The EA only operates when a new bar appears on timeframe Working timeframe. Indicators are also taken from timeframe Working timeframe. The EA itself must only be used on timeframe M1!
As soon as a signal appears to open BUY or SELL, a price level will be defined. As soon as the price crosses this price level, a new position will be opened.
Signal to open BUY: MA Fast on bar #0 > MA Slow on bar #0;
Signal to open SELL: MA Fast on bar #0 < MA Slow on bar #0.
When defining a signal, the working time range is re-checked (if only Start Hour and Stop Hour are not equal to “-1”).
Positions are closed by the opposite signal. If parameter Friday Close Hour is not equal to “-1”, your positions will be closed forcedly at Friday Close Hour on Friday.
Inputs
Working timeframe – timeframe to calculate the indicators;
Stop Loss – stop loss (“0” disables the parameter);
Take Profit – take profit (“0” disables the parameter);
Trailing Stop – trailing (“0” disables the parameter);
Trailing Step – trailing step.
Start Hour – starting the time range (hours); “-1” disables BOTH parameters: Start Hour and Stop Hour;
Stop Hour – ending the time range (hours), “-1” disables BOTH parameters: Start Hour and Stop Hour;
Friday Close Hour – closing on Friday (hours), “-1” disables the parameter;
BreakOut Level – break-out level;
Lots – lot size is constant, parameter Risk having to be equal to “0”;
Risk – lot size is dynamic, in risk percents per trade, parameter Lots having to be equal to “0”;
