Job finished
Execution time 14 days
Specification
EA Specifications
Parameters required:
1. Opening time (in GMT hour):
2. Ending time (in GMT hour):
3. Open lot:
4. Martingle:
5. Number of positions until increase of martingle:
6. Distance to open new position (in pips):
#Options of TP
7. TP in pips:
8. TP in USD:
9. TP in % of balance:
#Options of SL
10. SL when equity down (in percentage to balance):
11. SL in USD:
EA description: this EA will need to open 2 positions of buy and sell at the same time for the attached pair at the Opening Time to setup as anchors. Then if price move up and down certain pips, the EA will start buying and selling accordingly until it closes at TP Goal. If all positions have not reached the TP goal after Ending time, continue until the goal is reached. If all positions have reached TP Goal before the Ending time, open new cycle.
EA Actions Example Set: Symbol XAUUSD - Balance $5,000.00
Example Set:
1. Opening time (in GMT hour): 01:00 AM
2. Ending time (in GMT hour): 03:00 AM
3. Open lot: 0.01
4. Martingle: 2
5. Number of positions until increase of martingle: 4
6. Distance to open new position (in pips): 100
#Options of TP & SL
7. TP in pips:
8. TP in USD:
9. TP in % of balance (%): 4
#Options of SL
10. SL when equity down (in percentage to balance): 20%
11. SL in USD:
Actions: Assuming the price of XAU is at $2,000.00 at 1AM and 0 spread
Step 1: At 01:00am, EA open 1 buy position and 1 sell at $2,000.00
Step 2: From 1:00am to 2:00am, the price of XAU increased from $2,000.00 to $2,010.00 (1000 pips), the bot will open positions as follows (Reverse if price decreased from $2,000.00 to $1,990.00):
1. 0.01 Sell lot at $2,001.00
2. 0.02 Sell lot at $2,002.00
3. 0.03 Sell lot at $2,003.00
4. 0.04 Sell lot at $2,004.00
5. 0.06 Sell lot at $2,005.00
6. 0.08 Sell lot at $2,006.00
7. 0.10 Sell lot at $2,007.00
8. 0.12 Sell lot at $2,008.00
9. 0.16 Sell lot at $2,009.00
10. 0.20 Sell lot at $2,010.00
*Note: In this example, we assume a straight increase from $2,000.00 to $2,010.00. If the price swings back and forth 3 times, the EA will open positions as follows:
1. $2,000.00 to $2,001.00: 0.01 Sell lot at $2,001.00
2. $2,001.00 to $1,998.00: 0.01 Buy lot at $1,999.00 and 0.02 Buy lot at $1,998.00
3. $1,998.00 to $2,005.00: 0.02 Sell lot at $2,002.00, $0.03 Sell lot at $2,003.00, $0.04 Sell lot at $2,004.00, $0.06 Sell lot at $2,005.00
Step 4: Calculate and have a line of average price (or breakeven line)
Step 5: If total opened positions generate profit that matches TP goal of $200 (4% of balance), or generate losses at the SL point of $1,000.00 (20% of balance) close all positions.
Step 6: If all positions are closed before Ending Time at 3:00 AM, open new cycle. If all positions are closed after Ending Time at 3:00AM, continue until the TP or SL goal is reached.
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Project information
Budget
30 - 200 USD