The EA trades with the Absorption pattern. It places pending orders Buy Stop and Sell Stop. It can move a position to a breakeven, as well as trailing. Individual Take Profit settings for BUY and SELL.
Absorption in bar #2:
Absorption in bar #1
Inputs
Lots – volume of the pending order to be placed;
Take Profit Buy – Take Profit for the Buy Stop of pending orders;
Take Profit Sell – Take Profit for the Sell Stop of pending orders;
Trailing Stop (in pips) – trailing;
Trailing Step (in pips) – trailing step;
Indent from high or low – indent from the extreme (high or low) found;
Number of bars to search for price extremes – number of bars for searching for extremes;
Expiration a pending order in hours – life time of the pending order, in hours;
Magic number for signal 1 – identifier for positions on trades for signal 1;
Magic number for signal 2 – identifier for positions on trades for signal 2;
Breakeven (in pips) (“0” -> parameter “Breakeven” is off) – breakeven (for how many pips to move the Stop Loss);
Breakeven profit (in pips) – a profit, at achieving which the Stop Loss must be moved to breakeven.
