Double Target Recovery EA

MQL4 Experts

Job finished

Execution time 12 days

Specification

This is a simple trade manager EA which is like Martingale but instead of increasing position size it recovers losses by increasing take profit pips.

When a new position is opened, market or pending, EA will:

Set take profit and stoploss.
If stoploss is hit a second trade of the same size is opened in opposite direction with the same stoploss as the first position but the takeprofit must be x2 the pips of the previous trade.
If this trade's SL is hit then another trade is opened in the opposite dirction, again the the same stoploss but the TP x3 the number of pips as the previous trade.

A scenario:

Trade 1: BUY 0.01, Take profit 10, Stoploss 10.
Closed at stoploss. 
Trade 2: SELL 0.01, Take profit 20 (previous SL x 2), Stoploss 10
Closed at stoploss.
Trade 3: BUY 0.01, Take profit 30 (previous SL x 3), Stoploss 10

Parameters:

First trade:
Take profit
Stop loss

Maximum number of trades

The EA must allow multiple first trades with separate progression of additional trades.

Responded

1
Developer 1
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Developer 2
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3
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7
25%
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509
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29
10% / 45%
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138
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314
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6
50% / 17%
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7
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1332
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680
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25
16% / 60%
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228
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Free
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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
from 1 to 3 day(s)