Need Help to create an EA for my Strategy!

NEED Help to create an EA for my Strategy!

This is BEST Suited for scalping as the market is usually in sideways mode over 80% of the time.

I think my strategy will work great, if the EA is implemented correctly.

Here it is:
Values:
Lot Size = 0.01 (value #A)
Trades-With = 3 (#B)
Trades-Against = 1 (#C)
TP = 45 pips (#D)
SL-BUY = <enter value> (#E) ----- (Example 1.2180) (Breakout)
SL-SELL = <enter value> (#F) ----- (Example 1.4520) (Breakout)

>>>EVERY TRADE WILL HAVE A TP OF 45 (D) AND EVERY BUY WILL HAVE A SL OF (VALUE E) AND EVERY SELL WILL HAVE A SL OF (VALUE F) <<<


* I will MANUALLY buy (or sell) .01 lot
For example, buy 0.01 EUR/USD at 1.3950

* when the price goes up 45 pips (D), it will close the BUY and open THREE (#B) more 0.01 Lots (#A) 0.01 BUYS Lots and ONE (#C) More 0.01 SELL Lot

* Again, if TP is hit, it will close the three Buys and open one more SELL.

Now, if it goes down 45 pips, it will hit the SELL TP and close it and open three more SELLs and open One BUY ....... and so on.

Now, let's say the price goes to 1.4520 (F) , then it will close all SELLS.
OR if the price goes to 1.2180 (E) , then it will close all BUYS.

That's it.

I'm sorry it's confusing but think of it this way:
Open One .01 Lot against PA and THREE 0.01 Lots with PA.
<Another example> Everytime your TP hits, you open 3 more of the same direction and 1 of the opposite direction.

So, basically while you lose 1, you win 3 x 45 pips :-)


I would appreciate any help with an EA to do this.

Thanks in advance.

Mike Shleimun

Have you manually or paper-traded this? Also note that you cant open buy AND sell of same currency (hedging) in USA anymore.

Hi,

I did it on an actual paper But I'm not good creating an EA and it's too hard to manually do it. It's a lot of time.

But I'm confident it will work for me. I just wish someone can create the EA so I can see. BTW my MT4 Broker accepts hedging (Thanks GOD).