EA LCCM LV1 – CH5

Description

Moving SL with C7CB – Closing orders with C75N

In this CH5, we will utilize the C7CB candlestick pattern model to move the Stop Loss (SL) to the entry point and close the order with C75N for further optimization of the Expert Advisor (EA).

Setting up Break Even with C7CB

To move the SL to the Break Even point, go to the Action tab of FXCE Giga. Select Single -> Standard -> Break Even.

• Choose Custom Indicator as the Break Even Mode.
• Select the C7CB indicator to signal the movement of SL to the entry point.
• Buffer Signal for Buy: 1 (This means that when there is a Sell signal from C7CB, the Break Even will be triggered for Buy orders).
• Buffer Signal for Sell: 0 (This means that when there is a Buy signal from C7CB, the Break Even will be triggered for Sell orders).

Setting up order closure for Buy with C75N

In the Close tab of Giga, add the condition to close Buy orders when there is a Sell signal from C75N.

• Bar 1 – C75N – Buffer 1 – Has Signal

Setting up order closure for Sell with C75N

In the Close tab of Giga, add the condition to close Sell orders when there is a Buy signal from C75N.

• Bar 1 – C75N – Buffer 0 – Has Signal

Leave the remaining configuration parameters as default according to CH4.