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Hi,
I am not a programmer, nor do I know all the ins and outs of Forex or MT4 software or the brokers that use it. But I've put this EA together and would like some feedback on it, please. It took me forever to get it to work properly (or at least the way I planned) and I borrowed a lot of code from other programs.
It works like this:
It buys and sells 5 positions each. As one trade closes (TP) another of the same kind opens, i.e a buy closes, a buy opens to replace it. The number of trades to open, lot size, TP can all be changed in the properties window. It also has an MM that can be set.
One thing I've noticed is that if the range starts to get large (see pics) the currency can bounce back and forth and never get you any profit or new trades. This is where the number of trades allowed comes in. You can increase this number and trade inside the range. This reason also prevents a good backtest.
So let me know what you think: good, bad or indifferent.
Thanks