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Please message me for more details. It is a simple strategy, hopefully programming the EA will be just as simple.
The EA will at 0810 GMT Place a pending order BUY stop and SELL stop 3 pips outside of the GBP/USD price movement range from 2100 - 0800 GMT (changeable depending on US daylight savings time).
The take profit level will be the amount of pips the currency pair moved during the 2100 - 0800 GMT time frame. (ex. 38 pips) If buy stop is opened at 1.2500, then take profit will be 1.2538.
The stop loss for the pending order BUY stop will be the entry level for the pending order Sell stop. The stop loss for the pending order SELL Stop will be the entry price for the pending order BUY stop.
Next - if a buy stop is opened for 0.10, then the EA will change the sell stop pending order from 0.10 to 0.20 in case the open BUY order does not hit its take profit level. If the BUY order hits it's stop loss and the Sell order is opened, then a new pending order BUY stop is set with the same parameters as the first buy order but this time with a 0.40 lot size. The EA would continue this martingale strategy until one of the take profit levels are hit.
-Brian
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