EA for Hunting FX

MQL4 Experts

Specification

General Conditions::

**Follow 15 Minutes Time frame

**Follow 15 Minute Candle when open trade

**No TP in every Trade

**Default Trade volume/lot Size: 0.01(can be changeable manually)

**All time it will have 50 Trades as pending

**When Spread more than 3 Pips, No trade will open.

 

How Work?

1. When the EA will start it will check previous candle of 15 Minutes TF,

If the previous candle is a Bull Candle it will open a Buy Trade with 0.01 Volume.

If the previous candle is a Bear Candle it will open a Sell Trade with 0.01 Volume

2. It will set a SL of 20 Pips of *First Trade*, If it Hit SL a Reverse Trade/ (*New Trade*) will Open and again will Set a SL of 20 Pips.

 

3. When *First Trade*/*New Trade* will open it will open 50 trades consecutively (50 Trade as pending) after each 6 Pips movement. But when Hit SL, all pending trade shall close with SL

 

Lets Assume that A Buy/Sell trade will go 200/300 pips.

We know that after each 6 Pips Movement it will open a New Trade.

Then the following conditions will be implied:

 

1A: We know *First Trade*/*New Trade* will Set a 20 Pips SL

2A: After 6 Pips the 2nd Trade will open & all open trade will set a SL of 15 pips calculating from First Trade.

3A: After 6 Pips the 3rd Trade will open & all open trade will set a SL of 9 Pips from First Trade or will set SL of (+2 Pips profit from Breakeven/Average of 3 Trades)

4A: After 6 Pips the 4TH Trade will open & all open trade will set a SL of "+2Pips from Break Even/Average of Trades"

5A: Again after 6 Pips the 5TH Trade will open & all open trade will set a SL of "+2Pips from Break Even/Average of Trades"

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49A: After 6 Pips this is how SL will set same as above

50A: After 6 Pips this is how SL will set same as above 

All the time it will have a reserve of 50 Pending order (which will open after 6 consecutive pips). When Hit SL All due pending orders (which are not open yet) will close with open trades.

 

              INPUT’s

 

SEFETY LIMIT                    0

LOT SIZE                          0.01

PIPS STEP                        6

MAX SPREAD                    3

SL                                  20Pips

AVERAGE SL                     2

PROFIT LIMIT                    0

MAX TRADE                      500

LONG/SHORT                   TRUE/FALSE

PENDING ORDER               TRUE/FALSE           (Shall have 50 pending Orders)

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