EA DAW – Price Trap

Description

This is a trading system based on the Price Trap model. It does not use any indicators and follows a Set and Forget trading style, which is simple and highly effective.

All you need to do is download the DAW.config file, load it into Giga, and activate the EA – Activated to run the EA.

Trading Strategy:

The trading system operates on the D1 timeframe. At the beginning of each trading session, the EA performs the following actions:

It takes the opening price of the current day and sets limit orders on both sides. Each side has 3 orders:

Sell Limit:

• Order 1: Opening price + 30 pips = Volume 0.01
• Order 2: Opening price + 60 pips = Volume 0.02
• Order 3: Opening price + 90 pips = Volume 0.04

Buy Limit:

• Order 1: Opening price – 30 pips = Volume 0.01
• Order 2: Opening price – 60 pips = Volume 0.02
• Order 3: Opening price – 90 pips = Volume 0.04

Stop loss for each order: 200 pips

Take profit for each order: 40 pips

• Pending orders expiration: At the end of the trading day, pending orders are automatically deleted.
• Matched orders are left running until stop loss or take profit is reached.

Setting entry conditions:

Setting Volume, SL/TP:

Since it is necessary to check the conditions of the total number of pending Buy and Sell orders to determine the volume, it is set separately on the Volume Buy/Sell tables.

Setting Pending Orders and Opening Trades:

All other parameters and options are set as default.

Due to the Single Shot system, only the Action Standard is used.