Author of the idea: Evgeny, mq5 code author: barabashkakvn.
The Expert Advisor sets a grid of pending orders above and below the current price.
The EA algorithm is as follows: if there are no pending orders and no positions, the EA sets five pending Sell Limit and five pending Buy Limit orders. Then the EA monitors the market: if profit reaches the "Profit target" value or loss reaches "Maximum loss", all open positions are closed and remaining pending orders are deleted.
- Profit target (in money) - the target profit value; when it is reached, all positions will be closed.
- Maximum loss (in money) - the maximum allowable loss; when it is reached, all positions are closed.
- Step (in pips) - distance between pending orders.
- Lot - volume of orders.