The Rainbow Forex EA uses a grid system of covering losses (make sure that your broker allows the grid trade). If someone is frightened of this, we hasten to inform you that the used step is 38 pips. That very rarely lead to a large accumulation of open orders.
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In the Rainbow Forex EA, the signals to buy and sell are not related! This can lead to hedging of open orders (make sure that your forex broker allows hedging orders). This is done in order not to miss the opportunity to make a profit when the trend changes (for example, news outlets, etc.).
Profit tracking occurs both for each type of orders separately and for the total profit of all orders. This allows the expert to adapt to the market and changes in the trend. That is, the loss of trade signals due to open countertrend orders is minimized.
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