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The Detective Pips EA is an automated hands-free tool that trade pending order breakout at previous high and low strategy. This EA is also a non-Martingale and Hedging Mechanism by which most traders are comfortable with, profits are secured by the adjustable trailing stop.
Also, this strategy works with small average profits therefore it is highly suggested to trade with a low spread and commission broker.
This EA is a great day trading scalping Project that are able to trade both trending and sideway market.
/////General Settings///////
End Candle ID: Sensitivity of the high and low algorithm (smaller value = more highs and lows, greater value = less highs and lows)
Lot Percentage: The lot size for each trade will be calculated so that the set percentage of your account will be lost if the inital SL is triggered
Take Profit Pips: The distance from the entry order price to the TP
Stop Loss Pips: The distance from the entry order price to the SL
Pips Trigger Trailer: The Trailing Stop is activated as soon as a trade is more than the TSL Trigger Points in profit
Trailing Stop Loss: The Trailing Stop will be trailed in this set distance behind the current market price
Trailing Step: The SL will only be modified if it is at least this distance above the previous SL
////Time Filter////
Start Hour: Hour of the start of the allowed trading time
Start Minute: Minute of the start of the allowed trading time
End Hour: Hour of the end of the allowed trading time
End Minute: Minute of the end of the allowed trading time
Note…
Please optimize and test this EA to your best settings before placing on live account …..
//////Best Regards//////
