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I'm looking for a strategy where I can specify two points, such as Point A and Point B, which could be based on today's high/low or yesterday’s high/low, etc. I should have the option to define these points. The system should execute a buy order when the price goes above Point A, with the ability to set a target in percentage or points, as well as a stop-loss. Similarly, when the price drops below Point B, it should sell, with the same target or stop-loss configuration.
If a trade hits the target, trading for the day should stop once a profit is achieved. However, if there's a loss, the system should reverse the trade with double the quantity for the same target. Additionally, I want to be able to set a specific time frame to stop and start the auto-trading. Currently, I only want this strategy applied to gold and oil.
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