This strategy is for demonstrational purposes only and real-time trading is not advised.

This strategy demonstrates various trade operations - opening, adding, reducing, stop loss and take profit. It opens 0.1 lot long at the beginning of a bar when Momentum indicator (previous value) rises. If a long position was already open, the strategy adds 0.1 lots more to it. Since MetaTrader 4 is not able to add to a position the expert advisor opens a new long position. When a signal appears during a short position, Forex Strategy Builder closes 0.1 lots from it.

The logic for the short positions is opposite – the program enters short when Momentum indicator goes down. The program also adds 0.1 lots in case of another same direction signal and reduces the position in case of an opposite direction signal.

The maximal position is 1 lot.

Every time when a position is changed the program sets Stop Loss and Take Profit at +/- 200 points from the entry price. (Make the Stop Loss and the Take Profit +/- 20 points if your broker quotes 4 digits.)