various security functions.
- Maximum slippage in points – The maximum allowable slippage in points for opening and closing orders.
- Maximum spread in points – The maximum allowed spread for opening orders. Measured in points.
- Maximum size of orders – The maximum volume for one order. It is measured in lots.
- Maximum size number of orders – The maximum allowed number of orders of the same type.
GRIDS SETTINGS-A section containing the grid settings of the Expert Advisor.
- Multiplier for size of orders – Multiplier for orders. Each subsequent order opened by the Expert Advisor in the order grid will be larger than the previous one by this coefficient.
- Step for grids-A variable that regulates the step between orders, measured in points.
TAKE PROFIT SETTINGS-The section containing the TekeProfit settings.
- Size of Virtual TakeProfit (in Points) – The size of the deposit in points. It is calculated for the current group of orders from the breakeven price.
- Increase TPForEachOrder – The coefficient of increasing the take profit for each subsequent order in the opposite direction. Increase TPForEachOrder-the variable regulates the TP by the number of orders in the other direction. Since subsequent orders are opened at the closing moments, dynamic TP is an important element of money management. The TP of a group of orders is equal to the TP in points the number of orders in the opposite direction * An increase in the TP for each order (Increase TPForEachOrder). For example, the TP is 100, and the increase for each order is 10. For the first purchase order, the TP will be 100, for the second 110, for the 3rd 120, and so on as the basket of OP_SELL orders increases.
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