This EA has 2 modes, MANUAL or AUTOMATIC. My recommendation is to use it as a MANUAL tool, if used in automatic mode, you are suggested to keep an eye on it very frequently.
Be sure to allow algo trading in the MT5 before deploying the EA
MANUAL MODE:
When loading the EA onto the chart and the input window pops up, put the “Manual Mode” parameter to TRUE.
A movable panel will appear:
“Enter” button will place a limit order near each peak on the chart. “Trading Logic” parameters will exactly determine where the orders are placed (watch youtube video when available)
“Close” button will delete all the existing orders
If the current time (server time) is outside of the allowed time range for trading (decided with the “Session” parameters in the inputs) the EA will forcefully delete all the EA orders even when entered manually.
AUTOMATIC MODE:
When loading the EA onto the chart and the input window pops up, put the “Manual Mode” parameter to FALSE.
If in the allowed time range, the EA will place ONE buy limit near the first valid dip and ONE sell limit near the first valid peak.
Every time an order gets triggered and then closed, a new peak/dip will be automatically found by the EA and another order will be placed there
RISK SETTINGS
“Nominal Balance” and “True Balance” are meant for trading with some of the most common prop-firms, where you have a maximum drawdown (true balance) and an account with whatever size (nominal balance). These parameters will be active only if you don’t use “Fixed Sized Lots” and want to risk a percentage on each trade
