Can any body help me with the following idea as an EA? I guess it is basic and it is based on moving average crosses with some money management tricks. The specification are:
Open a trade with a cross and exit it with cross in the opposite direction.
1. If your first trade is in profit, then, open only 1 lot (or mini) in your new trade.
2. If your 1st trade is in loss, then, open 2 lots (or mini) in your new trade.
3. Continue doubling the lot size until you end up with a profitable trade.
This EA should:
1. Let the user to customize the inputs of MA such as period, type, shifting...etc.
2. Let the user to decide his/her preferred initial lot size. Mini lots should be allowed.
3. Let the user to decide the maximum number of lots to be opened.
I hope to hear from you guys soon
And of course it should work on all TFs
very nice ,and i think adding a trailing stop will be useful here to lock on ur profit,or u will lose what u got when the ma crosses back.
Agree. Too many enhancement could be done. Still waiting for someone to create the EA
Do a search for 'Martingale' and you'll see 'your' idea is as old as the hills and is an account blower.