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Hi All,
I am looking for existing EA script to a martingale consecutive trading in 1 direction (no hedging).
Here are the requirements:
1) Sell/buy direction to be initiated by user where the automated trading is triggered with the same direction (sell or buy) as the initial order.
2) Lot size is multiplied by X value after the win of the trade within the same cycle]
3) Back to starting lot size X (in this example 0.1) after each loss.
4) Start a new cycle after the preceding cycle is completed
5) EA does create a new order if spread is over X value or time X to be specified when EA need not be working
6) EA does not operate when the price is below the initial entry price in buy or above the initial entry price in sell
Below is is an example. I would require parameters to input the rule for each trade. Each trade in the cycle should have its own pips take profit/pips stoploss
Cycle | Cycle trade no. | Lot Size | Pips TP | Pip SL |
---|---|---|---|---|
1 | 1 | 0.1 (initial order) | 20 | As specified in the parameter |
1 | 2 | 0.2 | 20 | 10 |
1 | 3 | 0.4 | 10 | 10 |
2 | 1 | 0.1 | 20 | As specified in the parameter |
2 | 2 | 0.2 | 20 | 10 |
2 | 3 | 0.4 | 10 | 10 |