EA Basic Logic

The EA uses a very simple Buy Stop + Sell Stop strategy.

1. Pending Orders with SL and TP

From the current market price:

Buy Stop = Current Price + XX pips
Sell Stop = Current Price − XX pips

Example:

             BUY STOP
                ↑
             XX pips
                ↑
          CURRENT PRICE
                ↓
             XX pips
                ↓
             SELL STOP

2. When Buy Stop is Triggered
Buy position opens.
Sell Stop is immediately deleted.
Maximum 1 open position.
No new pending orders while the Buy trade is open.

3. When Sell Stop is Triggered
Sell position opens.
Buy Stop is immediately deleted.
Maximum 1 open position.
No new pending orders while the Sell trade is open.

4. After Trade Closes
EA starts a new cycle and places new Buy Stop and Sell Stop using the selected New Order Gap.

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***************EA Inputs***********************
Basic Settings:
Trade Comment-Gold Scalper(Hide Input)
Magic Number-
Lot Type:Fixed/Dynamic
Fixed Lot Size-0.01
Dynamic Lot for $100 balance-0.01
New Order Gap (Pips)-
Stop Loss-
Take Profit-
Trailing Start-
Trailing Distance-
Trailing Step-
Maximum Spread-10( If spread is higher than the selected value → No new orders)
****News Filter********
Enable News Filter:True/False
High Impact News Only-USD
Minutes Before News-2min
Minutes After News-2mins
Delete Pending Orders Before News-True/False
********EA Dashboard********
EA Name:Gold Scalper V1.0
Account Balance-
Spread-
Current Drawdown-
Max Drawdown-
Current Profit-
Todays Profit-
Open Trades- (count)
todays Profit-