Modification request

MQL4 Experts

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Specification

Latest modification request

Montiero_vs_time_trading_ea.mq4 (modify this)

Former:

If stop loss is reached 1st, an opposite position with double amount of lots 
is opened with the same stop loss and take profit.

This process continues until take profit is reached and the process starts over
as indicated by the number of "cycles".


Modification:

If the stop loss is reached 1st, an opposite position is opened with the "stop loss" and "take profit"
amounts doubling, but the lot amount stays the same.

This process continues until take profit is reached and the process starts over 
as indicated by the number of "cycles"

Example:

(formerly)
- EUR/USD open buy position of .01 lots, take profit 10 pips, stop loss 10 pips
- If stop loss is fulfilled 1st,  open sell position of .02 lots, take profit 10 pips, stop loss 10 pips
- This is continued until take profit is achieved.
- The cycle is repeated as dictated by "cycles"

(modification)
- EUR/USD open buy position of .01 lots, take profit 10 pips, stop loss 10 pips
- If stop loss is fulfilled 1st,  open sell position of .01 lot, take profit 20 pips, stop loss 20 pips
- If stop loss is fulfilled 1st,  open buy position of .01 lot, take profit 40 pips, stop loss 40 pips
- This is continued until take profit is achieved.
- Lot amounts DO NOT double, "take profit" and "stop loss" amounts double.
- The lot amount is determined by "Base".
- The cycle is repeated as dictated by "cycles".
- All the other parameters (ie: base, cycle, time settings, etc.) will remain the same.
- However, I need to be able to set the "take profit" and "stop loss" intially.

Let me know if you need more clarification.

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