I've attached the main word document explaining the EA and an excel with the panels and buttons necessary for EA. Please read all the comments added to many cells on the excel file for clarity.
I already have a previous version of EA which doesn't keep stop out location constant
Strategy Outline:
EA will trade using Martingale or
grid techniques. Trades will occur as
series. User indicates on panel whether
EA will buy or sell. An opening trade is
made in a series. For this example we
will use buy as the trading mode. After
EA buys if initial trade becomes unprofitable, EA will open more trades of the
same currency pair in the same direction at different points determined on the
control panel. These points will be
referred to as BM (buy more) lines. If
trade becomes profitable, once profit is secured as value reaches the point where
with trailing enabled trade can’t make a loss anymore, a second series is open
and then a third and a fourth as each series secures its profit. Series that secured profit (we will call
these profitable series) before crossing a BM line will only ever have one
trade as each new trade open is a new series.
Series can be open simultaneously and only the last series opened won’t
have its profit secured (we will call these unprofitable series). This last series is initially unprofitable but
can eventually become profitable. There
will always only be one unprofitable series open as well as any amount of
profitable ones. Profitable series are
ones which TP line + trailing distance is passed. Unprofitable series are ones where TP line +
trailing distance hasn’t been passed.
*This paragraph is the same as the first one on Word document
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