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Hi,
I want an ea with will trade according to preset trading conditions.overall concept is simple but kindly read all the steps carefully to get an idea about what i am really looking for.below is the detail of trading conditions , parameters and settings. I will be working with 5 digit broker.
WHEN TO OPEN THE FIRST POSITION :
Ea will open the first position in the direction of the market when it moves up or down to a given number of pips.this number should be available in settings to edit. Suppose we have set this number to 100 then EA will open a buy if market goes 100 pips high and ea will open a sell if market goes 100 pips down.
Example :
start price : 1.38530
price goes to 1.38630 and ea will open a buy
price goes to 1.38430 and ea will open a sell
FIRST LOT PRICE :
First lot price will be available in settings , i am mentioning first lot price because the price will increase with every new lot.
WHEN TO OPEN A NEW POSITION:
When ever the LAST OR MOST RECENT position is in loss for a given number pips EA will open a new position in opposite direction with INCREASED price. The number of loss pips to open a new position will available in settings to edit.Every time when the most recent position is in loss for given number of pips ea will open a new position.
INCREASE LOT PRICE :
This setting will increase the number of cents for the new position. suppose this value is 8 and the last lot price is $ 0.10 then the new position will be opened with a lot price of $ 0.18 . EA will look for the price of LAST or MOST RECENT position and will increase the price in cents as given in settings.
TAKE PROFIT :
TP value will be set for the first position BUT when ever a new position is opened the tp value for the previous position will be canceled . So the TP will only remain active for the newest position.
When ever a position hits the TP Ea will close all the opened positions and then ea will open a new single positions with rules given for opening the first position.
Hope i am clear here. thanks