Tarea técnica
I have a simple EA that was built using EAbuilder software for trading the London Open. At the open, a pending buy and a pending sell order is entered just above and below the range prior to the open. The pending orders have a fixed take profit and a fixed stop loss. When one trade is triggered the other pending order is cancelled.
I want to modify this EA to limit the downside by adding the following(smart/modified martingale) –
- When a trade goes to a loss of x pips (an input) a second trade is entered in the same direction that is 1.5 times (also an input) larger than the first trade.
- When the price pulls back all trades are closed when the total of both trades is in profit ( the profit amount is also a variable in pips)
- If the trade goes further into loss past the second trade of x pips (same input value) then a third trade is entered as before 1.5(input) times bigger than the second trade.
- When the price pulls back all trades are closed when the total of all three trades is in profit ( the profit amount is also a variable in pips)
- The process is repeated entering more trades as price goes against the first trade up to a maximum number of trades(an input)
- Can we have an option to trail the profit amount, via the closing price for all trades once it reaches a set level of profit
- After any of the trades are closed for a profit no further trades are entered until the open next day
- A trailing take profit on the first trade would be good. At the open there is reasonable momentum and so often a few extra pips can be had by tightly trailing the price.
- looking for an uncompiled .mq4 file so I can see what's going on
- Anything else you can think of?
Cheers
Don
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