Simple Grid system tradng using Orders

The following specification is intended to clarify the work scope and form a reference for the programmer to work to.

The general Principle is to have orders placed 5 pips(var) above and 5 pips(var) below the opening price of the time period.

The orders will remain open till they one or other of them are filled.

All the orders will be opened with a TP and a SL specified in the input variables table

Once an order opens a trade – the remaining order is closed and two new orders are placed at the appropriate distance above and below the opening price and all remaining orders on this chart should be closed at this time.

Trading will continue in this manner till end of trading hours – at the occurrence of end of trading hours= true all active orders will be closed and the EA will be inhibited from opening new orders but will remain in control of the last open trade till it is closed for either SL or TP.

Dollars TP target is calculated as Equity - Balance = TP achieved

Dollars SL  target is calculated as Balance – Equity = SL achieved

Variables

The final list of variables will be determined by the programmer however for guidance we have included a list which might be a good starting point. Please use names that are meaningful without being excessively long.

End of variables table

Chart display modes

All variables to be shown on the chart in a compact display at the top left of the chart

 See attached files also