Easy Trend Reverse Martingale EA (MT4 or MT5)

IDEA:

An EA is to be programmed that alternately buys or sells positions according to various parameters.

The main market should be the currency pairs, the EA should trade 24/5.

TRADING STRATEGY (example EURUSD):

ENTRY:

As the EA is activated, a 1% position (or fixed lotsize) is opened immediately.

The EA decides on entry by random to BUY or SELL.

SELL order:

The SELL order has a fixed stoploss in pips (adjustable Parameter) and a fixed takeprofit in pips (adjustable Parameter ).

If the SELL order runs into the TP, a new BUY order with a 1% size  (or fixed lot size) is automatically opened.

If the SELL order runs into the STP, a new BUY order with a 2% size (or fixed lot size * 2) is automatically opened.

BUY order:

The BUY order has a fixed stoploss in pips (adjustable Parameter ) and a fixed takeprofit in pips (adjustable Parameter  ).

If the BUY order runs into the TP, a new SELL order with a 1%  size  (or fixed lot size) is automatically opened.

If the BUY order enters the STP, a new SELL order with a 2% size  (or fixed lot size * 2) is automatically opened.

With each stoploss of the position, the size is doubled (martingale).

With each take profit, the size remains at 1% (or fixed lot size).

The EA should have a parameter for the maximum number of losing trades (e.g. 5, after 5 STPs the EA should stop).

The EA is started and stopped manually, the EA should run if it has been activated.

PARAMETER (adjustable in the setup):

Fix Lot Size OR % value of capital per trade.

Stoploss in pips

Take Profit in Pips

Desired Assets:

Forex pairs, DAX, SP500