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Create Simple Grid Martingale Limit EA
This is the development of the beta version more development and budget would be allocated to the EA in V2.
Settings
- Number Of Grid Levels
- Basket Length
- Multiplier
- SL % (For each basket)
- TP % (TP when profits reach % of account balance)
- TP Pips (Pips from breakeven level)
- TP ATR (X number of Daily ATR Pips away from breakeven level)
- Breakeven Pips
- Partial On/Off
- Partial Basket %
- Partial Pips
- Partial ATR (X number of Daily ATR Pips away from breakeven level)
Functionality
- Automatically place limit orders at the different grid levels.
- Lot sizing would be based on the will be calculated based on the “SL% Per Basket” setting.
- Drag and drop entry and stop loss functionality on the chart for better usability.
- GUI to measure current floating P/L and breakeven button.
- 3 Types of TP if both are used simultaneously, the TP closer to price would be defaulted to.
- Breakeven function when the price has traveled X amount of pips from breakeven level.
- Partial function to close % of entire P/L when the price has traveled x amount of pips from breakeven.
3 Types Of TP
- TP % = Closes all trades in the basket if total floating p/l for basket reaches % of account
- TP Pips = Closes all trades in the basket if price has travelled over x amount of pips from breakeven point
- TP Pips = Closes all trades in the basket if price has travelled over x amount of pips (Current ATR x Multiplier) from breakeven point
- Only one buy and sell basket can be open at a single to keep the EA simple
Partial
- Partial On/Off = Enable or disable partial taking feature
- Partial Basket % = Percentage of each basket to close when the price reaches the point to take partials when partials are toggled on
- Partial Pips = Closes percentage of basket defined by “Partial Basket %” when price has traveled x amount of pips from breakeven
- Partial ATR = Closes percentage of basket defined by “Partial Basket %” when price has traveled x amount of pips (Current ATR x Multiplier) from breakeven