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I have a strategy based on the 3 thirds London Breakout strategy. However, this indicator has no buffer so it is impossible to use in the state for an EA.
The goal is to reproduce the TP given by this EA.
We check high and low between time and we have buy entry line (High) and sell entry (Low) and also a distance (between the high and low) then all tp will be calculated following the first picture
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then i want this option in the EA :
Buy: Candle that closes at least X pips above the buy line.
Sell: Candle that closes at least X pips below the sell line
Have the ability to choose X value
Target: Possibilities to choose wich TP is gonna be targeted
STOP LOSS :
Buy order: X pips under sell line
sell order : X pips above buy line
One on/off option, that allow the EA to place new order after the first positive one,
Example: price goes under sell line and take a sell order, price reach tp and order is close.
If the price goes to the buy limit and respect buy condition we place buy.
But we can’t have two same type of order consecutive. After a buy we only can have a sell order
Not 2 sell order consecutive
If this option is turning off, the EA don’t take new order after the first positive one.
option 2 : If the first order hits the SL, then the EA will place an opposite trade with a TP equal to the loss
if off nothing happen after the first losing trade
Add risk management option : set a % risk based on SL position to adjust lot size