Hi There
I am thinking about a nice strategy. And I want to make an EA of this
strategy. Here is how my EA should work-
Step 1: When I will attach the EA to a chart it will open a buy order
with specific lot size, stoploss and take profit on that chart.
Step 2: At the same time it will also place a sell stop order at a
specific price with double lot size, specific stoploss and take profit
but this time lot size will be doubled from previous buy order.
Step 3: If the sell stop order got opened EA will repeat the place a buy
limit with same stop loss and take profit as buy order. But it will
double the step 2 lot size now.
Step 4: If step 3 buy limit order got opened EA will place a sell stop
again following previous sell stop order stop loss and take profit.
And the process will be continues until take profit or stop loss got
hited.
Note: In every step EA will make the lot size double from the previous.
For better understanding of this whole strategy you can read the following pdf
book. Remember you have to make the EA as it said on the following pdf. BEST OF LUCK
http://www.forexfactory.com/attachment.php?attachmentid=1057226&d=1350048161
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