Scalper_AvtomatFX Expert Advisor implements an algorithm for opening orders based on the analysis of the tick flow of Ask and Bid prices.
Scalper_AvtomatFX Expert Advisor implements an algorithm for opening orders based on the analysis of the tick flow of Ask and Bid prices. The EA works best when the price moves in a range. The Expert Advisor manages to cover losses from orders that are still in the market with a profit from closed orders. But if you leave orders not closed, this will lead to eating up all the profit by orders in the market. Therefore, the Expert Advisor implements the “Earnings in the TIME INTERVAL” algorithm.
The essence of the “Earnings in the TIME INTERVAL” algorithm:
1. The Expert Advisor puts a timestamp, in the info panel it is Time_Point, the beginning of the time interval
2. The EA calculates the profit from closed orders by our setting after this time
3. The EA calculates profit / loss from open BUY and SELL orders every tick
4. The advisor analyzes the amount of profit from “closed orders in our time interval” + “profit / loss from open orders” and when this value exceeds the planned TP in money, the advisor closes all open orders and, after closing, rearranges Time_Point to the current time, thereby starting a new time interval.
Those. when “SUM Profit Cycle =” is greater than “Destination Profit =” all orders will be closed and a new cycle (time interval) will begin…….
Note: pressing the keys: “Close Buy orders” or “Close Sell Orders” closes orders in this direction, BUT DOES NOT REMOVE the Time Point, i.e. we stay in the previous Time interval..
Attention: Scalper_AvtomatFX performs all closing operations in automatic mode, you can use the keys to adjust its work.
How many orders an advisor can open: ;any brokers limit the maximum number of orders opened in the terminal. As a rule, now many brokers have 200 orders. Those, if you have 200 open orders and you want to open another one, the terminal will not open and return error 148. Scalper AvtomatFX.com can open all 200 orders in the process, therefore the advisor has an integrated algorithm for analyzing orders opened by other advisors or settings of this advisor.
Setting the EA operation time and the algorithm of the time filter:
1. If at least one order is opened with this setting, then the advisor will open subsequent ones and accompany them until they are closed by the “Planned TP”, it will not close it itself at a loss in terms of the total profit in the “Time interval”
2. At the time allowed for trading, the advisor receives “permission” to open the “first order”
3. Pressing the “Open first order” button – leads to the opening of the first order, regardless of the prohibiting settings (setting the working time or there are orders from other advisors in the market). .
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