I have 1 simple system and it would be great you code this into ea it work for any pair, any time.. but i suggest u use this technic on cable..
Let's say, you have 1000usd (standard account 1 lot = 1usd/pip)
When you open the ea, the ea will automatically open a buy position at current price for 1 lot and open sell pending order 40 pips below the buy position at the time at the same time with multiplying it to 3 times larger lot than the 1st one(which in this case.. the 1st buy position is 1 lot.. so the sell lot will be 3 lot), and both buy & sell order will set 80pip stop loss, take profit will be 37 pips. (minus the 3 pips spread for my broker)
there will be 2 consequences..
1. if the buy order hits tp, then the sell pending order will be automatically closed.. and a new buy current market price process with a new sell stop order 40 pips below the current bought price will take place (sl, lot & tp is just like the previous process..)
2. if the price touch the sell pending order before the buy order reach tp.. then a new buy pending order will be made at the same position as the 1st buy price (with same tp and sl like the 1st buy position).. but this time the lot will multiply 3 times larger than the previous sell position.. which is 9.. (note 1st buy 1 lot, the 2nd sell is 3 lot.. so the 3rd will be 9 lot..).. but if the sell order hits tp, then the buy pending order will be automatically closed.. if lets say the price goes back upward and trigger the 3rd position (buy 9 lot) then a new sell pending order will be made at the same position as the 1st sell price (with same tp and sl like the 1st sell position).. but this time the lot will multiply 3 times larger than the previous buy position.. which is 27.. (note 1st position buy 1 lot, the 2nd position sell 3 lot, the 3rd position sell 9 lot, so the 4th position will be buy 27 lot..).. the process will keep on cycling until it reach tp..
please let me know if u need assistance.. thanx..
Let's say, you have 1000usd (standard account 1 lot = 1usd/pip)
When you open the ea, the ea will automatically open a buy position at current price for 1 lot and open sell pending order 40 pips below the buy position at the time at the same time with multiplying it to 3 times larger lot than the 1st one(which in this case.. the 1st buy position is 1 lot.. so the sell lot will be 3 lot), and both buy & sell order will set 80pip stop loss, take profit will be 37 pips. (minus the 3 pips spread for my broker)
there will be 2 consequences..
1. if the buy order hits tp, then the sell pending order will be automatically closed.. and a new buy current market price process with a new sell stop order 40 pips below the current bought price will take place (sl, lot & tp is just like the previous process..)
2. if the price touch the sell pending order before the buy order reach tp.. then a new buy pending order will be made at the same position as the 1st buy price (with same tp and sl like the 1st buy position).. but this time the lot will multiply 3 times larger than the previous sell position.. which is 9.. (note 1st buy 1 lot, the 2nd sell is 3 lot.. so the 3rd will be 9 lot..).. but if the sell order hits tp, then the buy pending order will be automatically closed.. if lets say the price goes back upward and trigger the 3rd position (buy 9 lot) then a new sell pending order will be made at the same position as the 1st sell price (with same tp and sl like the 1st sell position).. but this time the lot will multiply 3 times larger than the previous buy position.. which is 27.. (note 1st position buy 1 lot, the 2nd position sell 3 lot, the 3rd position sell 9 lot, so the 4th position will be buy 27 lot..).. the process will keep on cycling until it reach tp..
please let me know if u need assistance.. thanx..
