Hi, I am currently using a martingale EA, and would like to know whether you could make some adjustments. I need the EA for Metatrader 4.
First of all, the EA will continuously open new positions, either buy or sell.
Please also give initial lot option and auto lot (can be set 0 if I don’t want to use it.)
And give lot multiplier option.
There is fix distance and dynamic distance option, where I can set fix distance up until certain position, followed by dynamic position with distance multiplier variable.
Please give take profit option and also trailing option (can be set 0 if I don’t want to use it.)
Now, the above is a standard one I think.
The adjustment that I want to make is, there is an overlap option, where the overlap can be triggered by certain open positions to be activated, and the percentage profit gained by closing the first open position and last open position.
My request is simple. I want a layered overlaps option.
First: after certain position, the last open position will close the first open position, with certain percentage profit.
Second: after certain position, the last open position will close 2 positions (the furthest ones), with certain percentage profit.
Third: after certain position, the last open position will close 3 positions (the furthest ones), with certain percentage profit.
For example:
In bullish trend, the price will keep climbing with small opportunity returning. Thus it will keep opening sell positions with bigger and bigger lot size.
As I set the overlap at 2 (example), 5th position will close 1st position, and so on and so forth until no position left.
But as the bullish trend is strong, the price keep climbing up after closing the above position, it then keeps opening new positions until 8th position. As I will set the 2nd overlap at 8, the 8 position will close the first and second open positions, with less percentage for profit.
Until say 12th position, it will close 3 furthest open positions for a certain percentage profit.
In this adjustments, it will reduce the risk if the price moves to far away from the first position. Thanks.
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