The Expert Advisor trades according to Pin Bar pattern on H4-D1 charts. The EA has two different trailing stops “ by points and extremums, as well as two stop loss types “ 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 “ a comment to trades;
BalanceRisk “ calculation of trading lot from the balance/free margin;
Lots “ fixed lot if BalanceRisk = 0;
TakeProfit “ take profit level in points;
StopLoss “ stop loss level in points if DynamicSLPinBar = false;
MaxOpenTrades “ maximum number of open trades at a time;
SpreadControl “ maximum spread;
Magic “ magic number;
ShowInfo “ show/hide info;
TextColor “ displayed data color.
AntiRequotes Function Settings
MaxAttempts “ maximum number of attempts to open an order;
DelaySeconds “ pause between attempts in seconds;
Slippage “ maximum price slippage.
Breakeven Function Settings
Breakeven “ enable/disable the function for moving trades to breakeven;
StartBreakeven “ number of points profitably passed by the price to move positions to breakeven the first time;
StepBreakeven “ distance in points to place the breakeven level the first time.
Trailing Stop Settings by Points
Trailing “ enable/disable trailing stop function by points;
TrailingStart “ minimum number of points passed from the order open price for the trailing;
TrailingStop “ number of points to start trailing stop;
TrailingStep “ 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 “ enable/disable trailing stop function by extremums;
TimeFrame “ period to search for high/low price;
BarCount “ number of bars to search for extremums;
IndentHiLow “ distance from High/Low price in points for placing a stop loss.
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