Good gap system with martingale EA

MQL4 Experts

Specification

ERS GAP STRATEGY.


-using your best trend finder indicator.


-EA activate a buy or sell trade following curent trend.


-set gap within trade going against trade taken following trend

 

-EA enter another trade when 1st trade go against by the set gap


-every trade after the 1st should be taken using our matingale system.


lets say for example:


EURUSD


trend detect down trend and EA take a first trade SELL @1.2100 and gap set at 10pips and martingal lot multiplier at 3


1st trade = SELL@1.2100 using 0.01lots


2nd trade = SELL@1.2110 using 0.03lots


3rd trade = SELL@1.2120 using 0.09lots


and so on.


1- target close all in profit amount.

2- target close all in breakeven+extrapips

3- maximum volume

4- maximum trade allowed.

5- only 1 type of trade is allowed at a time.(if there is a buy trade still on SELL should not activate etc)

6- if drawdown get to a particular percentage the lower lots trade should be closed to open another trade on the last bigger lots when a certain gap is met different from the initial gap(this should continue until trade becomes profitable.) 

i.e if accumulated trade result to a set drawdown percentage let the trade with lower lot size be closed to reopen another trade on the last higher lots at a set gap.

Alternatively

If draw down on equity get to a particular %age EA should stop taking trade until the drawdown is reduced. 

7- 1st trade should be trailed.


8- SL and TP should also be based on set not fractal.


9- secure by account and expiry.  

10- on chart trading analysis

*balance

*equity

*lots taken

*current profit

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