Hello guys, I would like to know if someone would be willing to code this, I think that could be profitable. Any feedback would be appreciated, even if you think this is crap! hahaha, but please give at least a proof 
Actually I don't know if there is an EA that actually works like this... So let me explain everything...
Months ago I started to trade using an EA Developed by member jansb000 (100% based on Trade Made Simple Strat), I have been trading successfully as the EA is able to manage the trades automatically following a system introduced by emmanuel7788 named MeMe (I think it stands for Multiple Entries Multiple Exits)... I use this EA to trade when I'm at work basically and also to manage the trades of my "system" in the meanwhile which reduced my loses to 0 (Probably until I take a hit)
This MeMe system, simplified, consists in the following:
To make it simple let's say we go short on EURUSD at 1.23, Our ADR(100/2) is 99Pips and our Spread is 1Pip
- Place first LIMIT ORDER at 1.24
- Place a SL at 1.25
- Define then TP, let's say, 100Pips for 1:1 at 1.22
If the trade is ok, wow, perfect, we go and buy a Kebab with our hard earned 100pips, but if it goes the opposite we do the following:
- Price goes against us and reaches the first LIMIT ORDER at 1.24
- SL is being moved to 1.26
- Calculate then the new TP, as order went against us we want to get out of the trade, so we will look for a BE or BE+small profit if we are still greedy.
- Price goes back and hits our TP, in this case, we are out of the trade in BE even when at the beginning it went against us.
Example:
Now let's say, price keeps going against us even more:
- Price triggers our Second "MeMe Order" at 1.25
- New LIMIT SELL is created at 1.26 (Where previous SL was)
- SL moved to 1.27
- New TP is now being recalculated and set again, this time considering we have 3 SELL Orders running
And example of a very bad entry:
I guess you already got the point...
This obviously, is not the Grail, and you cannot accumulate unlimited drawdown forever (Or you can?) but is a really good way of closing your trade in profit when you have a system that is telling you to go, and then everything goes against you.
As this system is able to get out without too much troubles from a bad trade, what would happen if we place a SELL and BUY order at same time?
This trade from previous example:
SELL Order would have closed in profit after 3 MeMe Trades
BUY Order would have closed in profit in a few hours, after this, I'm open to suggestion if it's worth to enter again to keep hedging the previous one and accumulating profit.
From my understanding even in Range or Trend this kind of "way of work" should be profitable.
In UPTREND buy order will be "hedging" and closing profits while SELL will be generating some drawdown, after a small pullback sell order would close in BE while all the Buyers would close reaching TPs
In RANGE, both order will be accumulating some drawdown if some of the MeMe Orders are triggered, but under the minimum movement in our direction, they would end up closing in BE, so still no loss and maybe even very small profits.
I'm open to suggestions! Who is interested to code this?
Actually I don't know if there is an EA that actually works like this... So let me explain everything...
Months ago I started to trade using an EA Developed by member jansb000 (100% based on Trade Made Simple Strat), I have been trading successfully as the EA is able to manage the trades automatically following a system introduced by emmanuel7788 named MeMe (I think it stands for Multiple Entries Multiple Exits)... I use this EA to trade when I'm at work basically and also to manage the trades of my "system" in the meanwhile which reduced my loses to 0 (Probably until I take a hit
)This MeMe system, simplified, consists in the following:
To make it simple let's say we go short on EURUSD at 1.23, Our ADR(100/2) is 99Pips and our Spread is 1Pip
- Place first LIMIT ORDER at 1.24
- Place a SL at 1.25
- Define then TP, let's say, 100Pips for 1:1 at 1.22
If the trade is ok, wow, perfect, we go and buy a Kebab with our hard earned 100pips, but if it goes the opposite we do the following:
- Price goes against us and reaches the first LIMIT ORDER at 1.24
Order gets triggered and we have now 2 SELL Orders one at 1.23 and other at 1.24
- New LIMIT SELL is created at 1.25 (Where SL was)- SL is being moved to 1.26
- Calculate then the new TP, as order went against us we want to get out of the trade, so we will look for a BE or BE+small profit if we are still greedy.
- Price goes back and hits our TP, in this case, we are out of the trade in BE even when at the beginning it went against us.
Example:
Now let's say, price keeps going against us even more:
- Price triggers our Second "MeMe Order" at 1.25
- New LIMIT SELL is created at 1.26 (Where previous SL was)
- SL moved to 1.27
- New TP is now being recalculated and set again, this time considering we have 3 SELL Orders running
And example of a very bad entry:
I guess you already got the point...
This obviously, is not the Grail, and you cannot accumulate unlimited drawdown forever (Or you can?) but is a really good way of closing your trade in profit when you have a system that is telling you to go, and then everything goes against you.
As this system is able to get out without too much troubles from a bad trade, what would happen if we place a SELL and BUY order at same time?
This trade from previous example:
SELL Order would have closed in profit after 3 MeMe Trades
BUY Order would have closed in profit in a few hours, after this, I'm open to suggestion if it's worth to enter again to keep hedging the previous one and accumulating profit.
From my understanding even in Range or Trend this kind of "way of work" should be profitable.
In UPTREND buy order will be "hedging" and closing profits while SELL will be generating some drawdown, after a small pullback sell order would close in BE while all the Buyers would close reaching TPs
In RANGE, both order will be accumulating some drawdown if some of the MeMe Orders are triggered, but under the minimum movement in our direction, they would end up closing in BE, so still no loss and maybe even very small profits.
I'm open to suggestions! Who is interested to code this?
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