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Rules
Job finished
Specification
Create Simple Grid Martingale Limit EA
This is the development of the beta version more development and budget would be allocated to the EA in V2.
Settings
- Number Of Grid Levels
- Basket Length
- Multiplier
- SL % (For each basket)
- TP % (TP when profits reach % of account balance)
- TP Pips (Pips from breakeven level)
- TP ATR (X number of Daily ATR Pips away from breakeven level)
- Breakeven Pips
- Partial On/Off
- Partial Basket %
- Partial Pips
- Partial ATR (X number of Daily ATR Pips away from breakeven level)
Functionality
- Automatically place limit orders at the different grid levels.
- Lot sizing would be based on the will be calculated based on the “SL% Per Basket” setting.
- Drag and drop entry and stop loss functionality on the chart for better usability.
- GUI to measure current floating P/L and breakeven button.
- 3 Types of TP if both are used simultaneously, the TP closer to price would be defaulted to.
- Breakeven function when the price has traveled X amount of pips from breakeven level.
- Partial function to close % of entire P/L when the price has traveled x amount of pips from breakeven.
3 Types Of TP
- TP % = Closes all trades in the basket if total floating p/l for basket reaches % of account
- TP Pips = Closes all trades in the basket if price has travelled over x amount of pips from breakeven point
- TP Pips = Closes all trades in the basket if price has travelled over x amount of pips (Current ATR x Multiplier) from breakeven point
- Only one buy and sell basket can be open at a single to keep the EA simple
Partial
- Partial On/Off = Enable or disable partial taking feature
- Partial Basket % = Percentage of each basket to close when the price reaches the point to take partials when partials are toggled on
- Partial Pips = Closes percentage of basket defined by “Partial Basket %” when price has traveled x amount of pips from breakeven
- Partial ATR = Closes percentage of basket defined by “Partial Basket %” when price has traveled x amount of pips (Current ATR x Multiplier) from breakeven
