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Rules
Watch how to order a trading robot
Read the Rules before you post an order or execute it
How to Order a Trading Robot in MQL5 and MQL4
See a sample Requirements Specification to order a robot
Job finished
Execution time 1 day
Feedback from customer
Effective & fast !
Feedback from employee
Very Good and effective at conveying the requirements.
Specification
This money management system is designed to protect capital
when market conditions are not favorable to the strategy and to increase risk when they are.
You will have to add your lines of codes to my template: Dummy.
And make sure the code works for all brokers.
There are four parameters to this system:
1. input double Starting_risk=1.00;//%
2. input int Max_win_steps=5;
3. input int Max_loss_steps=3;
4. input double increments=0.20;//%
Everything is relatively very simple.
I want to increase my risk by 0.20% (increments) every time I win,
to a maximum of 5 times (Max_win_steps),
and decrease by 0.20% (increments) every time I lose, to a maximun of 3 times (Max_loss_steps).
Once I have reached the Max_win_steps, I want to reset the risk to 1.00% and start the sequence again
If I lose during a winning streak, I want to reset the risk to 1.00% and start the sequence again.
- Loss above 1.00% risk = reset risk to 1.00%
If I lose and my risk is 1.00%, I want to reduce my risk by 0.20% until Max_loss_step.
However, even if I continue to lose, I cannot go any lower than the max_loss_steps.
When the risk is below 1.00% and I lose ; reduce the risk by 0.20% until max_loss_steps/0.40%.
Every time I win, we increase by 0.20% until max_win_steps before resetting the risk.
You can use the attached picture for reference.
Thank you.
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Project information
Budget
30 - 40 USD
Deadline
from 1 to 2 day(s)