How the Max Lot Trading Robot works.
The direction of trade is supplied by a Simple Moving Average. If the Moving Average is pointing up the EA will buy and if it is pointing down it will sell. You can change the setting of the Moving Average and you can even reverse the direction of trade if you wish.
The Robot will trade continuously. As a trade closes another will open. The big thing about this Robot is that it will always risk the maximum amount of lots on each trade. See the calculation on this page. So if the previous transaction was positive lot-sizing (also known as Position sizing) will increase and if it is negative lot-sizing will decrease. So lot-sizing can increase dramatically in successful trends and decrease at a much lower rate when in an unsuccessful phase.
So only 1 transaction will be active at a time.
Trading stops and resets for an instant when the total of all trades entered since the last start hits the Equity Target or Equity Stop Equity levels set. It will then automatically restart based on lot sizing based on the new equity levels.
Each transaction has a Transaction STOP and transaction TARGET determined in pips.