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Execution time 3 days
Develop an EA that uses an indicator to open trades. The EA is to have MM which will calculate the lot size in one of two ways. The first is by a multiple of the previous trade size or the second is by linear increase i.e to keep adding a number x, say 2 lots each trade etc. These will be until the desired total pip value is achieved, another words we will require a total pip amount as profit. I say this because sometimes it will have opened several orders and will be compounding until the pip value wanted is achieved. When this pip value is achieved close all orders and start again.
Several things need to be consider:
1) Never start at the first bar when the EA is loaded
2) The EA is never to open two trades at the same bar
3) I need a MM where the first trade size can be as a percentage of the margin available, and the other trades to open after the first will be based on the lot multiplier or linear increase as required as specified above.
4) All trades will be closed when the pip profit is reached.
5) The EA will open trades according to the indicator given which will give long and short trades positions
Any questions please feel free to ask.
Thanks
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