I need EA for my strategy I trade manually
ENTRY:
Options
for parameters:
-
Start time :
- time frame option for the
new day opening candle (M30, H1 .....)
Open LONG trade :
- at
price above FIRST candle Open
(00:00)
OR
- at
price above FIRST candle( started at 00:00) High
Open SHORT trade :
-at
price below FIRST candle Close (01:00 if time frame is H1)
OR
- at
price below FIRST candle Low
Risk
management: EA has to calculate lot size for the first entry. It has
to have options for parameters such as :
-account size :
-risk
in % :
- if
sl is X in pips :
those parameters are settled manually.
For
example: account 5000, risk 5% if sl=100, then
lot size for the firs trade is 0.25lot
...................................................................................................................
TAKE
PROFIT :
-
Option In pips
OR
-
Option in currency
-
EUR
-
USD
............................................................................................................................
STOP LOSS
:
-when
the candle Close at price higher then higher highs ( if short)
or lower then lower lows ( if long)of
the same trading day.
-Open
new oposite trade after stop loss
- time frame option for
candle close ( H1 M30, H4)
Money Management
is very similar to Martingale. The difference is that stop loss is not the
constant size. The profit must stay the same size in pips and amount in money as was set in the first trade.
For that reason lot size has to be recalculated all the time before entering
market.
For
example: The first Opened trade 0.1lot T/P 30 pip (30 usd) If S/L -40 pip, open new trade 0.23 lot T/P 30 pip (69 usd) if it takes Profit then 69-40=29 usd it is ± 30 usd
Supose, the next S/L is -25 pips then to get
30 usd in 30 pips lot size is 0.29 lot
S/L
from the first trade is -40 from the second trade is -57.5 , so the third lot
size to get ±30 usd is 0.43 lot t/p 30 pips ( 129 usd) If it takes T/P then 129usd – 40-57.5 =
31.5 usd
IMPORTANT:
If
there is no Take Profit nor Stop Loss taken the same day as trade was opened, then
STOP LOSS is an oposite entry signal of the next day. All rules are the same as
the first opened trade except lot size which
has to be recalculated according Stop Loss.
EA stops working after Take profit and starts next
day at time is set.
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