EA Black Star Premium — Hybrid Expert Advisor for Automated and Manual Trade Management

EA Black Star Premium is a versatile Expert Advisor designed to trade fully automatically or manage user-opened orders seamlessly. It adapts to various trading styles with three distinct modes:

• Auto Mode: The EA identifies price consolidation zones and opens positions as price breaks out. If the trade doesn’t hit take profit and price reverses crossing the consolidation zone, it opens a locking position with increased volume to recover losses.

• Recovery Mode: The user manually opens the initial order via the EA’s panel, and the EA manages it automatically, using the same logic as Auto mode.

• Grid Mode: The user opens the first position (or pending orders), and the EA builds a grid of orders to manage and exit the trade strategically.

Recommended Settings:
For automatic trading, the default settings are optimized for EUR/USD, GBP/USD, and USD/CAD on the M15 timeframe.

Key Features and Input Parameters

• Compatibility: Supports both 4 and 5-digit brokers; inputs specified in points for 5 decimals automatically adjust for 4 decimals.

• Trade Option: Choose between auto, recovery, or grid modes depending on your trading preference.

• NewCycle: Enable for continuous trading; disable to stop new orders after a series is complete.

• Start Lots: Initial trade lot size.

• Auto Lot: Enable automatic lot calculation based on deposit size.

• Lot Multiplier: Multiplier applied to subsequent orders after the first.

• Grid Mode Order: Order number at which the EA switches from Auto to Grid mode.

• Max Lot: Maximum allowed lot size.

• Max Orders: Max open orders (per direction if grid mode).

• Distance: Distance between orders for manual mode.

• Take Profit (points): Default take profit level.

• Take Profit 2: Secondary take profit applied from a specific order number.

• Stop Loss: Stop loss in deposit currency.

• Trailing Stop: Activate trailing stop after reaching a profit threshold; specify start and distance points.

• Overlap Order: Enable to allow the last order to cover unprofitable ones in grid mode.

• Overlap Percent: Profit percentage threshold for order coverage.

• Trading Hours: Define start and stop times for opening new orders.

• Magic Number: Unique ID to differentiate EA trades from others.

• Font Size: Customize panel font size for ease of use.

EA Black Star Premium is ideal for traders who want a robust, flexible EA that can adapt to both automated and manual trading strategies, managing risk and maximizing recovery through smart order placement and management.