Hello I am looking to creat an EA that is pretty simple in its logic. This will be done in MQL5. The EA will have to be constructed so It can be marketed on MQL as well. And error free.
The EA will place two trades one long and one short. Each trade will have a TP and SL as a input.
At any point in time there will always be a long and a short trade. So if the TP is hit then it will automatically place another trade in the same direction of the trade that closed out. With the same TP and SL
The Bot must be able to work with mulitple pairs on a platform. So if you want to do this with magic number then thats fine.
When a SL is hit then the bot will place a trade as a martingale. The martingale will have its multiplier as an input. Example 2 up to 50 times the lot size of the trade that closed out. The martingale trade will trade in the same direction as the trade that closed out. It will have the same TP and SL as the other trades. If the TP is hit then another trade will automatically be placed in the same direction.
There will also be another input as an option to try for the martingale.
This will be a secondary martingale input and can be a YES/NO for its inputs.
The paramiters of this are for the TP distanced to be halved and the SL distanced to be halved as well but a double of the number 1-martingale lotsize. So it will still gain full recover but it will only have half the TP to reach its recovery. At the same time it can fail easier as the SL is closer as well.
If there is another pair on the platform that has had a SL hit whilst a trade is running its martingale.Then we have to have it so that the trade is cued in a waiting line up. We can call this the martingale line up. So there will only ever be one trade running its martingale at atime. When this trade closes then the martingale line up will start and the next trade will go into the martingale. And so on.
There will always be a long and short trade open. UNLESS
A trade is in the martingale line up waiting for its turn to recover.
Or unless we are waiting for the spread to get under the required spread filter setting.
INPUTS
Lot size based on account size. Auto adjust lotsize to account.
TP in $.. So TP= $1.98 example
SL in $.. So SL= $.70 example
Spread filter. Do not trade untill under this spread. 'X' points
1-Martingale multiplier... YES/NO Example 2 to 50
2-Martingale YES/NO The aim of this martingale is to be able to have the TP and SL halved so that the martingale closes out faster. In this case the lot size will have to be doubled what the Number 1- martingale is to allow for a smaller TP recovery.
Please if there is anything else that I may of missed then please ask the questions.
Kindest Regards
for example if
Buy EURUSD close with SL and martingale started,
SELL AUDJPY Closed with SL, do nothing and wait.
BUY GBPUSD closed with SL, do nothing and wait.
when Buy EURUSD martingale finished, start martingale of Sell AUDJPY
and ....
this is correct?
100% correct
Because EA will manage all positions on all symbols, We must develop EA with multisymbol support. You must run EA on only ONE CHART and EA will trade on all symbols you selected in inputs.
confirm?
If this is the easiest then thats fine by me, What ever is easy for this option please
we can add 2 options :
option1 : all symbols on market watch
option 2 : symbols entered in input list of symbols.
input list of symbols : "eurusd,gbpusd,audjpy" (for example)
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