Meet the Innovator: Collector
Code Creator: barabashkakvn
The Autotrader Momentum EA is designed to work seamlessly with both netting and hedging accounts. One of its standout features is that it checks trading signals only when a new bar appears, while the trailing stop is always active, ensuring you’re never missing out on potential profits. When you open a position, it automatically sets a Stop Loss and Take Profit, giving you peace of mind right from the get-go.
If you prefer to disable the stop loss, take profit, or trailing stop, it’s as simple as setting Stop Loss, Take Profit, or Trailing Stop to "0.0".
Position opening signals are determined by comparing the Close price on the current bar (#Current Bar) with the Close price on a previous bar (#Comparable Bar):
- BUY Signal: Close #Current Bar > Close #Comparable Bar
- SELL Signal: Close #Current Bar < Close #Comparable Bar
It’s worth noting that a BUY signal also closes any existing SELL positions, and vice versa. This means that the EA will close your previous position before opening a new one, keeping your trading strategy smooth and efficient.
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