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REVEREND EA
The EA should fulfil the following
1. If I place let’s say a BUY trade manually, the EA should open a sell trade if the following condition is fulfilled.
a) If the manual trade retraces a certain number of pips (as specified in the input), it should enter a SELL trade.
Example: If my MANUAL BUY trade retrace -5 pips, the RA should open a SELL TRADE.
b) If the AUTO TRADE (AT) retraces back to the entry price, it should close immediately.
c) If the retracement happens again, the EA should open a SELL TRADE again.
NOTE : This activity (c) should happen again and again as long as the price retraces to the set pips/entry and as long as the manual trade is still open.
2. If the SL of the manual trade is, let’s say -5 pips, and it gets hit, the EA should lock the profit of its trade from that immediate point onwards. In case the Manual SL is hit and the price starts retracing backwards, the position should close immediately.
3. BY default, the EA should use the SAME LOT SIZE as the manual trade.
4. The EA should have an option to install only be installed on a single chart, or per chart.
5.
OTHER INPUTS
Retrace pips input(This is for the number of pips the EA retraces to enter an opposite trade.
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