Is the mechanism implemented in this EA a martingale?
Yes, it is. Unlike the Hedging
versions, this EA implements a martingale recovery process, as each trade is taken when the previous one has been closed, with increasing lotsizes and identical management parameters.
Is the EA NFA/FIFO Compliant?
It is, because each trade is taken when the last one has been closed.
Do I need a VPS to run the EA?
You must have your computer connected 24/5 or hire a VPS.
Can I buy and sell at the same time?
No, you can't, because it would confuse the recovery mechanism. When entering a trade, please go only long or only short. Never buy and sell at the same time.
Can I use pending orders to enter the market?
Yes, you can. Once one of them becomes a market order, the EA will start working.
Can I place two pending orders in opposite directions to enter the market?
Yes, you can. Once the first one is triggered, the EA will delete the other/s.
Can I interfere with the trades of the EA?
Please don't. Let the EA do its job. All you can do is closing the deal completely.
Will this EA interfere with other EAs running in my account?
Yes, it will! It will manage all trades on the current chart with a Magic Number of zero.
Is the EA fully automatic?
This EA is not designed for fully automated trading, although it implements a few automated entries which you can enable or disable at will.
Can I set my own take-profit and stop-loss when I enter the market?
No, you can't. Please trade without stoploss or takeprofit. The EA will handle those.