All orders
Rules
Job finished
Specification
I would like to build an ea with 2 - 3 parts included
Entry Method
1. It will marked high and low of of the day which the market is choosen
2. It will create an entry based on the opening of wednesday
3. If Its inside of the marking zone it will be buy / if above of the marking zone it will be sell / below the marking zone it will be sell
4. Will enter into the market directly once the first wednesday candle opened
5.Green Line is the entry point
Take profit Opposite of stop trailing / profit trailing
1.We will be using opposite trailing profit method if market goes to the opposite direction.
2.We will set a constant tp in the EA which could be changed accordingly to the market requirement
3. The Take profit point will changed accordingly to the negative market movement
example
1st
Take Profit = 100 pips
market move agains the position 40 pips
The take profit point will go down 60 pips
2nd Take Profit = 100 pips
Market Move againts the position 130 pips
The take profit POint will go down - 30 of the entry.
Stop Loss
Stop Loss will be determind manually by the user
Additional Entry Mechanism EA 2nd file
Market might keep going against the Entry Position so we will need provide a 2ndary management for the ea
1. The additional mechanism will be able to set another buy stop or sell stop when the market goes against the position
Example
1st buy entry at 100.390 the market move of into a bear trend of -50 pips
2nd this system will enter a buy stop at -25 pips and the lot is predefine at 1.5 times of the 1st lot size
3rd the bear trend continue to go down to -75 pips and the system will do another pending buy stop order at -50 pips
it will not entry if the market is moving towards a positive trade.
Please pm for more information