Hello,
I have a strategy to render automatic.
I have an indicator, but it must be modified a little bit to adapt expert advisor.
After indicator modification, an expert advisor will be built.
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Indicator gives signals simply. But signal doesn't exactly show the trade direction. Signal has a range between 2 price value. Between this range, market price makes a few fluctuations(or not) and goes its trend way. Anyway, my strategy is based on:
Indicator gives signal, namely gives trade borders. Expert advisor will take the order from indicator. And lets say open a "buy order". And it will place a stop loss to lower bound. And also it will place a sell stop to lower bound. And it will place Stop loss of sell stop to upper bound. This case will happen reversly, until market price goes on its trend way.
Namely, we have got 2 price lines. And market price is inside of two lines at the moment. And market price will broke any line in any time and never come back up to "take profit" order happens. We don't know when permanently breakage will happen and that is why we try it. System is this. System will lose little by little and at the end it will profit higher than loss. And totally system will profit money.
System will folds the volume for each trade. For first trade lets say 0,01 lot and second 0,02 and third 0,04 etc.
Lets say market price fluctuated 6 times and namely we lost 6 times. And seventh trade is successful. Lets calculate the profit. For line range difference, lets say 15 pips.
1. trade 0,01 lot--->> loss
2. trade 0,02 lot ---->> loss
3. trade 0,04 lot---->>loss
4. trade 0,08 lot--->> loss
5. trade 0,16 lot--->> loss
6. trade 0,32 lot-->> loss
Total loss= 15x(0,01+0,02+0,04+0,08+0,16+0,32) = 15x0,63 = 9,45 unit
7. trade 0,64 lot--->> win
Total win = 0,64x15x3=28,8 unit (Our take profit is threefold of range difference)
Net profit= 28,8-9,45 = 19,35 unit.
Who wants to help me in this work?
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