e-Skoch pending orders – EA MetaTrader 5

The author of the idea: Skoch , the mq5 code author: barabashkakvn.

The EA executes trading operations at the opening of the bar, and does not work inside the bar (does not analyze ticks).

The “e-Skoch pending orders” Expert Advisor places stop orders based on the following rules:

• Buy Stop: if the high of bar #2 on the D1 timeframe is higher than the high of bar #1 on the D1 timeframe and the high of bar #2 on the current timeframe is higher than the high of bar #1 on the current timeframe.
• Sell Stop: if the low of bar #2 on the D1 timeframe is lower than the low of bar #1 on the D1 timeframe, and the low of bar #2 on the current timeframe is lower than the low of bar #1 on the current timeframe.

Input Parameters

• Lots – lot size.
• Take Profit for BUY (in pips) – the take profit level for pending buy orders.
• Stop Loss for BUY (in pips) – the stop loss level for pending buy orders.
• Take Profit for SELL (in pips) – the take profit level for pending sell orders.
• Stop Loss for SELL (in pips) – the stop loss level for pending sell orders.
• Indenting price from High (in pips) – distance from the high of the bar on the current timeframe.
• Indenting price from Low (in pips) – distance from the low of the bar on the current timeframe.
• true -> If there is a position, do not place a pending order – prohibits placing pending orders if there is an open position.
• Percent equity – profit as percent of equity.
• magic number – Expert Advisor’s unique identifier.