About the EA:
This EA is a hybrid utilizing several of the functions and tricks for tuning found in my other EAs. Here is a summary of the functions.
- Pending Long/Short orders are placed at the previous PSAR levels
- Allows up to 5 orders to be configured with the following parameters
- Lot size
- Take profit
- Stop loss
- Break even (when x profit achieved then move stop loss to break even)
- Trailing stop triggered (x pips positive triggers the trailing stop)
- Trailing stop amount (trail current order by x pips)
- Ability to make settings concrete or percentages based on stop loss
- If stop loss is set to 0 then EA calculates stop loss based on the bar that placed the pending order
- Trailing stop based on previous bar’s PSAR level
- Sends e-mail of current status and history
- Ability to set PSAR levels
- Chart display of profit/loss history
Special notes:
- Can be run in any time frame although Daily was used when writing and testing the EA
- It is extremely important that MT4 run all week with the charts open and EA attached. No EA can do its thing unless everything is running. That’s why you have an EA to trade for you.
- Currently supports all brokers
- To obtain a copy of this EA for Live/Demo use, please click here.
For the most up-to-date information about this Expert Advisor and others, please click here.
