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Hi there, i have a new EA i need built please. Start Fresh and forget all my other EA's
so Buy and Sell on a EMA Cross = set in the inputs
EA Buys on cross and sells on a cross, the EA will close all buys on a bearish cross and close all sells on a bullish cross
now here comes the money management bit, we need to work out the average ticks / pips on our pair = so for that we take the high and low of the past 5 days and divide it by 5 days which will give us the daily average tick = N
each Trade will have a trailing SL set @ 1.5 times N
each trade will open every 2 times x N in the direction of the trend as it continues trailing the SL on each order as above - so they will only close on an opposite cross or it hits the trailing SL
Input should be set for risk % = R
Lot size is to be calculated like this = if i put in risk box 0.25 (which is a percentage) i want the equity x 0.0000025 = the lot size (rounded if has too many decimal points so in theory 5000 account x 0.0000025 = 0.0125 which should be rounded to 0.01 and 10k would be 10000 x 0.0000025 = 0.025 which should be rounded to 0.03 lot size
Trades lot size should be doubled until we hit 4 trades then keep the same size for 5th and more - so example
Account = €10000 = Risk = 0.25%
Trade 1 = 0.03
Trade 2 = 0.06
Trade 3 = 0.12
Trade 4 = 0.24
Trade 5 = 0.24
Trade 6 = 0.24
and so on
If possible or you have already i would like an information screen on the chart to show how many trades open, total running profit/loss, Balance, Equity and the Average Daily Ticks, size of total lots open and what the starting risk is (And anything else you might think is good to add? )