Dual Pyramid

This EA will place Buy and Sell Orders of the same size at the same time.

EA Will “pyramid” in the direction of the winning trade, “increasing” its lot size positions for every X distance. Before each increase, EA will close its previous position in profit.

The user will NOT input lot size increase, but instead………….EA will calculate lot size with this question.  “What is the lot size that I can increase, where loss = BreakEven at Step price?”

For Example, Buy and Sell ordered opened @ 1.0000

Step = 20 Pips

Distance = 40 Pips

Buy side moves 20 Pips in profit @1.0020 .   Do nothing

Buy side moves 40 Pips in profit @ 1.0040 . Close Buy Order, then ask, what is increase lot size to break Even @ 1.0020   

Rules - Based on Example Above

·         IF Basket TP is not hit but market is still moving in BUY direction, then pattern will continue with Step & Distance until TP is reached.

·         IF BUY breakeven is hit, but Sell Trade is still open due to no overall BasketTP, then EA will reenter the original size trade, BUT the new price will be the STARTING LINE for Step and Distance Calculations.

o   In this example, Sell order will have overall loss, but new starting position for both orders will be at @1.0020.  Sell order will follow the rules of new position, and TP calculation will have to include floating losses.

·         Lot size to “Round Down” to nearest .01 price when necessary

·         Entry – There are no specific entry rules. Cycle will just continue for backtesting.

Parameters -

Starting Lot

Step

Distance

Basket TP Type (Fixed/Dynamic)

·         Fixed = Based on Starting Lot

·         Dynamic = Based on largest lot size

Basket TP

Basket SL (Fixed/Dynamic)

Basket SL