Entry: This basis of this strategy is a rather simple high/low breakout system. The EA will find the recent High and Low, and will put pending orders at the break of those Highs and Low.
The entry can be searched for whenever the price is a certain distance away from the high/low

Exit: The entry was pretty much straight forward. The exit strategy is much more complex and is the real strength of the EA. The EA uses multiple forms of trailing stops and breakeven-settings. The basic trailingstop is ofcourse implemented, The EA must try to set the SL to breakeven (=entryprice).
The 3rd trailingstop is based on the high and low.
The 4rd trailingstop is one set in time. because test shows that after a certain number of minutes/hours, the chance of having the trade exiting with profit gets smaller and smaller. And last but not least: there is the Magictrails SL. This is something of a unique feature, where the EA will systematically decrease the SL
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