Hi,
This is auto Fibo Phenomenon. Where there is target 3. If there is uptrend till target 3 will be achieved and it may go above target 3. So I would like to get 4 lots.
1. If Buy entry is pop up. It should buy at that entry without any hesitation (immediately - the market value).
(i) Target 1 should be achieved once it reaches the value. It should sell 1 lot at that point.
(ii) When Target 2 is reached it should sell another one lot. as follows for target 3.
(iii) If the candle is going beyond the target 3 then HH the one last lot should be sell.
Stop Loss or Exit:
(i) The stoploss already defined in MQ4. The exit of lots:
If suppose the Target 1 is achieved and the other targets is not achieved (ie Close price below target 1) All lots should be sell. No more lots should be in remaining. If goes up no worries. (Optimize as possible)
(ii) If suppose no targets achieved then stop loss should be hit.
Sell:
(i) Sell as defined for the buy applies the same.
Condition 1: buy/sell 4 lot
(i) buy/sell target 1 - 1lot
(ii)buy/sell target 2 - 1 lot
(iii)buy/ sell target 3 - 1lot
(iV) buy/ sell target 4 (High high) - 1 lot
Stop loss = 4 lot
Condition 2: open candle buy/sell= Close candle buy/sell = Next candle buy/sell
I have attached the mq4 and the template. Hope there is not much coding is needed. Just convert this into the EA (robot auto buy and sell from MT4 to our terminal) directly it is NEST Trader (Zerodha). If it is not possible please let me know.
Regards,
Sangeetha
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