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Specification
Hi, please read the description and advice about the capability of creating this ea
1-the ea will draw a regression channel based on zigzag high and lows
2- the 1st candle to break out of the channel is the candle we will use to do all the callcolations ....
3- the EA will draw reversed Fibo from the break out candle high to the lowest price inside the regression channel
4-the ea will measure the pips range between 161.8 and 423.6 for example lets say there is 100 pips between the two levels
5- the ea will start place pending orders between these two levels ... lets say the ea will open 4 pending orders in those 100 pips which means there will be 25 pips gap from each other ... the 1st pending order will be at the level 161.8 and the and the 4th order will be at 423.6 level
6-1st pending order will be 0.01 the 2nd order will be 0.02 and the 3rd will be 0.04 ..etc
7- all the pending order has a TP of the pending orders gap X 1.5 ... for example our pending orders gap was 25 pips then the orders TP is 25*1.5
8-only the last pending order which is on level 423.6 has a SL of (the gap Value) which is 25 pips in this case.
9-the ea must have only 1 executed order ... thats means if pending order 2 is executed then the ea will close order 1 on lose.
10-if an order reaches the TP level the EA will delete all the current remaining pending orders.
11-if the last excuted and reached the SP ... then the ea will wait for a next channel to be broken then place new pending orders but in this case the pending orders amounts will continue to multiply ... for ex the previous channel order No.4 was 0.08 lots and closed on SP ... so the new channel pending orders 1st order will be 0.16 lots and the 2nd will be 0.32 ..then 0.64 then 1.28 lots on level 423.6 ... if the new pending orders have a smaller TP value than the previous channels orders then the EA will use the previous TP value ... EX the previous channel orders TP was 25 ... the new channnel orders tp is 20 .. then the EA will use the higher TP value which is 25
exported parameters:
1-Number of pending orders between the two levels
2-1st order value
3-martingale percentage
4- ability to define the 1st fibo and 2nd fibo level
5- TP percentage of the gap (the default was 1.5 of the gap value)
6-ability for the EA to add trailing stop (For testing)
7- Zigzag indicator pramaeters
EA will execute every new candle not every tick for faster test plz
Thank you all