Oscar EA

Description:

The goal for any series of trades is to win just one unit, then start a new series. Each series starts with a one-unit trade. After any win, the next trade is one unit more than the previous trade. After any loss, the next trade is identical to the previous trade. That is, if you lose a two-unit trade, your next trade is a two-unit trade until you have a win, at which point you raise your trade one unit to a three-unit trade.

That is the whole system, except for one stipulation—Never place any trade that would result in a win for the series of more than one unit. In other words, if you win a 4-unit trade, and you are now down only 2 units for the series, you would not raise your next trade to 5 units because of the 4-unit win; you’d only to 3 units, which would be all you’d need—if successful—to achieve a one-unit win for the series.

1 unit = 1 lot

Entry:

• When EA first starts place buy.

• If previous trade wins place same direction trade.

• If previous trade loses place opposite direction trade.

• If previous trade wins increase lot size by base lot size

• If previous trade loses keep lot size the same

• Only follow above rules so long as series does not exceed 1 lot profit. IF it does, make next lot size correct size so that series ends with only +1 lot

Exit:

• Trade hits TP or SL

Settings:

• TP - X pips

• SL - X pips

Lot sizing:

• Lots - fixed/dynamic

• Lot fixed - X lots

• Lots dynamic - X lots per $X in balance