"Macd Power" trades with 2 " Macd " indicators has virtual Stop Loss & Take Profit works on 4H & 1D time frames major forex pairs and stocks NASDAQ.
The main idea of this EA is to set high values in stop orders(400 pips).
When in fact the stop orders are structured and based on the "Macd","Atr" and "Bolinger Bands" indicators.
USEMOVETOBREAKEVEN system functions like a stop loss
But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.
If you have reached a certain value of pips with the direction of the trade -
So how many pips would you like to move the stop loss above the price line of the open trade-
This EA trades only with the price of open candle!
Trade volume of a position depends on previous trading results.
It provides the possibility to limit the maximum risk (in % of deposit) of the trade.
If you want to trade with constant lotsize say:0.01 lot ,you need to set "MaximumRisk =0" and "DecreaseFactor=0"
Or else you will have a calculation of Percent (%) of deposit and MaximumRisk.