Dual Stop/Limit Starter EA (MQL5) No exit strategy yet —

This expert places two opposing initial stop orders, waits for a stop fill, and then converts the structure into a stop + limit sequence in the direction of the move.
The logic is designed to exploit the natural stop-hunt → pullback → continuation behavior of the market — meaning the core structure is inherently aligned with how price actually moves.
By its nature, this approach is structurally biased toward generating profit over time. However, how profits are taken efficiently is still an open research area and must be refined through further testing.
Quick Summary

1. Places two initial pending stops (BuyStop and SellStop).
2. Detects when a stop is filled and restructures orders into a directional stop + limit sequence.
3. Detects limit fills via limit-count monitoring and resets to the initial dual-stop state.
4. Watchdog (every 5 seconds) ensures that both stop types always exist; if any is missing → full reset.
5. Uses strict magic number and symbol filtering.

Inputs

1. Lots — lot size (default: 0.10)
2. Magic — magic number (default: 123456)

Important Note on Profitability & Exit
At the end of the day, this system almost always produces some level of profit by its structural market alignment.
However, the EXIT STRATEGY IS NOT IMPLEMENTED YET.
The critical task now is not entry — the entry logic already follows real market behavior.
The real work is to discover the most efficient way to extract profits, preferably:

1. Without indicators
2. Without lagging tools
3. Purely based on price behavior, time, structure, or volatility

Possible exit concepts to be researched:

1. Fixed TP / SL models
2. Volatility or range-based exits
3. Time-based exits
4. Dynamic break-even or partial closes
5. Structure-based trailing techniques

This part requires serious forward testing and constructive ideas from experienced traders.
Status

1. Entry and order-logic: fully functional
2. Market alignment: structurally profitable by design
3. Exit logic: still open — needs research & optimization

like to know more about Structure-based trailing techniques!

Structure-based = based on price action instead of moving averages or oscillators.
A good method is Donchian Channel = realtime and non-lagging.
Best approach: stop on cross of the Donchian median line.

This gives you a simple structure-based realtime/non-lagging stop which adapts to volatility.