Hello, I would like to add in an expert advisor created using molanis strategy builder , a regulatory recovery orders.
It will give some things like this for example :
Order Recover ALL X Pips : 5
( This function should be used to cover orders will need to buy a new order with a batch size identical to the basic order in example we scored 5 if we bought eur / usd . . to 1.3050 , then a new order will be open to 1.3045 . )
Order Recover Factor: 1.4
( we have seen that the recovery will do all X pips , this function Order Recover Factor will be used to determine the distance between each recovery order in Example 1.4 we have , so if covering the first order will be 5 pips in our example and therefore the third order is 5 pips * recover factor 1.4 = 7 pips, the fourth order is 7 pips (third order) * recover factor 1.4 = 9,8 pips )
Close Partial Orders in Sequence: true or false
( this function should if it is TRUE close all open positions limit the number authorized by the function below order)
Number of Orders To Close: 7
(this feature can say how many orders can be opened up if the Close Partial Orders in Sequence function is TRUE.)
Decrease Profit When X Orders Reached: 3
(This function sets the number of open order before reducing profit)
Profit Reduced: 2
(Number of PIPS function Decrease When Profit X Orders Reached)
Global Take Profit: 10
(Global TP if several orders are open and function Decrease Profit Orders Reached When X has not yet taken over)
Equity Security%: 15.0
(can limit the loss on the account to a certain percentage of equity)
So as previously announced, the robot which you will have to add these options reocuvrement order has been created with MOlanis strategy builder. This will mean that the Order Recover should be more or less independent, for example, I have asked the help of Molanis the robot executes only one command at a time, so the Order Recover in this case it will dissociated will Molanis.
All orders must be hidden BROKER
EXAMPLE :
My EA places a buy order on EUR / USD 1.3050 (we call this order "INIT") TP is already set to 7.
If the course redescent to 1.3045 or - 5 pips, figure marked in "Order Recover ALL X Pips" then EA will cover its position by purchasing a new order with the same batch size that the order "INIT".
if the price continues to fall, then EA will continue to cover its positions, taking into account the "Order Recover Factor" function in our example 1.4, then the next position will be open to 5 pips * 1.4 = 7 pips for the next position, ca give 7 pips * 1.4 = 9.8 pips for the next 9.8 * 1.4 = 13.72 pips pips, etc ...
If the "Close Partial Orders in Sequence" function is "TRUE", then all positions will be closed under this number in the "Number of Orders To Close" function. In our example, if one reaches 7 position, then closes all positions.
If the order number on the "Decrease When Profit X Orders Reached" function reaches, then the overall profit will be reduced this number in the "Profit Reduced" function in our example if reaches 3 orders, then profit overall is 2 pips.
The "Global Take Profit" function is used to define a total profit when opening several positions covering. In our example, if one open position we take an overall profit of 10 pips, 2 open positions we also take an overall profit of 10 pips, by cons if 3 open positions, then the "Decrease When X function Profit Orders Reached "take over and take the overall profit will be 2 pips like asking in the" Reduced Proft. "
The Equity Security function we serve to protect the count X% of the equity account.
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