New EA similarities to
previous build
- EA
trades based on upcoming Economics Events (as already built)
- EA
open trades based on dots of PSAR (as already built)
- Logic
of trade is based on martingale (as already built)
NEW Logic
of Trading:
a. EA
waits for upcoming news, and based on time and news filter will open trade
based on action of price on PSAR (as already built)
b. EA
opens long or short position based on direction of PSAR (as already built)
Major Difference between Old and New Logic
c. If EA
opens a long position (position A) as shown in diagram below (red-dot), it will
place TP (TP-A) at the position equal to the distance of new PSAR dot (as
already built),
but
instead of placing SL (SL-A) at the new position of PSAR dot, it will rather
place a SellStop Pending order (trade-B) with Martingale multiplier.
Therefore,
SL for trade-A will be x2 of what initially should have been; and TP for trade-B
will be at same price SL-A (see diagram)
Entry
point is marked in big-dot-red (point where psar-dot switched)
d. So if
trade-B is triggered, immediately a 3rd pending order (buy-stop)
position will be placed at same point were trade-A started. Therefore, if
trade-B did not reach TP, and price reverses to trigger Trade-C, a 4th
pending-order (sell-stop) position will be placed at same position were trade-B
was triggered, and so on, and so on, using martingale multiplier.
e. So martingale
logic will play out, and keep multiplying trades, until either TP or SL of any
of the opened positions is reached.
f. PLEASE NOTE
that, if price touches any of TP or SL of any of the opened positions, EA
should FORCE-CLOSE ALL OPENED TRADES
IMMEDIATELY (very important please)
g. Last trade should try and achieve breakeven (or
minimal loss). What this means is that if for example, user sets EA parameter =
Maximum open trades/cycle = 5
And at
4th trade, price did not reach TP of the 4th trade but
goes on to trigger this 5th trade, the value of lot size for 5th
trade should be such that it equalizes total long position and short position
(like a hedged)
or
please you can share your idea on how best to achieve minimal loss when this
scenario is reached).
Thank
you.
Benzer siparişler
✅ MT4 EA Developer Checklist (For Your Ladder EA) 1️⃣ Indicator Integration EA reads signals from provided custom indicator (.ex4 or .mq4) Detects “Buy Next” / “Sell Next” signals on current candle Works with arrow-based or buffer-based signals 2️⃣ Next Candle Execution EA does not trade on the candle where the signal appears Orders placed only at first tick of the next candle Timeframes supported: M1, M5, M15
Hi to all, I need a modification of an existing grid EA with the following instructions: Add the following optional external inputs to the attached Expert Advisor: input bool TradeModeAgainstTrend ( TMAT ) = true ; input int CounterTrendLotsToStartTMAT = 0.15 ; input double CoefficientForTrendLots = 0.30 ; input double MaxTrendLot = 0.08 ; input bool OneSideTMATOnly = true ; input double CombinedClosureAmount = 10.0
I need write EA which load csv file which content prices where is expected support/resistance level. When market price overstep price from csv file, EA open trade some pips above/under csv file price. Example: at symbol EURUSD market price overstep 1.16500 where is expected resistance. EA open trade pending order sellstop 1.1647 (3 pips will be external input). Trade will be closed based on smart trailling stoploss
Hello, i need expert developer that have been develop so many profitable AI bots that work for mt5 and ctrader autonomously if you know you can easily execute this requirement bid for it. NOTE:- YOU MUST COME WITH SAMPLE FOR THE 2 TRADING PLATFORM. While i take a look at your profile and reach out to you thanks
Hi, GOLD EA is an automated trading robot designed for MetaTrader 5, focused mainly on GOLD/XAUUSD trading. The EA uses a combination of multi-timeframe trend confirmation, EMA pullback logic, ADX strength filtering, support/resistance rejection, momentum breakout, and reversal capture modules to identify potential Buy and Sell opportunities. Strategy and Trading Logic: The EA is designed to detect market direction
I really liked this training platform. I want to start a good business with this funding amount."I like crypto trading. Does it provide a demo account that is good for learning?"
I am looking for an MQL5 or MQL4 developer to build an Expert Advisor What I need: The Expert Advisor should be able to open up to 10 trades per day (24-hour market) Trades should not open all at once — only based on proper signals/conditions Each trade must include: Stop Loss Take Profit The Expert Advisor must use 1:2 risk to reward The strategy should aim for around 50% win rate (about 5 wins out of 10 trades)
Dear developers I want to create an expert advisor for my strategy. The entry signals quite simple using OHLC, Bollinger, SuperTrend. (Possibly: ICT/FVG) The money and risk management is more difficult using martingale and trailing stops. I also need help to design this before any development
I need a ready made profitable system with live account trade or demo that can be back-tested for 2 years with good profits. Pls consider drawdown to be low , source code will be provided at the end. Very important sending 10 days demo before negociation , thank you