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Execution time 31 days
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EA has to be in MT4.It has to work on 28 Currency pairs, Gold and Silver
Volatility indicator - To be placed in Indicator folder
VolatilityScan EA - to be placed in Experts folder
Below are the function of EA
Here we taken Gold for example : But it has to work the same for all pairs as mentioned above
1. We have to use Volatility Spike up to initiate a new buy entry. Indicator will be shared once confirmed.
2.Initially EA has to initiate a Buy position with Default lot size 0.01 (it need to change able by user as input) : Need to provide reference number
Note :
Positive Martingale : If current order is buy and price moves above and cross the pips step value. Then need to take new buy.
Hedge : If Current order is a buy But price moves down by certain pips step value then we have to take a sell.
3. We have to initate a Sell position when price moves down as positive martingale and to compensate 1st order loss.
So we will have 2 sell positions in total a.As positive martingale b. Hedge position (for buy)
Please refer to Attach for Placing the Orders. Make sure all Orders have different numbers
If it is a hedge order then it has to refer for which serial number it is taking a hedge position.
For Ex : Say order No.1 is in a loss then EA has to mention 1-H 1 refer to serial and H Refers to Hedge of Order No.1
This has to continue till we reach the cumulative profits (Set as input)
4.Cumulative profit to be calculated seperately for each Symbol which we taken entry. Once profit reached all orders from that individual symbol alone has to be closed.
5.Every order should use Lot multiple value. Say if lot multipler is set as 1.5. it has to use multiplied lots for each new orders.
6. Cumulative loss to be set as % of Total account Capital . Once the total loss is reached all orders to be closed at a time.
7. Pair Preference : Pairs to be selected based on Volatility Spike Value : 1.45 .
When the histogram turns yellow in Volatility indicator is a indication of increase in volatility.
8.Pairs to be scanned :
c. Market Watch
d. Specific pairs to be scanned : Need a box to type :
9.No of pairs to be traded at a time : 2 (In numbers)
Please let me know if you have any questions. i will explain in detail
Input Requirements :
1.Start lot size = 0.01
2.positive martingle (PM)Pip step = 20pips
3. hedge (H)Pip step = 20 pips
4. Lot Multiplier = 1
5. Time slot = True / False
a.Time Slot 1 :
Start : 00.00 to
End : 10.00 hrs
b. Time Slot 2 :
Start : 10.05 to
End : 15.00 hrs
c.Time Slot 3 :
Start : 15.05 to
End : 23.55 hrs
6.Cummulative target for individual pair= 5$
7.Volatility spike up True / False
8.Cummulative loss xyz% of capital
9.Pair Preference : Pairs to be selected based on Volatility Spike Value : 1.45 .
10 Pairs to be scanned :
a. Market Watch : True/False
b. Specific pairs to be scanned : Need a box to type :
11.No of pairs to be traded at a time : 2 (In numbers)
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