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Execution time 13 days
EA Pyramid for Bull Periods
I am trading in Forex market. I want to create an EA so that I want to buy a specific quantity (0.01 or multiple) when the EA applied. Then for every movement up (maybe 10 pips or 15 or 20 or 30 pips) I want to buy again and again the same quantity. For every order I have to give a fixed trailing stop loss (may be 10 pips or 20 pips etc..), so that every buy positions stop loss triggered on a certain point and all my positions will be sold when the stop loss trigger. After hitting stop loss, the process of buying will again start only when the price move above last high price.
For eg. When I applied the EA to AUDUSD, automatically it will buy the specific lot (eg. 0.01 lot) at the current price 0.74800 with a specific trailing stop loss (for eg.15 pips).
then the market move up to 0.74900, it will again buy 0.01 lot. Then the market move up to 0.75000, it will again buy 0.01 lot. (all have same trailing stop loss of 15 pips).
after all this, market went up to 0.75050, hit the high and from there it moved down, when it reach 0.74900 all the positions trailing stop loss hit and all closed as the market gone down 15 pips from high.
After this, market went up to 0.75051, it will buy 0.01 lot (as the price crossed 0.75050), then the same process continuous.
EA Pyramid for Bear Periods
This is just opposite to the above EA, as it will sell a specific quantity all the way down with a trailing stop loss.
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