Straddle&Trail EA

Expert Advisor Straddle&Trail.
extern bool    ShutDown.NOW=False;                 // If true ALL POSITIONS (open and/or pending) will be closed/deleted
                                                   // based on "ShutDown.What" flag below
                                                   // This parameter is the first on the list so the user can access it
                                                   // as quickly as possible.
extern string  sStr00=" 0=Everything               ";
extern string  sStr01=" 1=All Triggered Positions  ";
extern string  sStr02=" 2=Triggered Long           ";
extern string  sStr03=" 3=Triggered Short          ";
extern string  sStr04=" 4=All Pending Positions    ";
extern string  sStr05=" 5=Pending Long             ";
extern string  sStr06=" 6=Pending Short            ";
extern int     ShutDown.What=0;
extern bool    ShutDown.Current.Pair.Only=True;    // If true, ALL trades for CURRENT pair will be shutdown
                                                   //(no matter what time frame).
                                                   // If False, ALL trades on ALL pairs will be shutdown.
extern string  sStr1="=== POSITION DETAILS ===";
extern double  Lots=1;
extern int     Slippage=10;
extern int     Distance.From.Price=30;             // Initial distance from price for the 2 pending orders.
extern int     StopLoss.Pips=30;                   // Initial stop loss.
extern int     TakeProfit.Pips=60;                 // Initial take profit.
extern int     Trail.Pips=15;                      // Trail.
extern bool    Trail.Starts.After.BreakEven=true;  // if true trailing will start after a profit of "Move.To.
                                                   //BreakEven.at.pips" is made
extern int     Move.To.BreakEven.Lock.pips=1;      // Pips amount to lock once trade is in profit
                                                   // by the number of pips specified with "Move.To.BreakEven.at.pips"
                                                   // Unused if Trail.Starts.After.BreakEven=False
extern int     Move.To.BreakEven.at.pips=5;        // trades in profit will move to entry price + Move.To.BreakEven.
                                                   //Lock.pips as soon as trade
                                                   // is at entry price + Move.To.BreakEven.at.pips

                                                   // i.e. Entry price on a long order is @ 1.2100
                                                   // when price reaches 1.2110 (Entry price + "Move.To.BreakEven.at.pips")
                                                   // the ea will lock 1 pip moving sl
                                                   // at 1.2101 (Entry price+ "Move.To.BreakEven.Lock.pips=1")
extern string  sStr2="=== NEWS EVENT ===";
extern int     Event.Start.Hour=12;                // Event start time = Hour.      Broker's time.
extern int     Event.Start.Minutes=30;             // Event start time = Minutes.   Broker's time.
                                                   // IF YOU WANT TO DISABLE THE "NEWS" FEATURE (the straddle)
                                                   // SET BOTH PARAMETERS TO 0.
extern int     Pre.Event.Entry.Minutes=30;         // Number of minutes before event where the ea will place the straddle.
                                                   // If set to 0, the ea will place the straddle immediately when activated,
                                                   // otherwise xx minutes specified here before above Event start time.
extern int     Stop.Adjusting.Min.Before.Event=2;  // Minutes before the event where the EA will stop adjusting
                                                   // the pending orders. The smallest value is 1 min.
extern bool    Remove.Opposite.Order=True;         // if true, once the 1st of the 2 pending orders is triggered,
                                                   // the opposite pending one is removed otherwise left as is.
extern bool    Adjust.Pending.Orders=True;         // if true, once the pending orders are placed at
                                                   // "Pre.Event.Start.Minutes" minutes before the event's time,
                                                   // the ea will try to adjust the orders ONCE EVERY MINUTE until
                                                   // "Stop.Adjusting.Min.Before.Event" minutes before the release where
                                                   // it will stay put.
extern bool    Place.Straddle.Immediately=False;   // if true, the straddle will be placed immediately once the
                                                   // expert is activated. This overrides previous 'News Events'
                                                   // settings for placing the long and short pending orders and
                                                   // in that case, the positions WILL NOT BE ADJUSTED.
                                                   // This is to be used as a "quiet" range breakout, for example if we
                                                   // want to play a "regular" breakout during Asian Session for example
                                                   // or at any other time of the day where the market is rangebound

I can not understand what you post here ? please explain me more

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can this ea is used to close all trades or something else

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I can not understand what you post here ? please explain me more

Hello Jay007hot3, I understand that the initial post might be a bit technical. Ranifa shared an Expert Advisor called Straddle&Trail, which is a tool used for managing forex trades. It has various functions that allow traders to automate their trading strategies.

If you have any specific questions or need further clarification on any part of the Expert Advisor or its functions, please don't hesitate to ask. I'm here to help explain and guide you through it.

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can this ea is used to close all trades or something else

Yes Azaib77, the Straddle&Trail EA can be used to close trades, but it does much more than that. It's a versatile tool for managing your forex trades. You can use it to:

Close all trades, including open and pending ones, based on your criteria.
Set parameters for your trades, like lot size, stop loss, take profit, and trailing stop.
Time your trades around news events.
Adjust pending orders automatically.
Choose whether to remove the opposite pending order when one is triggered.
So, it's not just for closing trades; it's a comprehensive Expert Advisor that can help you optimize your forex trading strategy. If you have any specific questions or need further information about how to use this EA effectively, please feel free to ask.

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Thank you Ranifa for sharing the details of the Straddle&Trail EA. It appears to be a comprehensive and versatile Expert Advisor with several functions that can be very useful for forex traders. Let's break down what these functions do and why they are valuable:

ShutDown Feature: This function allows you to close or delete positions (open and/or pending) based on different criteria. You can choose to close everything, all triggered positions, triggered long or short positions, and more. It's a quick way to manage your trades, especially in volatile market conditions.
Position Details: Here, you can set parameters like lot size, slippage, initial distance from the price for pending orders, stop loss, take profit, and trailing stop. These are essential settings for managing your risk and profit potential.
Trail Feature: The trailing feature is very beneficial for locking in profits. You can configure when trailing starts (after breaking even) and how much it locks in (in pips). This helps protect your gains and reduce risk.
News Event: This part of the EA allows you to time your trades around news events. You can set the start time, minutes before the event to enter the market, and minutes to stop adjusting orders before the event. This is useful for trading around major economic announcements.
Remove Opposite Order: You can choose whether to remove the opposite pending order once one is triggered. This feature helps to avoid confusion in your trading strategy.
Adjust Pending Orders: If enabled, the EA will automatically adjust pending orders, which is valuable for keeping your trades in sync with changing market conditions.
Place Straddle Immediately: This option allows you to place the straddle immediately, bypassing the news event settings. It's handy for quieter market periods when you want to play a regular breakout.
Overall, the Straddle&Trail EA seems to offer a range of features that can help you manage your forex trades more efficiently, particularly around news events.

If you have any questions about how to use specific features or if you'd like suggestions on how to optimize your trading strategy with this EA, feel free to ask.

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