Averaging expert advisor

Experts

Specification

Looking to have an EA that does the following.


Parts = 100

Lot size = account balance / parts

Take profit 1%

lowerCutOff = 0% (could be 0 to 100)

Take a Buy with lot size with new magic numbers.

if it goes in profit X percentage, take profit.. If in loss, add another another lot size at lower level..

Lower level = (current market price- lowerCutOff) / Parts


every time price drops to a lower level add lotsize..


for example


Price is $100

Account balance = $200

lowerCutOff = 0%

Parts = (200- 0) / 100 = $2

Lot size = $200/100 = $2


So at $100 enter a lot with $2, if the price moves to 98 add another lot for $2, at $96 market price add another $2 and so on..

The average price will be stored and at average price +  Take profit 1%, close orders.


Similar thing on the opposite side...

higherCutOff = 200% ( in the above example $100 x 2 = $200)

Display imprtant information on chart.

The symbol will divide the lotSize value and check the qty to be placed so if the pair is gold in the above example, buy gold worth $2 at every entry.


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