Job finished
Execution time 35 minutes
Feedback from customer
Hi programmers!
Please I need help with a strategy to an ea. I will do my best to outline the requirement below:
I want an ea based on the keltner channel. the conditions for trade are as follows.
BUY CONDITION:
1. open buystop order (e.g. 1 lot) when price is x pips above keltner channel.
2. if trade is OP_Buy and in profit....close trade when price is x-pips below keltner channel and then place sellstop order immediately
3. if trade is OP_Buy and price is x-pips below keltner channel but trade is in negative, place double sellstop order (1 lot*2) without closing the negative trade. the aim is to hedge trade while working towards profit.
4. if if trade is single OP_Buy and double Op-Sell but price go above keltner channel by x-pips, trade is still not in profit open treble buystop (1 lot*2)......this cycle should continue till total trade is in profit. then close trades on next signal and start cycle all over again
5. In a situation where a profit target is set and achieved, pause trade until new signal is generated. in case a trade is closed prematurely....do not place another trade till new signal appear
SELL CONDITION:
opposite of buy condition
THE LOGIC IS SUCH THAT TRADES ARE TO BE CLOSED ONLY IN PROFIT WITH MARTINGALE HEDGE
MONEY MANAGEMENT:
Roy Jones ratio must be used to set MM such that lots are increased for every N increase in profit or vice versa
FOR THE PURPOSE OF OPTIMIZATION, THE FOLLOWING MUST BE DECLARED AS EXTERNAL VARIABLE
keltner channel value;
stoploss (with option of true or false)
take profit;
trailstop;
mm (with true or false option)
fixed lot
minimum and maximum lots
spread +commission.
Do not let me know if you could be of Help.
Thank you
Responded
Arbitration
145
17%
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41%
Arbitration
114
45%
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25%
Arbitration
147
18%
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72%
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