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EA works on grid strategy
No stop loss for any order
User will specify lots sizes for trend orders and reverse orders in addition to the grid size (example: 200 pips grid size)
EA starts with opening Buy & Sell orders at the same time with a user input lot size (example: 0.01)
EXAMPLES below in case price goes UP:
Example 1:
if price goes 100 pips up, the 0.01 buy order will close (200x0.01 = 20$ profit).
EA will immediately open level 2 orders buy & sell (0.02 buy) and (0.02 sell).
if price REVERSES 100 pip, EA will close all orders and start a new cycle
results will be:
+20 $ from 0.01 buy order
+40 $ from 0.02 sell order
-40 $ from 0.02 buy order
Total = 20 $
Example 2:
if price goes 100 pips up, the 0.01 buy order will close (200x0.01 = 20$ profit).
EA will immediately open level 2 orders buy & sell (0.02 buy) and (0.02 sell).
Prices continuous going up 100 pips to next grid level
EA will immediately open level 3 orders buy & sell (0.03 buy) and (0.03 sell).
if price REVERSES 100 pip, EA will close all orders and start a new cycle
results will be:
+20 $ from 0.01 buy order
+40 $ from 0.02 buy order
+60 $ from 0.03 sell order
-60 $ from 0.03 buy order
-20 $ from 0.01 sell order
Total = 40 $
See other examples in attached picture specially for level 4, 5,......etc
the buy and sell orders will be different. thats why its important for the user to define each level (trend lot size) & (Reverse lot size)
EA should have emergency Stop loss amount in user input (example: -2000 $)
EA should have magic number option so i can run the EA on multiple currencies. EA Should manage that currency only and not mix up with other currencies orders !
