Hi traders
I have an idea I like to test, but I hope that there are someone willing to help me coding it to a simple EA. I will highly appreciate it.
1- Enter a sell and buy. Take the user defined TP, and then wait for the Market to move for a specific user-defined pips.
2- Now you have two senarios. One if the market continues in same losing direction for your first trade,. And the other one if it goes with your losing trade so your losses get recovered.
3- If it continues in same direction so your first trade get bigger and bigger in losses you simply enter same trade that gave you your first tp but after a specific user-defined pips. And again you take the user-defined TP and wait and apply same rule.
4- But if it goes with your first trade that in loss, then you wait for it to reach the breakeven before you enter same trade that gave you your first tp.
5- If the market move against you in many levels, then if it begin to go with you then you simply wait your tp + xlevels * the user defined pips.
So it will look like that if you are trading the GBPUSD where you wait 40 pips and your TP is 80 pips:
You enter sell and buy at 1.2700
It goes down. You take profit at 1.2620. Now you have one trade at loss of 80 pips.
It continues down. You enter again the sell trade at 1.2580
It goes down and down. You take profit at 1. 2500
It keeps down. you enter same sell again at 1.2460
It continues down.
Now you take the tp at 1.2380
Now it goes up.. Remember you have three levels. So now you wait your TP that is 80 + 3 * 40, because your wating was 40 pips and you got three levels.
Now your sell it get placed at 1.2580.
It continues up your first trade get closed at 1.2660 with loss of 40 pips, but this is ok since this retracement is a profit for you.
You wait again and it goes up.
Your buy get placed again at 1.2700
It continues up
and so on.
So it is all about that you hedge the market and take profit after a user-defined tp and wait for a user-defined pips. Those TP and waiting pips will be used in the calculations of the different market situations.
Of course you take a small lot size so you have thousands and thousands of pips that you can play with while you are fighting the big beast that is called The Market.
I hope this was to understand, and I hope it easy to code?
I have an idea I like to test, but I hope that there are someone willing to help me coding it to a simple EA. I will highly appreciate it.
1- Enter a sell and buy. Take the user defined TP, and then wait for the Market to move for a specific user-defined pips.
2- Now you have two senarios. One if the market continues in same losing direction for your first trade,. And the other one if it goes with your losing trade so your losses get recovered.
3- If it continues in same direction so your first trade get bigger and bigger in losses you simply enter same trade that gave you your first tp but after a specific user-defined pips. And again you take the user-defined TP and wait and apply same rule.
4- But if it goes with your first trade that in loss, then you wait for it to reach the breakeven before you enter same trade that gave you your first tp.
5- If the market move against you in many levels, then if it begin to go with you then you simply wait your tp + xlevels * the user defined pips.
So it will look like that if you are trading the GBPUSD where you wait 40 pips and your TP is 80 pips:
You enter sell and buy at 1.2700
It goes down. You take profit at 1.2620. Now you have one trade at loss of 80 pips.
It continues down. You enter again the sell trade at 1.2580
It goes down and down. You take profit at 1. 2500
It keeps down. you enter same sell again at 1.2460
It continues down.
Now you take the tp at 1.2380
Now it goes up.. Remember you have three levels. So now you wait your TP that is 80 + 3 * 40, because your wating was 40 pips and you got three levels.
Now your sell it get placed at 1.2580.
It continues up your first trade get closed at 1.2660 with loss of 40 pips, but this is ok since this retracement is a profit for you.
You wait again and it goes up.
Your buy get placed again at 1.2700
It continues up
and so on.
So it is all about that you hedge the market and take profit after a user-defined tp and wait for a user-defined pips. Those TP and waiting pips will be used in the calculations of the different market situations.
Of course you take a small lot size so you have thousands and thousands of pips that you can play with while you are fighting the big beast that is called The Market.
I hope this was to understand, and I hope it easy to code?