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Hi, I’m looking for a developer who is familiar with the martingale forex trading strategy who can build a simple EA that I can download into my MT4.
1. FIRST POINT
Normally, with the Martingale strategy each and every trade position will double in lot size. For example: 0.10, 0.20, 0.40, 0.80, 1.60, 3.20, 6.40, etc.
But, for my strategy I do not want the lot size to double. I only want the lot size to increase by the value of the first initial trade. For example: 0.10, 0.20, 0.30, 0.40, 0.50, 0.60, 0.70, 0.80, 0.90, 1.00, 1.10, 1.20, etc.
As you can see each new trade position only increased by a 0.10 lot size which is the first initial trade that was opened manually.
Which brings me to my next point.
2. SECOND POINT
I do not want the EA to initiate any new trades first. I want it where only I can open the first initial trade manually, and then the EA is activated afterwards.
After I open the first initial trade the EA can then place other buy and sell positions in the same currency pair if needed.
I also do not want the EA to close any trades as well. I want it where only I can open the first initial trades manually, and only I can close all trades manually.
3. THIRD POINT
Also, I need the zone recovery distance between the reversal trades to be exactly five pips. In order for my strategy to work it must be precisely a five pip distance before a reversal trade is triggered.
If it was 4 pips, or 6 pips my strategy wouldn't work. It needs to be exactly 5 pips. Nothing more, and nothing less.
4. FOURTH POINT
THE EXAMPLE:
So now, I will give you a great example of how the whole process will look like.
Let's say one Tuesday morning about 8:00am I'm looking at GBPUSD. And I think the market is about to go up.
So then, I manually place a buy trade at the price of 1.38150 with a lot size of 0.10.
It goes up for a couple of minutes and then it begins to drop. It drops down 5 pips from the entry point. Down to 1.38100.
Once it reaches 1.38100 the EA will then place a sell trade at 0.20 on GBPUSD.
After awhile it reversed again and started to go back up. It finally went back up to the entry point of 1.38150.
Once it reaches back to the entry point of 1.38150 the EA will then open another buy position at 0.30 lot size.
And then 15 minutes later it went back down 5 pips under the entry point again.
It went back down to 1.38100.
When it gets back there the EA will open another sell position at 0.40 lot size.
If it goes back up to the entry point of 1.38150 again then the EA will place another buy trade at 0.50.
Then after that if it goes back down to 1.38100 then the EA will place another sell trade at 0.60. And so on..............
Up to a maximum of 20 open trade positions by the EA.
Now, none of the trades will stop running until I decide to manually close all the trades. Once I am satisfied with the results I then will close all the trades manually.
If I decide to manually open a trade on another currency pair the process is still the same. I don't need the EA for anything else.
Notice how the distance between 1.38150 and 1.38100 is exactly 5 pips.
That's crucial.
All I want the EA to do is open and place various trade positions on the same currency pair as my initial trade, or trades that I will first open manually.
I need the various trade positions to go back and forth in opposite directions if after my initial trade begins to go against the original direction I anticipated.
I need it to operate like that for the purpose of hedging my account because I am a person who doesn't like using stop losses.