Hi Programmers, I have a request. Can anybody build the following Idea in an EA? And how much do you charge for it. Thank you
The Idea:
1. Order
First Order is made manually, e.g. as a pending Order or market. In this Picture its a sell at 1.0919.
The Lotsize is manually set (here 0,01). SL is also set manually (here 50 pips). TP can also be set.
2. Order through EA
All Orders after the first one are made through EA. Every new Candle (set fix in EA -> here 1 min Candles) which closes above the recent Order (min 1 Pip above) opens a new Order (above because here first Order was a sell). The Size Order is the pip-difference to the recent order.
E.g. in the Picture the second Order opened because the Candle after the first Order closed 5 Pips above. The The Size of the second order is 0,05 Lot (first Order was 0,01 Lot).
3. Order through EA
in the Picture the third Order opened after 18 Candles of the 2. Order. The Candle closed 3 Pips above the 2. Order. The Size of the third order is 0,03 Lot.
After any Candle, which closed above the recent Order, a new Order opens.
The SL (and TP) , which was set for the first Order counts for all orders. In this example all Trades would be closed at 1.0969 when SL of first Order would be hit.
The Lot-Size of the EA-Orders depends on the Size of the first Order and the distance to the recent order.
E.g. First Order set 0,01 Lot -> Second Order 0,01 x Distance (in Pips) of closed Candle to first order. Third order 0,01 x Distance of closed Candle to second order etc.
E.g. First Order set 0,2 Lot -> Secon Order 0,2 x Distance of closed Candle to first order etc.
Manual Settings of EA:
Timeframe, e.g. 1 min, 5 min etc.
Manual Settings for first Order:
Lotsize, SL, TP (Stop Loss and Takeprofit adjustable while Trades are open)
Reason of all this:
Most time of your trading you don't get a perfect entry and your trade goes x % in drawdown. Here your first order is very small, so if your trade doesn't go in drawdown your profit is small. But if your trade goes in Drawdown (happens most of the time) your Lotsize is increasing -> better entry price. When your Trade hits SL, you lost less because SL of the further trades decrease.
I hope you understand my idea (english is not my first language)
Thank you
The Idea:
1. Order
First Order is made manually, e.g. as a pending Order or market. In this Picture its a sell at 1.0919.
The Lotsize is manually set (here 0,01). SL is also set manually (here 50 pips). TP can also be set.
2. Order through EA
All Orders after the first one are made through EA. Every new Candle (set fix in EA -> here 1 min Candles) which closes above the recent Order (min 1 Pip above) opens a new Order (above because here first Order was a sell). The Size Order is the pip-difference to the recent order.
E.g. in the Picture the second Order opened because the Candle after the first Order closed 5 Pips above. The The Size of the second order is 0,05 Lot (first Order was 0,01 Lot).
3. Order through EA
in the Picture the third Order opened after 18 Candles of the 2. Order. The Candle closed 3 Pips above the 2. Order. The Size of the third order is 0,03 Lot.
After any Candle, which closed above the recent Order, a new Order opens.
The SL (and TP) , which was set for the first Order counts for all orders. In this example all Trades would be closed at 1.0969 when SL of first Order would be hit.
The Lot-Size of the EA-Orders depends on the Size of the first Order and the distance to the recent order.
E.g. First Order set 0,01 Lot -> Second Order 0,01 x Distance (in Pips) of closed Candle to first order. Third order 0,01 x Distance of closed Candle to second order etc.
E.g. First Order set 0,2 Lot -> Secon Order 0,2 x Distance of closed Candle to first order etc.
Manual Settings of EA:
Timeframe, e.g. 1 min, 5 min etc.
Manual Settings for first Order:
Lotsize, SL, TP (Stop Loss and Takeprofit adjustable while Trades are open)
Reason of all this:
Most time of your trading you don't get a perfect entry and your trade goes x % in drawdown. Here your first order is very small, so if your trade doesn't go in drawdown your profit is small. But if your trade goes in Drawdown (happens most of the time) your Lotsize is increasing -> better entry price. When your Trade hits SL, you lost less because SL of the further trades decrease.
I hope you understand my idea (english is not my first language)
Thank you