Specification
EA funciton
Create Limit and Stop orders at Multiple of the Order Distance to form a Grid. & Maintain the Grid All the time
Example
Order distance pips = 2,500 = $25, Use Buy Limit=True, TP_[Buy_Limit] =5000, Current Price=995, Max_Orders_[Buy_Limit]=5, Order_Gap_Pips=500=$5
Then,
1) At the beginning of the EA, Create buy Limit orders -> 975,950,900,925,900 --> Each one should have the Take Profit of 5000 since TP_[Buy_Limit] =5000
2) When to place new limit order? When the price moves up and touches the grid+order gap [Example, if price moves upto 1005 (ie. 1000+ Order_Gap of $5 = 1005 , then place buy limit order of 1000]
3) Don't create duplicate pending order, if there is a Market order Exists (Eg. Suppose price comes down and converts the 975 pending order into buy order, and then moves up Order_Gap_Pips of 500=$5, then, the EA will not create a pending order at 975, because a Buy order exists at 975)
4) Maintain the Grid all the time by Filling the Grid Gap - Suppose, a Buy order gets closed by Take Profit, the EA should place a pending order in it's place (eg. suppose order 975 hit by take profit at 1020, then the EA shd place a pending order to fill the gap of the grid at 975)
INPUTS | ||
Stopout_Margin_Level | 300% | Must close all the open limit orders if margin level reaches X% & Should not create any new Limit order (Stop the EA and not create any Limit Orders) |
Restart_Margin_Level | 500% | Restart the process of creating Limit orders once the margin level is greater than Y% |
Use Buy_Limit | True/False | |
Use Sell_Limit | True/False | |
Use Buy_Stop | True/False | |
Use Sell_Stop | True/False | |
Order_Gap_Pips | 500 | Once this pips is hit, the pending order will be placed. Eg. Order_Gap_pips=500, then if price touches 1005, pending order of 1000 will be placed |
Lot_Size_[Buy_Limit] | 0.01 | |
Lot_Size_[Sell_Limit] | 0.01 | |
Lot_Size_[Buy_Stop] | 0.01 | |
Lot_Size_[Sell_Stop] | 0.01 | |
Order_Distance_[Buy_Limit] | 2500 | |
Order_Distance_[Sell_Limit] | 2500 | |
Order_Distance_[Buy_Stop] | 2500 | |
Order_Distance_[Sell_Stop] | 2500 | |
Max_Orders_[Buy_Limit] | 25 | |
Max_Orders_[Sell_Limit] | 25 | |
Max_Orders_[Buy_Stop] | 25 | |
Max_Orders_[Sell_Stop] | 25 | |
Lot_Size_Multiplier_[Buy_Limit] | 1.06 | |
Lot_Size_Multiplier_[Sell_Limit] | 1.06 | |
Lot_Size_Multiplier_[Buy_Stop] | 1.06 | |
Lot_Size_Multiplier_[Sell_Stop] | 1.06 | |
TP_[Buy_Limit] | 5000 | |
SL_[Buy_Limit] | 5000 | |
TP_[Sell_Limit] | 5000 | |
SL_[Sell_Limit] | 5000 | |
TP_[Buy_Stop] | 5000 | |
SL_[Buy_Stop] | 5000 | |
TP_[Sell_Stop] | 5000 | |
SL_[Sell_stop] | 5000 | |
TP_Order_Distance_Multiple_[Buy_Limit] | 2 | If TP Buy Limit is set, it will be taken, else this multiple will be taken as TP Buy Limit |
SL_Order_Distance_Multiple_[Buy_Limit] | 3 | If If SL Buy Limit is set, it will be taken, else this multiple will be taken as SL Buy Limit |
TP_Order_Distance_Multiple_[Sell_Limit] | 3 | If If TP Sell Limit is set, it will be taken, else this multiple will be taken as TP Sell Limit |
SL_Order_Distance_Multiple_[Sell_Limit] | 5 | If If SL Sell Limit is set, it will be taken, else this multiple will be taken as SL Sell Limit |
TP_Order_Distance_Multiple_[Buy_Stop] | 1 | If If TP Buy Stop is set, it will be taken, else this multiple will be taken as TP Buy Stop |
SL_Order_Distance_Multiple_[Buy_Stop] | 2 | If If SL Buy Stop is set, it will be taken, else this multiple will be taken as SL Buy Stop |
TP_Order_Distance_Multiple_[Sell_Stop] | 3 | If If TP Sell Stop is set, it will be taken, else this multiple will be taken as TP Sell Stop |
SL_Order_Distance_Multiple_[Sell_stop] | 1 | If If SL Sell stop is set, it will be taken, else this multiple will be taken as SL Sell stop |
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Budget
30 - 50 USD
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USD
Deadline
to 2 day(s)