Anyone wants to program this profitable algorithm into an EA?

if you need further clarifcation.

Hello scalpmaster,

Although you have put effort into the word document, it is quite
difficult to read from a 'what needs to be done to program this' point
of view.

Could you please write two different detailed scenarios from trade
opening, to closing. This would help a lot. Thanks

Coder

It's self explanatory in the diagram provided in the word document.

No offense, scalpmaster, but people who want an EA but aren't programmers always think this.

So you talk to them in detail about what they say they want, then program it, then they can't understand what it's doing, even though it is doing exactly what they said for it to do.

If you want someone to take the time to write the EA, then you need to take the time to give as much detail as you can, examples are best, then you might get something close to what you want.

I guarantee, even after it is exactly as you thought you wanted, after you try it, you will want a number of changes.

I read the doc and would not attempt to even start the programming. Even the best programmer will have a few hours invested in an EA, the least you can do is make sure that your intention is clear at the beginning.

i for one is having a hard time understanding the doc.. i will read farther..

The idea is straight forward- Just average up twice as much as you average down. It might be easier to just look at the diagram.

If there is N/4 retracement, take partial profit and wait for reversion to average/mean of the losing side which would then be the side having more contracts and thus better for us to wait for reversion to close off both sides...


however if it reverts again by N/4 then we have no choice but to square off both sides (taking profit of remaining contracts and cutting loss on the losing side at the same time) but we already locked in a large part of the profit earlier
....

The whole point of starting a 2 sided trade and hedging at various stages instead of just adding positions in one direction is based on the assumption we have no idea where the market is going at any moment in time and it changes randomly all the time.

i wouldn't call it profitable yet either cos till you tried in the the real you just never know. Most Martingale doubling up /hedged and add a bit for luck systems get killed fast!

Oh, one other thing I've noticed -- they always say the system is profitable, and it never is!

But I do like programming, I learn things every time about trading methods and programming, so I do what I have time for, and have done it for free so far.