Trading Japanese candlesticks on 30-and 60-minute charts in the direction of the prevailing trend allows traders to determine the risk and profit-taking levels based on the specifics of the price model structure. This Expert Advisor implements one of the candlestick analysis models.
- Min_Bar3 — Minimum body of 3 bars, including zero.
- Open_Type — Where we trade: 0-only Buy, 1 – only Sell, 2-both ways.
- FixLot — Fixed lot.
- MarginLot – Calculation of the lot based on the specified collateral amount.
- MarginPercentLot-Lot calculation based on % of the deposit for the collateral amount.
- Risk-Lot calculation based on the stop loss and risk per trade in % of the deposit.
- SL_ — Stop loss in points.
- SL_Bar – Calculation of the stop loss on the tops of the bars (if SL_=0).
- SL_Max — The maximum allowed stop loss.
- TP_ — Take profit in points; 4 digits (2 digits).
- TP_Bar – Calculation of the take profit based on the peaks of a given number of bars (if TP_=0).
- TP_Max — The maximum allowable take profit.
- Profit_loss_min — The minimum allowed ratio of profit to loss.
- Profit_loss_max — The maximum allowed ratio of profit to loss.
- Tral_Start — The distance from which the trawl will start working.
- Tral_Distance — The distance of the trawl (if 0 the trawl is disabled).
- Hour_Start — The start time of the Expert Advisor.
- Hour_End — The end hour of the Expert Advisor.
- Settings for working by day of the week and month.
- AllTick-Operation in the “All ticks” mode (otherwise” Only opening prices ” of bars).