Pending Order EA plus Trailing Profit on Money Amount
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Good Day everybody...
Hello,
I've been searching on the forum but I cant find what i'm looking for.
The strategy is .. Let say I'm open a BUY position with 0.01 lot ..( eg. I place a BUY at a price 0.74854 )
At the same time I want to place SELL STOP with 0.02 lot ( eg. I place a SELL STOP at a price 0.74254 )
if the price go down it will trigger my SELL STOP.
When it trigger the SELL STOP.. at the same time it will open a BUY STOP with double the lot ( eg. sell stop 0.02 .. the Buy stop will be 0.04 (0.02 x2) ) and so on....
My Take Profit let say $2.
When both position accumulate to $2 then all position will close . But if the price go straight away and touch my TP ($2) then it will delete the SELL STOP.
That is the idea
Same thing opposite for SELL position. If SELL then it will open BUY STOP.
I'm planning to combine this strategy with Bollinger Bands or other scalping technique.
Have any one have done this EA before? Or anyone know the link ? Feel free to let me know..
Thanks in advance..