An Expert Advisor based on a fixed time range price breakout

Spezifikation

I would like to have an expert advisor created for this strategy.

Strategy Type: Hedging Strategy (Multiple Buy and Sell Strategies)

Trade conditions:

--> Find Determined time range. For example 8am - 8:05am

--> Find hedge range. Hedge range/zone = price high of the determined time range (+1 pip) and price low of the determined time range (-1 pip).

--> Long Trade entry conditions = Price breaks the high of the hedge range, enter Long trade at the break of the high.

--> Short Trade entry conditions = Price breaks the low of the hedge range, enter Short trade at the break of the low.

--> R:R = 1:3

--> First hedge entry Risk % = 1% of Balance

--> Stop Loss (pips) = hedge range. FYI, this field would only be used to calculate the initial trade lot entry.

--> Main Trade Stop Loss (pips) = hedge range (pips) + Reward range size (pips)

--> Max number of hedge entries = 6

--> Hedging formula (to determine the lot size of all subsequent hedge entries after the first trade is triggered) is attached within as a file. We can discuss further to clarify things when required.

All trade conditions should be adjustable/modifiable.

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Projektdetails

Budget
50 - 100 USD