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My strategy is already in place- I only have problem with the lot size and grid programming on FXDREEMA...
I would like to program my EA in the following manner:
0.01 lot size per $5,000 balance
1st trade multiplier ; 1.0
2nd trade multiplier ; 1.0
3rd to 5th trade multiplier ; 2.0
6th and above trade multiplier ; 1.5
First trade should have a FIXED TAKE PROFIT at 10 PIPS. If price goes opposite direction, please read below at grid distance.
Grid distance ;
36 pips (candle has to CLOSED > 36 pips away from the first INITIAL position)..
So if it is SELL position at 1.0000, then candle closed at 1.0040 (MORE THAN 36 pips from initial opening), my EA will go for 2nd trade SELL at 1.0040 for 1x multiplier
If price still continue to go up and CLOSED at 1.0091 (MORE THAN 36 pips away from 2nd trade), my EA will go for 3rd trade SELL at 1.0091 for 2x multiplier.
No matter how many grid level (or martingale) it opens, I only want to be taking profit of 10 pips of the first initial trade. So if I start with 1.00 LOT, the market goes opposite and ended up in 4 LOTS, I will still be making $100 (1.00 initial lot x 10 pips) - this way my Expert Advisor will be able to close the series of trade much quicker.
Regards
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