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
I want a prop-firm compatible MT5 trading robot, not a fast or aggressive one, for passing Prop firm challenges of any account sizes and also capable of earning profit on funded account after passing the challenge. Objectives: – Pass a prop firm challenge safely within 2–4 weeks, not 1 week. – Focus on capital protection first, profit second. Risk & Money Management: – Risk per trade: 0.25%–0.5% max – No martingale
أبحث عن خبير تداول آلي (EA) أرفقتُ فيديو له. يقوم هذا الخبير بوضع أوامر شراء معلقة وبيع معلقة على بُعد 250 نقطة أعلى وأسفل السعر الحالي كل دقيقة، مع تحديد مستوى وقف الخسارة (SL) عند 300 نقطة ومستوى جني الربح (TP) عند 500 نقطة. إذا تم تفعيل أيٍّ من هذين الأمرين خلال الدقيقة، يتم إلغاء الآخر. لا يقوم الخبير بوضع أي أوامر معلقة حتى يتم الوصول إلى مستوى وقف الخسارة أو جني الربح، ثم يضع مجموعة جديدة من الأوامر المعلقة في
I’m looking for a developer to create a custom trade panel/tool that allows me to execute and manage multiple trades simultaneously with dynamic, risk-based position sizing . Core Concept (Must Be Followed Exactly) • I define a total risk percentage (example: 1% of account balance) • That total risk is split across all trades • Each trade has a different stop loss (in pips) • The system must automatically
I need MT5 Expert Advisor (EA) Strategy: - Break of Structure (body close) - Retest - Confirmation (engulfing/rejection) Rules: - Max 2 trades per day - Risk: $50 - TP: 1:2 RR - SL: structure No martingale, no grid XAUUSD M30
Bring in your expertise for specific symbol Prepare expert for Live chart Creating .set for specific symbol Live Chart Optimization , symbol specific Everything is coded already therefore needs Implementations
I need an MT4-compatible Expert Advisor coded in MQL4 that applies a pure scalping approach. The robot must open and close positions quickly on XAUUSD, taking advantage of very small intraday price movements, with configurable parameters for lot size, maximum spread, take-profit. With the activation of repeated hedging and the feature to close trades at a specific percentage of profit or loss With chart monitor
I could have MetaTrader, NinjaTrader and TradingView project as well as some Automation and Apps development work. For them I require Russian developers. I have worked with many developers but from now I just would like to work with russians. Please apply on the project just Russian developers with mentioning their expertise Note: I do not understand Russian so communication need to do in English
I need a bot that will trade to make profit without I losing money , selling when it's time for sell, buying when it's time for buying, manage our profile to gain a big asset
Due to price constraints, I am shifting what I would like. Would you be able to develop part of a strategy that automatically screens and selects stocks for trading? For example, screens for stocks up 20% with 500k volume for the day, and automatically begin trading them according to the strategy I already use. I use NinjaTrader to day trade my Interactive Brokers account and would like to add an automatic
Hello i need some to teach me step my step in an idiot terms and I will be willing to learn more and I am ready to pay for it any amount please if anyone can put me though i will be happy thank look forward to anyone responses