All orders
Rules
Job finished
Specification
The core strategy on this EA is still using Scalping. The EA also will have anti-scalping and Hedging.
First Order:
Aggressive mode:
Once RSI Meet, order open for Buy and sell
Order with profit will TP once meet the Step to second order for the negative profit order.
Normal Mode:
Once RSI Meet, order open for Buy or sell, 1 direction only.
Need to have 2 mode of trading available for first order,
Fast mode: RSI meet, Order Place
Slow Mode: RSI meet, Order place on subsequent candle open price.
Anti Scalping Order:
Start once 3rd scalping order place.
TP once Meet step to 4th order and end by First hedging order trigger.
Hedging order
Once max trade of Scalping reach, Hedging order will trigger.
Lot Size:
First Order: 2 option
Need to have money management capability on auto increase lot size by balance/Equity increase. Must able to set X lot per Y Dollar.
We key in a lot size.
Need to have 2 mode for lot size management on second order and subsequent order.
Add on Lot size or Multiplier for Scalp Order.
For Anti Scalping lot Size, It need to have 2 type,
Average lot size of all open Scalp order
Average lot size of 2 previous scalp order.
For hedging order lot size,
Enter Order of First Hedging is
Opposite Direction with current Scalping, if current Scalping order is Sell, Lot size formula as below
(Total Sell – Total buy)*2 – Average total Open Sell order lot size
When market Re-bounce after Hedging order trigger, Anti hedging order will place per Step that we fix.
Same Direction with Current Scalping
(Total buy – Total Sell)*2
Take Profit:
Will take profit by PIPS/ Value. 3 level of profit
Have initial order Profit.
Scalping profit
Hedging Profit
Determined by total Scalping direction order total lot size multiply by number of Pips desire to earn.
Example:
Total Sell lot size is 0.07, Set to take 10 pips, means Profit value is USD 7.
Scenario sample as below
Order Trigger Indicator: RSI (14)
Upper: RSI 70
Lower: RSI 70
Enter Order:
RSI meet, Order trigger
Eg:
Max trade 1: 5
Step: 30 pips
Multiplier: 2
Start Lot 1: 0.01
Order #1: Sell at price 1000, Lot size 0.01
Order #2: Sell at price 1030, Lot Size 0.02
Order #3: Sell at price 1060, Lot Size 0.04, buy at price 1060, lot Size is an average of total previous 2 Sell lot size, Round(Average (0.01, 0.02),2) = 0.02
Order #4: Sell At price 1090, Lot Size 0.08, Buy Order at 1060 will TP, buy at price 1090, lot Size is an average of 2 previous Sell lot size, Round(Average (0.02,0.04),2) = 0.03
Exit order:
Base on Value:
Determine by total Scalping direction order total lot size multiply by number of Pips desire to earn.
Example:
Total Sell lot size is 0.07, Set to take 10 pips, means Profit value is USD 7.
First Order can set different Profit Point in value.
Enter Order of First Hedging is
Opposite Direction with current Scalping,
(Total Sell – Total buy)*2 – Average total Open Sell order lot size
Same Direction with Current Scalping
(Total buy – Total Sell)*2
Eg.