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Hello Traders,
I want to create a simple EA that will consider daily risk limit for the product and thereafter take bids in the direction of the market after the limit is achieved. It will also consider a reversal point in case market reverts after activating the direction bid.
However, Bids should close automatically if after gaining profits it returns back to the activation price, as well as be able to take rebid if market reverts back.
Variable are Daily minimum limit.
Market will start the measurement of the market movement after a certain specified time. At the time, it identifies the daily highest and lowest for the day so far and then take bids in excess of the daily minimum limit towards the direction of the market.
EG GOLD. Daily limit is 15. At 5am in the Morning, highest price is 1780 and lowest price is 1770. Then it means either price goes to 1785 for a BUY or 1765 for a SELL. Then if either activates first, the the alternative bid will begin a reversal bid at the current extreme at the time of activation.
So if price rises to 1790 for example it means BUY will activate at 1785. At this point, the SELL bid will set up at 1770. And then as Prices rises up higher, the Sell bid will follow the price by rising higher too based on a % or price pips. So if price rises to 1810, then Sell will be 1810-15= 1795 for the Day. If prices reaches above a certain value, then it can close the bid in profit and then close the pending bid as well. the lot size for the reversal bid will also be set on daily basis as it may vary form day to day as well as the gap. However if it doesnt change, then it will use the previous day variables of daily limit.
The bids to be taken will be incremental depending on the direction, and also will increase as direction changes. So if first bid activates as a BUY, then backup bids will activate as a sell with increase in number of bids at different positions as well as increase in lit size. After then, if the first reversal bid activates for the same day, then the uptrend again will take new bids but this time will be 3 trades for example at different times and with increased lot size as well and so on and so forth for the day before the robot closes the bids automatically or manually.
The expected direction may be set as well which will make the robot identify the expected direction and take more bids if market goes against direction of the market with existing bids.
The robot should be able to be used on any product.
Please Note
I want only serious and immediately available programmers as time is essential.
I will have the following as it relates to the EA
- Source code
- Ownership and Copyright of code
- EA should have a Password input
- I will need as much as 3 weeks to test the accuracy of robot before finalizing payment
- Robot should be usable on any product, currency, indices or stock