The EA is designed to catch a weekly trend/wave and ride it for the week. It works off the opening price for the week and is configurable in a number of ways. Here is a summary of the functions.
- Does your broker have a Sunday bar?
- Distance before changing direction?
- Do opposite orders follow the trend?
- Allows up to 5 orders to be configured with the following parameters
- Take profit
- Stop loss
- Break even (when x profit achieved then move stop loss to break even)
- Sends e-mail of current status and history
- Chart display of profit/loss history
Special notes:
- System should start on Sunday when the market opens.
- Should be run on Daily charts.
- The EA may work (place trades) if turned on during the week but not what I envisioned and results are not guaranteed. It's really meant to start on Sunday and run through Friday's close.
- 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 as long as you specify whether your broker has a Sunday bar or not (BrokerHasSundayBar = True/False).
- 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.
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