Rebate System Overlap

Rebate System Overlap

Rebate System performs a large number of trades with the minimum profit, which gives the opportunity to earn from receiving rebates (returning part of a spread).

It is based on two grids (buy and sell), when one of them is in a drawdown, the other one can enter with an increased lot size, keeping the account away from the drawdown.

Differences from the usual EA Rebate System in the mode of closing long-term losing trades in one of the grids due to the previously received profit.

Input parameters

• StopAfterTP – stop trading after closing all grids;
• SetName - Name of set, checked with the name of the currency pair;
• TF_FirstOrder – period for opening the first orders in the grid;
• TF_SeriesOrder – period for opening averaging orders;
• Lot – lot size;
• Takeprofit – take profit;
• StepNextOrder – the minimum allowed distance between grid orders;
• LotMultiply – multiplier for the lot of the current open order of the grid;
• MaxTrades – the maximum number of orders in the grid;
• Overlap order number - Order after whom enable the mode of closing the most distant orders with the profit already received;
• Raise take after overlap - Increase the take after the overlap is triggered

Lock parameters

• Lock - number series – the number of order in the series after which the opposite grid increases the lot for locking;
• Lock - % lots grid – locking percentage, lot size as a percentage of the sum of the opposite grid;
• Lock - max lot – the maximum lot size of the first locking order.

Other parameters

• Close at drawdown, % - Close all orders when the specified drawdown on the account is reached;
• Pause after close, hour - How not to trade after the closing of the drawdown;
• Slippage – slippage;
• MagicNumber – identification number;

Visualization parameters

• Color_BE_buy – color of the breakeven level for buy orders;
• Color_BE_buy – color of the breakeven level for buy orders;