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Hello Everyone,
I want to create an Expert advisor with a simple logic of taking trades at a specific price position over a period of time with a capability of increasing the lot size if the bid closed at a loss from the initial position.
So what happens is that at beginning of installation, the market identifies the high price and low price position after the installation. It then uses a gap position (in real price) to lock the market up as a BUY and SELL position.
After identifying the 2 positions (BUY and SELL), then the bid will activate at the position and then starts taking the bid at the position and then if the bid closes at a loss, it will retake the bid again but with an higher lot size either at same side or at the opposite position.
So For Example if price is installed when the price is at position A, then market reaches the HIGHEST position and then falls downwards to get to the Gap and then locks the 2 positions labelled 1. And then it takes a SELL at the lower position or a BUY at the higher position. However if market is volatile and goes again to the opposite side after activating, it will close the old bid iat a minimal SL and retake the bid when market goes outside the 2 lines in Position 1, but will increase the lot size of the new bid. The condition of increasing the lot size will be a variable as a multiplier or an addition.
For example if bid is at the lower side at position B and price moves upwards to reach the gap between the lowest and the next line upwards, the EA locks up the 2 prices at line 2 and then begins to trade as a BUY at the higher price or a SELL at the lower price, also using the multiplier and a SL that can be adjusted to close below the entry point at the minimal loss for a BUY, or above the entry point for a minimal loss for a SELL.
The EA will show on the screen the highest and lowest price position after installation and the date and time of position like below sample
The Variables will include
Gap (in Prices), start lot size (from 0.01), Multiplier/Addition variable, Risk multiplier (this will reduce the SL value as the number of bid position increases), Stop Loss (SL) and Take profit (TP).
Once the 2 Price positions are achieved, it will show on the screen as the BUY and SELL position in prices and also the time range of the position.
If bid reaches the TP position, it will restart itself again afresh, but if it closed at SL, it will continue to retake the bids at the same price position established with the previous bid.
I can give more clarity and show more visual scripts to clarify any area of the description.
The EA will have to be tested for up to 10 days to close the job and then additional support will need to be provided for up to 2 Months after completion in case of any area that needs revision.
EA should be able to be applied to indices, currecies or products like Gold, Silver etc
Source code will be provided at end of project.
Only immediately available and experienced programmers should bid for the job.