All orders
Rules
Specification
i want to have an simple ea to run on metatrader4 platform
please find the attachment...
concept is :
A SIMPLE CONCEPT OR YOU CAN SAY IT AS A SIMPLE STRATEGY TO MAKE SMALL AMOUNT OF MONEY EVERYDAY WITHOUT WIPPING THE ACCOUNT ….. THE STRATEGY CAME INTO MY MIND FROM AN ALREADY DEVELOPED EA NAMED THE 4XCASH COMPOUNDER ….
SO THE STRATEGY STARTS HERE…
THE EA WILL WORK ON BOTH SIDES I.E., (BUY AND SELL) WITH TAKE PROFIT OF 70 PIPS AND STOPLOSS OF 95 PIPS
THE ORDERS WHICH ARE IN THE MIDDLE OF THE 25 PIPS AREA MEANS AT THE 12.5 PIPS SHOULD HAVE THE TAKEPROFIT AT 82.5 PIPS AND STOPLOSS AT 82.5 PIPS.
AS SOON AS THE EA PUTS AN ORDER OF 0.01 LOT ON BUY OR SELL SIDE IT WILL PUT AN PENDING ORDER OF 0.02 LOT ON THE OPPOSITE DIRECTION AND THE DIFFRENCE BETWEEN THE BUY 0.01 LOT AND THE SELL STOP PENDING ORDER WILL BE 25 PIPS AS PER 5 DIGIT BROKER.
EXAMPLE : (0.01 LOT ON THE BUY SIDE – 25 PIPS DIFFERENCE AND THEN THE SELLSTOP ORDER 0.02)
THE EA WHICH WAS DEVELOPED EARLIER (4XCASH COMPOUNDER ) DID AS SOON AS THE EA EXECUTES THE 2ND ORDER (0.02 SELLSTOP ORDER) IT WILL AGAIN PUT AN PENDING ORDER OF 0.03 LOT BUYSTOP ORDER ON THE 1ST POSITION WHERE THE 1ST ORDER 0.01 BUY WAS EXECUTED AND SO ON …..
TABLE EXAMPLE : (4XCASH COMPOUNDER)
PLEASE DOWNLOAD THE EA (4XCASHCOMPOUNDER) ATTACHED TO THE THREAD REQUEST TO CHECK HOW THE EA WORKED EARLIER
PLEASE DOWNLOAD THE BACKTEST STATEMENT REPORT OF ONE OF MY ACCOUNT ATTACHED WITH THE NAME 4XCASH COMPOUNDER StrategyTester.RAR
YOU WILL GET THE DETAILS ON HOW THE 4XCASHCOMPOUNDER EA WORKED
THE TWIST COMES HERE AFTER THE EXECUTION OF THE 2ND ORDER 0.02 SELLSTOP PENDING ORDER … THE NEW OR MODIFIED EA WILL PUT AN 3RD PENDING ORDER OF 0.01 LOT BUYSTOP ORDER IN BETWEEN THE TWO ORDERS (0.01 BUY AND 0.02 SELL ORDER THAT MEANS AT 12.5 PIPS ) AND AFTER THE EXECUTION OF 3RD ORDER IT WILL OPEN TWO PENDING ORDERS ONE 0.01 BUYSTOP AT THE VERY 1ST ORDER POSITION AND 0.01 SELL STOP AT THE 2ND ORDER POSITION.
SUPPOSE THE 0.01 BUYSTOP ORDER WAS EXECUTED THE NEW OR MODIFIED EA WILL DELETE THE 0.01 SELLSTOP ORDER AND PUTS TWO PENDING ORDER ONE AT THE MIDDLE I.E., 0.01 SELLSTOP ORDER AT 12.5 PIPS WHERE THE 3RD ORDER WAS PUT AND ONE 0.02 SELLSTOP AT THE 2ND ORDER POSITION
NOTE : THE EA WILL PUT ONLY THREE ORDERS OF 0.01 LOT EXCLUDING THE VERY 1ST 0.01 BUY ORDER AND THEN THE EA WILL INCREMENT THE LOT SIZE BY 0.01
EXAMPLE :
ORDER NO. SIZE(IN LOTS) TYPE PRICE
1 0.01 BUY 1.33134
2 0.02 SELLSTOP PENDING ORDER 1.32884
2 0.02 SELLSTOP PENDING ORDER EXECUTED
3 0.01 BUYSTOP PENDING ORDER IN THE MIDDLE AT 12.5 PIPS
3 0.01 BUYSTOP PENDING ORDER EXECUTED
4 0.01 BUYSTOP PENDING ORDER AT ORDER NO.1
5 0.01 SELLSTOP PENDING ORDER AT ORDER NO.2
SUPPOSE THE 4TH ORDER IS EXECUTED
4 0.01 BUYSTOP PENDING ORDER EXECUTED
5 0.01 DELETE THE 5TH ORDER NO.
6 0.01 SELLSTOP PENDING ORDER IN THE MIDDLE AT 12.5 PIPS
7 0.02 SELLSTOP PENDING ORDER AT ORDER NO.2
6 0.01 SELLSTOP PENDING ORDER EXECUTED
8 0.02 BUYSTOP PENDING ORDER AT ORDER NO.1
8 0.02 BUYSTOP PENDING ORDER EXECUTED
9 0.02 SELLSTOP PENDING ORDER IN THE MIDDLE AT 12.5 PIPS
9 0.02 SELLSTOP PENDING ORDER EXECUTED
10 0.02 BUYSTOP PENDING ORDER AT ORDER NO.1
7 0.02 SELLSTOP PENDING ORDER EXECUTED
10 0.02 DELETE THE 10TH ORDER NO.
11 0.03 BUYSTOP PENDING ORDER IN THE MIDDLE AT 12.5 PIPS
12 0.03 BUYSTOP PENDING ORDER AT ORDER NO.1
11 0.03 BUYSTOP PENDING ORDER EXECUTED
13 0.03 SELLSTOP PENDING ORDER AT ORDER NO.2
12 0.03 BUYSTOP PENDING ORDER EXECUTED
And so on…..
NOTE : THE EA WILL PUT ONLY THREE EXECUTED ORDERS OF 0.01 LOT EXCLUDING THE VERY 1ST 0.01 BUY ORDER AND THEN THE EA WILL INCREMENT THE LOT SIZE BY 0.01
HOPE THE ABOVE TABLE EXAMPLE EXPLAINED WHAT I EXACTLY WANT THE EA TO BE DEVLOPED.
I have also created an excel sheet named work application and attached it with other downloads to get to know an approx estimation how much profit will be given by the ea without wipping the account balance.
The main concept of giving the order in the middle of the first two orders is just to equalize the balance if the market condition keeps meandering in the 25 pips kill zone.
To be very frank I have already lost an good amount of money with the 4xcash compounder ea, but I know if the strategy which I explained you above will work then definitely the modified ea will give a good monthly return…
if any further help needed from my side regarding the ea concept please email me...
if any doubt is there please ask me.....
Please see to it …. Hope to hear from your side very soon….
Thankx in advance…..
email id : bharatunion@gmail.com