Hoop master - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
The author of the idea - Yuri
mq5 code author - Bara Bashkakon
EA trading uses Buy Stop and Sell Stop pending orders. The EA performs operations when a new bar appears: if there are no positions and no pending Stop orders, the EA places Buy Stop and Sell Stop at an " indented " distance. If no orders are triggered on the next bar, the EA deletes these pending orders and starts over.
Once any pending order is triggered, the remaining orders will be deleted. Trailing Stop will be applied to open positions. At the same time, EA will place two additional pending stop-loss orders with double the lot size.
Attachment download
📎 hoop_master.mq5 (61.66 KB)
Source: MQL5 #23297
Hoop master - MetaTrader 5 expert | MT5 EA download - MetaTrader 5 resource usage and screening suggestions
Hoop master - MetaTrader 5 expert | MT5 EA download - MetaTrader 5 resources belong to MT5 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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