Martingel Hedge EA

Please note: if you are to do this job, you have to agree with me that you clearly understands the description before we can start.

 You will connect me on whatsapp or telegram for easier communication and to solve whatever issues you may come across while doing the job. Access to zoom or Team will also help.

The above will us so we will not waste much time on the job.

The time and candle channel, and Martingale EA.

 The EA will work based on selected trading time, high and low of the SIGNAL CANDLE.

The detail functions of the EA

If the EA is attached to the chart, the EA will start placing buy/sell orders at the High or the low of the candle that closed before the starting time candle.

·       If the EA open buy/sell order and the price move down by 10 pips step, then the EA should open a new sell order with increase lot and if the price reverses from the last open order then EA should open new order with increase lot.

·       The EA should only open new orders within the range of the Signal candle

·       The EA should always open order at the high or low of the signal candle.

The EA should not open any orders above the high and below of the signal candle.

  Starting a new order

There should be option for the EA to start a new trading order if the last set orders closed on TP.

 If the EA close orders at the TP, then the EA should consider the candle which the last order hit TP as the new signal candle, therefore if the next candle opens and the current price is equal to the high or low of the new signal candle the EA should start placing new orders.

The Signal candle range option

The EA may use any signal candle if the signal candle range in pips is less than a certain pips..

Also if the supposed to be signal candle range is more than certain then the EA should not use that signal candle but use the next candle if the pips range is less than certain selected pips.

Losing order closing condition

The EA should close all open sell orders at the high of the signal candle.

The EA should close all open buy orders at the low of the signal candle.

Close Profit orders

The EA should close all profiting buy orders at the TP above the High of the signal candle.

The EA should close all profiting sell orders at the TP below the Low of the signal candle.

If the signal candle range is not up to 10 pips then the EA should automatically set the TP as 10 pips.

Also the EA can close all order by default set TP (Default TP is the TP manually set by the user.

TP calculations

To set the TP, the EA should calculate the pip range between the high and low of the signal candle, for example if the pips from the low to the high is 10 pips, then TP should be 10 pips above the High or 10 pips below the Low of the signal candle.

Reverse scenario

The EA should placing opposite orders with added lot if the market price should reversed by a certain pips (e.g. 10) from the last opened order

Options

TP

SL

Close all profiting at the any tp or individual tp

Daily TP target. (The number tp will take daily)

Drawdown limit. (This is maximum drawdown % for the account, and then EA will close all open orders)

Expiring period. (The user can set the expiring date of the date)

Add lot/Multiply lot (chose to either multiply or

Starting lots.

Increase lot.

Opening Time

Signal Candle Range

Current balance Lot %: ( if selected, the EA should set a dynamic lot on certain % of  current balance, for example if the current/new balance is $1000 the EA chose 2% of $1000 =2, so the new trading lot will be 2 lots)

Close all open orders daily.

Initial deposit profit % (this means if the account has made profit of certain % of the initial deposit the EA should close all the open orders)

Order Steps