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Hello,
I would like to update my EA to have the following features:
- First trade: Minimum lot size
- Scaling out of positions i.e. once a certain number of trades have been multiplied it begins to use the multiplier to get out of a position 1,2,4,8,4,2,1,0 : True/False
If False then
When max lot size is hit then adjust Take Profit to xxx pips
- Multicurrency
- Max Lot size=% of balance
- Slippage
- Make the indicator signals multi-timeframe --- example timeframes: H1,M30,M5 (adjustable for each currency) True/False if false use Timeframe 1
If M5 says buy check M30
If M30 says buy check H1
If H1 says buy then buy on M5 chart.
A different way to look at it would be:
IF Timeframe 2 and 3 say buy,
then only trade on buy signals on Timeframe 1 (5m).
- Use RIPPER Algorithm for decision tree on whether to buy,sell,close
Note: When checking the higher timeframes, all they have to do is be in "buy mode" or "Sell mode" ie Green bars not just the Up arrow because that would not happen very often.
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