Overlap Order – enable/disable covering the unprofitable orders by the last one in the grid mode.
Trail Distance, points – trailing stop distance.
Trail Start, points – profit in points to activate trailing stop.
Stop Loss – stop loss in the deposit currency.
Take Profit 2, points – the take profit to be applied for orders starting with Orders for Take Profit2.
Orders for Take Profit2 – the number of the order starting from which Take Profit 2 shall apply.
Take Profit, points – take profit in points.
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Distance – parameter for working in manual maintenance mode, defines the distance between orders.
MaxOrders – maximum allowable number of orders if grid mode is enabled – number of orders per direction.
Grid Mode Order – the number of the order at which the EA should switch from Auto mode to the Grid mode.
Lot Multiplier – lot multiplier for the second and subsequent orders.
Autolot size – amount of the deposit, for which to use Lot when Auto lot is enabled.
Autolot – enable/disable auto lot calculation.
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NewCycle – when enabled, the EA works non-stop, otherwise, the EA does not open new orders after a series of trades is complete.
Choose Trade Option – select the trading method: auto, recovery or grid.
Specify values in points like for 5 decimal places in the input parameters, and it will automatically recalculate everything for 4 decimal places. The product works both on 4 and 5-digit quotes. In automatic mode, the default settings for eurusd gbpusd usdcad m15 are recommended.
In the third grid mode, the user opens a position using the panel (pending orders can be opened as well), and the EA builds up a grid for exiting the position.
In the recovery mode, the user opens the first order using the EA’s panel, and it is managed exactly as in the automatic mode.
If the position fails to be closed by a take profit and there was a crossing of the consolidation zone from the opposite side, the EA will open a locking position with an increased volume. A position is opened once the price leaves such an area.
In the auto mode, the EA finds the price consolidation areas.
The EA Black Star Premium hybrid Expert Advisor is able to trade in fully automatic mode or manage orders opened by user.