Changeling

The EA works in cycles of one of the selected modes Normal or Reverse, Rotation. When opening an order a new cycle is opened. The cycle runs until the total profit of all orders (open or closed) increases the loss, then the cycle is closed and a new one is opened.

EA Operation Modes

• Normal - in the Normal mode, the EA opens a position in the same direction, if previous trade was closed by Take Profit, and in the opposite direction, if it was closed by Stop Loss.
• Reverse - if you select Reverse, the EA opens a position in the opposite direction, if the previous transaction was closed by Take Profit, and in the same direction, if it was closed by Stop Loss.
• Rotation - Rotation mode, the EA constantly opens a position in the opposite direction, for example, the previous position was BUY, then the next position will be SELL; after the closing of SELL the EA will open BUY again.

EA parameters

1. Information panel - information panel with data on the current account;
2. The choice of day of the week - select a day of the week when the EA is allowed to trade.
3. A function of Maximum spread - the maximum allowable spread (maximum distance between Ask and Bid), if A function of Maximum spread=OFF this option is disabled.
4. To Change The Cycle - change the cycle (if necessary you can change the current cycle to the new name of the cycle)
5. Modes - select the mode of the EA
6. Volume - volume of open trades.
7. Take Profit - the amount of desired profit for an open order in points.
8. Stop Loss - the amount of allowable loss for an open order in points.
9. Slippage - acceptable slippage rates when opening an order.
10. Trailing Stop Loss - move Stop Loss to order open price when you achieve a positive profit specified in pips, (0 - disabled);
11. Trailing Take Profit - move Take Profit to the order open price when reaching negative profit specified in pips, (0 - disabled)
12. Losing volume, increased by two - to increase the volume two times if the previous transaction was closed at a loss(martingale principle).
13. Increase in Volume + VolumePlus - increase Volume by adding "VolumePlus" to the current volume if the previous deal was closed with a loss (for example, if the previous volume closed at a loss and was equal to 0.03, and "VolumePlus"=0.01, then the next deal will have the volume of 0.04, "0.03+0.01=0.04")
14. Maximum volume - the maximum allowed volume. After achieving this volume, next orders will be opened with the maximum lot.

Note: the Use of martingale can lead to loss of all funds on the account. Before using this EA make sure you test its functionality with your broker.

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