Hi,
I require a trading robot based off of the zonal recovery strategy that places buy orders and sell orders at specific levels.
Logic 1
1. A single Buy trade is placed immediately onto the chart with a stop loss of 20 pips, and take profit of 20 pips.
2. A sell order appears 10 pips above the first buy trade with a stop loss on 10 pips and take profit of 30 pips, making the target and stop loss equal to the initial buy trade.
3. A buy order appears 30 pips below the first sell order (2) if the first sell order has activated. Stop loss is 10 pips, take profit is 30 pips.
4. After the second buy has opened (3), a sell order will appear in the same place as the first sell with the same take profit and stop loss as the first sell.
5. After the second sell has opened (4), a buy order will appear in the same place as the second buy with the same take profit and stop loss as the second buy.
6. After the third buy has opened, logics (4) and (5) are repeated until there are a total of 8 buy trades and a total of 8 sell trades.
Logic 2
1. A single Sell trade is placed immediately onto the chart with a stop loss of 20 pips, and take profit of 20 pips.
2. A sell order appears 1 pip below the first sell trade with a stop loss on 21 pips and take profit of 19 pips, making the target and stop loss equal to the initial sell trade.
3. A buy order appears 11 pips above the second sell order (2) if the second sell order has activated. Stop loss is 30 pips, take profit is 10 pips.
4. After the first buy has opened (3), a sell order will appear 3 pips lower than first buy. stop loss of 7 pips and take profit of 13 pips.
5. After the third sell has opened (4), a buy order will appear in the same place as the first buy with the same take profit and stop loss as the first buy.
6. After the second buy has opened, logic (5) is repeated for buy trades, and all sell trades use the same level as the third sell (4) until there are a total of 8 buy trades and a total of 9 sell trades.
Key features
1. logic 1 and logic 2 would need to run within the same code as both logics run at the same time independently (i presume will require separate magic numbers)
2. Once a stop loss or take profit is hit for any trades within logic 1 or 2, all trades open regardless of which logics have trades open will need to close immediately and restart the process from step 1 in both logic 1 and 2.
3. Logic 1 and 2 may have trades opening in different places, but the stop loss levels should match for all trades and the same for take profit levels.
4. ideally the robot should trade between 1am-9pm GMT to minimize spread issues
5. all trades that have identical levels must open in the same place, slippage will cause problems to the robot.
Any help on this would be greatly appreciated and i am happy to answer any questions connecting to this in case i wasn't very clear. I have provided an example below that may help with understanding how the logics work and why the number of pips have been chosen.
Example of trade positioning within the 40 pip range connecting to the first trades within logic 1 and 2.

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