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Trading Robot Order (MT4 platform)
Actions
Opens first trade as soon as the latest day high is breached by 5 pips (Criteria A) points.
First buy trade for 1 GBP is opened (take profit 25 (Criteria B) stop loss 10 (Criteria C ). As soon as take profit is triggered it immediately opens another buy trade with the same parameters and so on following the upward trend. If the trend starts to reverse let’s say drops 50 pips (Criteria D) from the latest day high, then it executes sell trades with the same parameters on the way down.
If it’s a downward trend on autotrade activation, opens first trade once day low is breached by 5 points then same pattern only with sell orders – up to a reversal point.
Important information
Aim is to take profit little and often whilst minimising losses
Will use this on S & P 500, Tech 100 and Dow 30 indexes.
Criteria A,B,C,D need to be configurable by me so I can change the take profit, stop loss, value of trade and reversal pips so will need notes on how and what to change - will run in test environment and tweak myself as necessary.
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