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..
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.
I am looking for profitable EA with low risk ( No martingale please). 1. should work with low amount of balance also 2. supported with TP and SL. 3. No martingale please 4. source code needed
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