Automate PipFinite Indicator Strategy

MQL5 Experten

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Ausführungszeit 3 Tage

Spezifikation

I am getting the PipFinite indicator and need to automate the inputs as described below.


The EA should have a spread parameter. The position should only be open if the spred is less than or equal to the parameter.

The EA should open only one position with the number of batches.
Example: 0.02, you should continue with this position until the stop loss or takeprofit.


Indicator
https://www.mql5.com/en/market/product/26889#!tab=tab_p_overview

To assist in the process follow URL
https://www.mql5.com/en/blogs/post/713938

Deploy the following strategy.

     1. BUY SETUP
     2. SELL SETUP

TAKEPROFIT STRATEGY BREAKDOWN

Option 1: 100% TakeProfit on TP1

Higher probability but less profit
Ideal for ranging market conditions
Market ranges 70% on average. A quick exit will ensure that we book profits and avoid reversals.
Conservative approach and recommended for scalping

Option 2: 50% Partial TakeProfit on TP1 & close remaining 50% on TP2.

Moderate probability & profit.
Ideal for swinging conditions (Moderate trends and moderate ranging conditions) which happens 50% on average.
General recommendation because of a good balance between profit and probability.

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