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Hello,
I'm rather newbie to forex, so .... but i will try to explain what robot/script do i need.
If im not wrong there is strategy called hedging.....
I would like this strategy to be automated, but .... I will do it in eur/usd pairs
I would like bot do like this : when i run him : open /buy or sell for 0.01 lot , the take profit is for example 4 pips and the hedging zone is 3 pips for example ( it would be good if i could change this options ( like 0.01 lot could be 0.02 ....... etc and the 4 pips can change for 5 pips etc.
But i need the lots will be : 0.01,
0.03,
0.09,
0.27,
0.81,
2.43,
7.29,
21.87
65.61
196.83
so its 3x times the pravious lot ( if i could change it would be good )
Now i will explain exacly what i want to bot to work :
First he made sell (0.01lot ) for 1.7653 and the take profit is 5 pips so take profit will be set it 1.7658 right
and in the same time stop loss is set to 1.7644 becouse the zone is 4 pips and stop loss is 5 pips ok ?
But in the same time bot will do buy (0.03lot) if the price reach 1.7649 ( 4 zone pips ) and take profit in 1.7644
and stop loss at 1.7658
and we continuing doing this but multiple lot 0.09 .....0.27 ......
Is that understanding ?
As on the atached file but the lots and pips are LOWER.
Im thinking about robot that will do automaticaly buy/sell in 1 minute not 1action in 1 hour just about 10 so i expect profit like 1-2pips from 10 minutes
Can U tell me if it make sense and will work ?
I use meta trader 5.0 , If this script would work also in demo account and in real it would be great.