Hi dear coder.
The logic for this EA is to follow the trend without any analysis.
For example Gold/Usd spot is trading at 1287$ per ounce currently. The ea will set buy stop orders above the price in distances of 10$ each; at 1290 - 1300 - 1310,.. and sell stop orders below the price with same 10$ distances at 1280 - 1270 - 1260,.. all orders have the same minimal volume of 0.01 lot (adjustable)
Former was the entries to trades.. that is selling only below the current price (at any time) and buy only above the price (at any time)
Exits are just as simple as entries:
In case of rise: buy stop stage 1 opens, distances are 10$. stop loss of first trades sets at 5$ distance (half the step). price continues up, opens stage 2, immediately stop of trade number 1 and 2 jumps 10$ up and stays there till level 3. meaning trade 1 entry at 1290 and trade 2 at 1300 once trade 2 opened stop loss of both trades sits at 1295$. in case price continues up without catching the stop losses to stage 3 at 1310 and 4 at 1320 and so on.. at each stage the stop loss of all previous open trades jumps to 5$ below the most recent opened position.
Same rules apply for the sell stop orders as well.
At any time or price the stop losses are taken, new pending buy and pending sell orders are to be set above and below the most recent market price at same 10$ distances.
The distances for each pair and times to stay away from the market are to be modified.
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