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MODIFICATION OF EXISTING MT4 EA

MQL4 Indicateurs Experts Forex C++ C# Product Design

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APPLY THIS UPDATE ON THE EXECUTION CONDITION AS STRATEGY 2

USE STRATEGY 2: TRUE/FALSE: WHEN THIS IS SET TRUE, EA WILL USE THESE EXECUTION CONDITIONS TO WORK AND THE PREVIOUS EXECUTION WILL BE FALSE.

USE RECOVERY LOSS PERCENT:TRUE/FALSE IF SET TRUE, EA WILL EXIT A BATCH OF TRADES WHEN THE SET VALUE IN PERCENTAGE IS REACHED.
RECOVERY LOSS PERCENT = 10%. THIS MEANS THAT AT ANY TIME A NORMAL TRADE AND THE CORRECPONDING RECOVERY TRADES IS IN LOSS OF 10%, EA MUST EXIT THAT BATCH OF TRADES.

NORMAL TRADES DISTANCE = 50 POINTS: THIS IS THE DISTANCE IN LOSS EA MUST EXECUTE NORMAL TRADES WHEN REGION OF EXECUTION HAS TRIGGERED.   
RECOVERY TRADE DISTANCE = 100 POINTS: THIS IS THE DISTANCE A NORMAL TRADE GOES IN LOSS FOR EA TO EXECUTE RECOVERY TRADES.

BUY ENTRY CONDITIONS:

IF PRICE HIT/CUT THE LOWER BAND OF THE ENVELOP/CHANNEL, EA MUST EXECUTE A NORMAL TRADE AT THE CLOSE OF THE CANDLE THAT HIT/CUT THE BANDS OF THE CHANNEL/ENVELOP.
THIS IS ONLY APPLICABLE TO THE INITIAL NORMAL TRADE THAT EXECUTES WHEN PRICE HIT/CUTS THE BANDS OF THE ENVELOP/CHANNEL.
IF DISTANCE BETWEEN NORMAL TRADES = 50 POINTS IN LOSS TRIGGERES, EA MUST EXECUTE ANOTHER NORMAL TRADE AND THE CYCLE CONTINUES UNLESS TAKE PROFIT OR STOPLOSS IS HIT.
NORMAL TRADES USE TP OR SL TO EXIT TRADES. ALL THE NORMAL TRADES ARE INDEPENDENT AND WILL HAVE THEIR RECOVERY TRADES INDEPENDENTLY.


IF THE RECOVERY TRADE DISTANCE = 100 POINTS IN LOSS TRIGGERS FOR ANY OF THE NORMAL TRADES, EA MUST EXECUTE RECOVERY TRADE FOR THAT NORMAL TRADE AND THE
CYCLE CONTINUES UNTIL RECOVERYPROFITMULTIPLIER IS HIT. ALL RECOVERY TRADES WILL MATCH WITH THEIR CORRESPONDING NORMAL TRADE INDEPENDENTLY.

SELL ENTRY CONDITIONS:

IF PRICE HIT/CUT THE UPPER BAND OF THE ENVELOP/CHANNEL, EA MUST EXECUTE A NORMAL TRADE AT THE CLOSE OF THE CANDLE THAT HIT/CUT THE BANDS OF THE CHANNEL/ENVELOP.
THIS IS ONLY APPLICABLE TO THE INITIAL NORMAL TRADE THAT EXECUTES WHEN PRICE HIT/CUTS THE BANDS OF THE ENVELOP/CHANNEL.
IF NORMAL TRADES DISTANCE = 50 POINTS IN LOSS TRIGGERES, EA MUST EXECUTE ANOTHER NORMAL TRADE AND THE CYCLE CONTINUES UNLESS TAKE PROFIT OR STOPLOSS IS HIT. 
NORMAL TRADES USE TP OR SL TO EXIT TRADES. ALL THE NORMAL TRADES ARE INDEPENDENT AND WILL HAVE THEIR RECOVERY TRADES INDEPENDENTLY.

IF THE RECOVERY TRADE DISTANCE = 100 POINTS IN LOSS TRIGGERS FOR ANY OF THE NORMAL TRADES, EA MUST EXECUTE RECOVERY TRADE FOR THAT NORMAL TRADE AND THE
CYCLE CONTINUES UNTIL RECOVERYPROFITMULTIPLIER IS HIT. ALL RECOVERY TRADES WILL MATCH WITH THEIR CORRESPONDING NORMAL TRADE INDEPENDENTLY.

EVERY OTHER FUNCTION ON THE ALREADY EXISTING EA MUST WORK THE SAME WAY IT IS WORKING CURRENTLY AND APPLICABLE TO THIS NEW EXECUTION CONDITIONS.

Dossiers :

MQ4
BUYSELL_NEWS_STRATEGY_2.mq4
55.3 Kb
TXT
BUY_SELL_UPDATE_ON_STRATEGY_2_EXECUTION.txt
2.7 Kb
SET
SET_FILE_TO_TEST_IT.set
4.3 Kb
EX4
Channel_ocorrecte.ex4
28.9 Kb

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