Job finished
Specification
Proposal and Description for new EA :
When the EA is attached to the chart immediately that price to be considered as Reference point. then if price moves by certain pips up or down
there we need to take our first entry depends on the move.
Example :
If Reference point is : 1.1850 then price moves up by 10 pips then first buy entry at 1.1860 then next buy entry 1.1870 and
then price comes down by 1.1850 there will be a sell entry (Here reference point converted to sell)
For Order trigger: Place 20 buy stop orders above the first entry and 20 sell stop orders below the first order with certain orders.
Buy stop orders to be displayed in blue colour and sell stop orders with red colour
Order Type : STOP BUY and STOP SELL from the reference point or last initiated price
CUMULATIVE TARGET... This target should calculate based on the net profit not the GROSS PROFIT
WAITING TIME ON/OF
Point to note.... The areas where in, it has picked BUY OR SELL..... These areas will never add ANOTHER BUY OR SELL .. WE HAVE ALREADY MENTIONED IN THE INPUTS
Note:
1.If First Order taken at 1.1850 then price is going above by 10 pips it takes at 1.1860 and again goes up takes a by at 1.1870 and
then if market goes down crossing 1.1840 then only we need to take a sell right. No sells inbetween ( 1.1870 to 1.1850 since they are buy area)
2. Net profit option means considering the commission. it has to reach Cumulative target right ?
Inputs : (all the below inputs will be changed by user)
Lot size : 0.1 (as default)
Pips step : 10 (in pips as default)
Cumulative target : 2$ (Net profit)
Waiting time : 1 0 minutes (Once all orders closed after reaching the target. We need to wait till 10 minutes.
Then after 10 minutes where the price is. that will be our reference point)
No of Buy and Sell Stop orders : 20 (Default)