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I would like to use it on M1 while getting RSI from H4.
open buy order if RSI>50 and open sell order if RSI<50.
please have a setting for a lot size calculation, default is 1000 USD per 0.001.
we will open 4 orders for each order group.
each order group must have a distance.
we will have to set the distance from each order group.
first order has no SL if the market goes the same ways as 1st order and reach 20pip+ (example) then place SL at 1st order's BE
after that open 2nd order with no SL. If the market still goes the same ways as our orders then place SL for 2nd order at it's BE and move 1st's SL to 2nd's BE
and open 3rd order with SL, 3rd's SL will be at 2nd's BE. So, if market go against us we will not loss.
if the market still goes with us we open 4th order and move all SL to 4th's BE.
After this, if the market reverse on some pips we close the active order group.
The EA also have to check if there's any order of other order group that can cover with profit from active group then EA must close that order as well.
If there's many order from other group, we choose just to close if the profit can cover it loss.
if the market go against the 1st order, the EA will wait till reach the distance we allow to create new order group.
Please separate setting for a distance of order 1-4, it may not always 20. 3-4 may be more or less.
Any question please feel free to let me know.
Thank you in advance