The Expert Advisor trades according to Pin Bar pattern on H4-D1 charts. The EA has two different trailing stops â€œ by points and extremums, as well as two stop loss types â€œ fixed and dynamic. Dynamic stop loss is placed at the candle’s High or Low depending on the pattern direction.
Trailing stop: first, trailing operates by points up to the TrailingStop distance specified in points. After passing the distance, trailing by previous Hi-Lows of bars is enabled. Trailing by the previous bars’ Hi-Low searches for extreme values on a specified period and number of bars. Stop loss is placed on an extremum plus/minus n points (depending on the direction) set in the EA parameters.
Recommended currency pairs for the EA operation: EURUSD, USDJPY, GBPUSD, USDCHF, EURJPY, USDCAD, AUDUSD. VPS server is required.
The EA monitoring: https://www.mql5.com/en/signals/author/moneystrategy
Com â€œ a comment to trades;
BalanceRisk â€œ calculation of trading lot from the balance/free margin;
Lots â€œ fixed lot if BalanceRisk = 0;
TakeProfit â€œ take profit level in points;
StopLoss â€œ stop loss level in points if DynamicSLPinBar = false;
MaxOpenTrades â€œ maximum number of open trades at a time;
SpreadControl â€œ maximum spread;
Magic â€œ magic number;
ShowInfo â€œ show/hide info;
TextColor â€œ displayed data color.
AntiRequotes Function Settings
MaxAttempts â€œ maximum number of attempts to open an order;
DelaySeconds â€œ pause between attempts in seconds;
Slippage â€œ maximum price slippage.
Breakeven Function Settings
Breakeven â€œ enable/disable the function for moving trades to breakeven;
StartBreakeven â€œ number of points profitably passed by the price to move positions to breakeven the first time;
StepBreakeven â€œ distance in points to place the breakeven level the first time.
Trailing Stop Settings by Points
Trailing â€œ enable/disable trailing stop function by points;
TrailingStart â€œ minimum number of points passed from the order open price for the trailing;
TrailingStop â€œ number of points to start trailing stop;
TrailingStep â€œ trailing stop step.
Trailing Stop Settings by Extremums
Depending on the parameters, the EA searches for High/Low price for n bars to place a stop loss (trailing).
TrailingHiLow â€œ enable/disable trailing stop function by extremums;
TimeFrame â€œ period to search for high/low price;
BarCount â€œ number of bars to search for extremums;
IndentHiLow â€œ distance from High/Low price in points for placing a stop loss.
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