Trend Side EA is developed to capture the profit in trend. It helps us to multiple the profit while traveling with the trend. Also while coming against the trade we are also getting risk free as assigning SL and TP between consecutive trades.
It will open the trade as soon as it reaches to entry price level. Also as per its function it will go for second trade and rest of the function. After opening of second trade it will automatically assigned the SL and TP between last 2 trades. Cycle will have continued in trending direction. Also if breakeven will get happen between two consecutive trades then trades will get opened above/below last closed trade in trending directions only.
While coming back it will open trade and assigned BE between last two trade
If Market trended in one direction trade will get opened and closed as per working.
When opened 3 and 4 getting BE then BE will get assigned between 2 and 1. Also If only one trade is remained then SL is assigned to that 1 trade only. While coming back it will open trade and assigned BE between last two trade.
INPUTS
Magic No: Use to differentiate trades.
Initial Lot: Initial (I st) Lot size
Trade Type: Select which side you want to go (BUY or SELL)
10 Entry Price: Select the price where you want to in or start the EA with initial lot.
Lot Info: Select (Same lot / Multiple / Increment)
Lot MM: Select (Same lot size / multiplication factor / Increment factor)
Order First Gap points: Select gap between first 2 consecutive trades (in PIPS)
Need second retracement: Select whether you want retracement level or not? (YES or NO)
Target in dollar: Overall target in dollar
Stop loss in dollar: Overall Stop loss in dollar
Max Level: Number of trade or levels you want
Target Points: BE + Points in PIP
Initial SL: Assigned a Stop loss to the initial trade of each price level
Magic No: Use to differentiate trades.