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I need an auto order entry robot for MT5
At Singapore time 7am the robot will auto put in orders
1) R is numerical value ( can be adjusted ) that will be added or subtracted from the day opening price
2) A is the number of lots ie 1 = 1 standard and 0.01 = 1 mirco lots
3) i is the percentage of increment. Eg 30% is 0.3
Eg day open price is 53.00 ( this will be the reference point )
53.00+6r | A | buy stop 2pips lower | A*(1+i)6 | Sell Limit |
53.00+5r | A | buy stop 2pips lower | A*(1+i)5 | Sell limit |
53.00+4r | A | buy stop 2pips lower | A*(1+i)4 | Sell Limit |
53.00+3r | A | buy stop 2pips lower | A*(1+i)3 | Sell limit |
53.00+2r | A | buy stop 2pips lower | A*(1+i)2 | Sell Limit |
53.00+r | A | buy stop 2pips lower | A*(1+i) | Sell limit |
53 | reference point | reference point | reference point | reference point |
53.00 -r | A*(1+i) | Buy limit | A | Sell stop 2pips higher |
53.00-2r | A*(1+i)2 | buy limit | A | Sell Stop 2pips higher |
53.00 – 3r | A*(1+i)3 | Buy limit | A | Sell stop 2pips higher |
53.00 – 4r | A*(1+i)4 | buy limit | A | Sell Stop 2pips higher |
53.00 – 5r | A*(1+i)5 | Buy limit | A | Sell stop 2pips higher |
53.00 – 6r | A*(1+i)6 | buy limit | A | Sell Stop 2pips higher |
Exit: Close all positions either:
1) When price goes back to R ie REFERENCE PRICE ,
OR
2) There are still open positions at 3am/3:30am ( adjustable )
OR
3) Conservation or Aggressive mode ( changeable )
a. Conservation = ( wrong leg turn positive ) àClose all positions
b. Aggressive = ( trend following leg turn negative ) à close all
Full detail will be discussed more in details