DYNAMIC-GRID

DYNAMIC-GRID EA

  The EA works on Short (sell) or Long (buy) or both simultaneously. 

                1 - Checking (condition): The EA checks that there are no open and pending Buy orders to start.

Then (=no open or pending orders):

                2 - The EA opens a Buy position at the market price, with the TP (take_profit) and SL (stop_loss) - in pip - as initially set by the user.

                   - The size of this order (first_lot) is set by the user input.

                3 – The EA places the pending orders according to the quantity predefined by the user (max_pending)

                   - All orders are spaced by the same number of pip (space)

                   - Each new order has a size double that of the previous order, calculated by the EA.

                4 – When a pending order is confirmed, the EA changes the TP and SL of the other open orders, with the same value as the TP and SL of this new order.

                5 – If the TP (or possibly the SL) is reached, the EA cancels all pending orders, if any, and loops.

                NB. When there is no opened or pending order the EA restart.

Same procedure in opposite direction.  

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  User Input         

first_lot (size)                   Qty

max_pending                     Qty

sell                                   Y / N

buy                                   Y / N

space                                Pip

take_profit                        Pip

stop_loss                            Pip

magic_number                                123xxx