Forex Setka Trader 1.6
From the moment EA is launched, it’s looking at the closing price of the last bar. If the bar is “bullish” (closing price is higher that the opening one) it automatically opens long position with the pre-setted Take Profit order. EA never places Stop orders. Instead, it’s monitoring open position and acting accordingly to the market conditions. Basically, if the price is moving into our favor, it will be waiting until Take Profit order is triggered. However, if the price is moving against us, EA will open open additional position in the same direction and for the same amount (double up the existing position). Thus will average the opening price of the whole trade, so it is right in the middle of the two positions.