If one of the orders triggered, in one direction or the other, then the opposite pending order is deleted, and then the forex advisor will open pending orders only in the direction in which the order was triggered. For example, if a Buy Limit order is triggered, then the opposite Sell Limit is removed, and on the next candle, the trading robot will open only one pending Buy Limit order.
If the number of open market orders has reached the number specified in the parameter “Increased lot after order # (0-disabled)”, then the forex advisor will start opening pending orders of increased volume, which is calculated by the formula: “Next lot” = “Amount of open market orders “. Example: the size of the initial lot is set at 0.01, 3 orders have been opened for the market (the default value of the parameter), which means that the next order will be placed with a volume of 0.03, i.e. 0.01 + 0.01 + 0.01 = 0.03, etc., until all orders are closed with profit.
The Breakfast in Canada Forex trading robot will then begin a new cycle.
The lifespan of pending orders is specified in the parameter “Pending orders lifespan, min.”, The time should be specified in minutes.
Breakfast in Canada EA can pick up your orders, which you open manually, if you deem it necessary, for example, to get out of the drawdown as soon as possible. However, one should take into account the fact that orders should be opened in the same direction as market orders have already been opened, otherwise the forex advisor will close all open orders, and it does not matter if they are in profit or loss. We advise only experienced traders to open orders manually when you are completely sure of what you are doing.
The trading robot has the ability to disable trading during the day (when lunch is in Canada), which is also recommended only for experienced traders.
In a forex advisor, you can use the “Micro lot (XM Global, etc.)” parameter regardless of the broker, but at the same time make 10 times less profit, which accordingly reduces the risk of drawdowns, for example, with a small initial deposit. However, this parameter should be enabled for such brokers as InstaForex, XM Global, etc., whose lot value is 10 times less than usual.
Also on the chart there is a Stop / Start button, when pressed, the Forex trading robot stops its work until it is pressed again.
The Expert Advisor uses virtual StopLoss and TakeProfit in its work, i.e. hidden from the broker.
The forex advisor has the ability to enable or disable the calculation of the size of the swap and commissions when calculating the profit for closing positions. This parameter can be enabled for a deposit of more than 10,000 units and an auto-lot of 0.5%, if your broker has low or no commissions, as well as small swaps. For small deposits, it is better to disable this parameter, which will significantly reduce the drawdown and slightly reduce the profit. If your broker does not take commissions, and you have a Swap-Free account, then this parameter can be left off.
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