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Rules
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Specification
This EA are using hedging and martingale strategy. The EA will trade in group for each currency
- Default lot size: 0.02
- Default martingale: 1.25
- Licensing system by account no and date
- Order Comment format: Order Group 1 and Order Group 2 is different
- Default SL: 300 Pips for every order, the EA will never modify the SL
- Default average TP: 10 pips (the EA will close the whole order if the average TP hit 10 pips), the EA will modify all the TP for each group. So, the TP for group 1 and group 2 is different.
- Maximum Buy/Sell order for each direction in 1st group: 30 orders (can be adjust)
- Maximum Buy/Sell order for each direction in 2nd group: 30 orders (can be adjust)
- Grid step: 10 pips (the EA will place the Buy/Sell limit for every 10 pips)
- Default Group: 2 groups, can be adjust
Trading strategy for group: BUY/SELL Martingale order happen when the price UP/DOWN for 10 pips. For example, if the EA set for EURUSD trade and the default is o.o2 lot size. Because the group set is 2 groups, the EA will open 0.02 order and after UP/DOWN price 10 pips, the EA will open 0.02 again and the next will be 0.02 x 1.25 martingale = 0.03. The EA will open first 0.03 and when the price UP/DOWN 10 pips, the EA will open another 0.03.
The EA will open 2 orders with same lot size when the price UP/DOWN for 10 pips because it set with 2 groups trade. If the group set as 3 groups so the EA will open same lot size for 3 times and so on.
The group will trade independent because the SL and TP are different. Each order SL is different and never modify but the EA will modify the TP for whole order based on the group. The EA will always modify all orders TP price based on the group follow the last martingale order with average TP 10 pips.
When the EA already opened about 20 floating orders in 1 direction, the EA will modify the grid step to 50%, means the default grid step was 10 pips it will become 5 pips. So the EA will open a new order in every 5 pips but if all the floating orders closed, the grid step will be back to normal which is 10 pips.
Thank you