Need Help to create an EA for my Strategy!
> the market is usually in sideways mode over 80% of the time.
Does the detail of the plan not contradict this, the steps outlined above are weighted towards sustained breakout?
> while you lose 1, you win 3
Or...
Lose 3 win 1?
Dont think this has been traded manually has it?
FWIW
-BB-
> the market is usually in sideways mode over 80% of the time.
Does the detail of the plan not contradict this, the steps outlined above are weighted towards sustained breakout?
> while you lose 1, you win 3
Or...
Lose 3 win 1?
Dont think this has been traded manually has it?
FWIW
-BB-
Hi Thanks for replying.
It's when your BUYs are hit, it opens three more BUYs and One SELL.
When your SELLs are hit, it opens three more SELLs and One BUY.
So, three with PA and one against it.
Option to change all these values.
I haven't traded it manually. It's just too much repetition.
I really like to try it to see if it works. It might be very profitable.
I appreciate any help I can get.
Thanks in advance.
--MS
> the market is usually in sideways mode over 80% of the time.
Does the detail of the plan not contradict this, the steps outlined above are weighted towards sustained breakout?
> while you lose 1, you win 3
>>>>> It might seem that way, but for short term, I think it will work out great. Because when the price comebacks, it will hit all the TPs. <<<<
Or...
Lose 3 win 1?
Dont think this has been traded manually has it?
FWIW
-BB-
> It might be very profitable.
Sorry, I cant code might or maybe or probably :)
Good Luck
-BB-
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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