Small candles

This EA uses my breakout strategy to open trades. It is based on the previous two candles' price and a break of the last candle High/Low.

It works well on USDJPY. The robot contains a manual stop loss and take profit and a trailing stop based on the previous candle High/Low.

It also has a position sizing feature to increase/decrease the lot size based on a percentage of your account size.

Inputs

• Trail=true - trail all open positions for a chart symbol, false =no trailing

Timeframe you want to trail with: the lowest timeframe that is set to true will be the trailing timeframe

• MNtrail=false - if true, trail on MN1
• W1trail=false - if true, trail on W1
• D1trail=false - if true, trail on D1
• H4trail=false - if true, trail on H4
• H1trai=false - if true, trail on H1
• M30trail=false - if true, trail on M30
• M15trail=false - if true, trail on M15
• M5trail=false - if true, trail on M5
• M1trail=false - if true, trail on M1

Entry timeframe you want to use: the lowest timeframe set to true will be used for an entry trigger

• MNentrytf=false - if true, enrty trigger taken from MN1
• W1entrytf=false - if true, enrty triggertaken from W1
• D1entrytf=false - if true, enrty triggertaken from D1
• H4entrytf=false - if true, enrty triggertaken from H4
• H1entrytf=false - if true, enrty triggertaken from H1
• M30entrytf=false - if true, enrty triggertaken from M30
• M15entrytf=false - if true, enrty triggertaken from M15
• M5entrytf=false - if true, enrty triggertaken from M5

• entrywiggle=10 - maximum number of pips allowed to deviate from the buy and sell triggers and still allow trading
• wiggle=20 - pips added to trailing stop location for price volatility, keeps stops tight but not too tight
• buyok=true - buying is allowed, false=no buying allowed
• sellok=true - selling is allowed, false=no selling allowed

• usePercentMM=true - use your account free margin to determine your lot size, false=use a fixed lot size from below
• PercentMM=75 - percent of your free margin you want to use to open a position if usePercentMM=true
• usesmallerlotsforlargeracct=true - reduces the position size for larger account sizes; over $25,000 only if usePercentMM=true
• lots=0.01 - fixed lot size used when usePercentMM=false
• TP=140 - take profit in pips
• SL=25 - stop loss in pips
• maxspread=2.0 - maximum allowed distance between Bid and Ask prices
• delaybuysell=86400 - minimum number of seconds to wait after opening a position before opening another new position, i.e. if a trade is opened at 3:00 and then closed at 3:01 and if delaybuysell=3600, then the next trade cannot open until 4:00, 3 600 seconds after the last position opened
  

Thank you for your interest in my product!

Karl