New Line Expert

Overview

• The Expert Advisor defines the most probable price chart movement areas and opens a grid of Buy Stop or Sell Stop pending orders.
• It does not use high-risk strategies, like martingale.
• Orders are closed by averaging. Stop loss and take profit can be used.
• The EA has been developed for trading EURUSD H4.

Advantages

• Low deposit load.
• Not affected by slippage and server delays.
• Not affected by spread.
• The minimum deposit is $100 and the minimum lot is 0.01.
• Suitable for a rapid deposit boost.

Settings

• Lot - order volume.
• orders - maximum number of pending orders.
• step - distance between pending orders.
• TakeProfit - take profit.
• StopLoss - stop loss.
• Profit - value, at which all market orders are closed.
• Magic - order magic number.

Recommended settings values

• Lot=0.01.
• orders=10.
• step=0.005.
• TakeProfit=1.0.
• StopLoss=1.0.
• Profit=1.
• Magic=10.

Settings values do not depend on the number of quotes' decimal places. Example: TakeProfit = 0.001 is equal to 10 points at four-digit quotes or 100 points at five-digit ones.