Greetings to all
Some time ago I saw the thread ( http://www.forexfactory.com/showthread.php?t=515093 ) and I decided to turn it into a EA grid
but this strategy is profitable only in Trend market , and in Range Market is not profitable, I am reforming it to make good on the Range market
if you have experience to improve This strategy In Range Market, Please Give me a message
Be healthy and wealthy
************************************ RULES **********************************
EA will open 10 BUY STOP orders & 10 SELL STOP orders. ( changeable no of orders), Taking orders 10 Pips from the market price/or given price ( changeable )
Take profit 10 pips & stop loss 20 pips ( changeable).
we have to test that EA which risk reward ratio give us good result thats why TP and SL should be changeable ..
Now, if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just above those older Sell Stop orders maintaining the same
distance 10 pips.
2> At the same time it will remove a Sell Stop Order from the bottom of those
older Sell Stops.
3> EA will add a New BUY STOP order just above those older Buy Stops keeping
the same distance 10 pips.
4> As long as market will go to the same direction and hit take profit, EA will
keep continue the rules. {( all these 4 things must happen in a second ( no delay)}
> If price triggers SELL STOP first, then opposite rules will be applied ( I hope it's easy for you to understand )
>>> Now, if price comes back & hit stop loss then EA will add a BUY STOP Just bellow the previous buy stop order
maintaining the same distance 10 pips.
>>> And just opposite rules will be applied if price comes back after hitting a Sell Stop & hit stop loss.
Number of Pending orders always will be 10+ 10 = 20 (changeable)
**************************************************************************************
Little change is:
if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just below that TP(distance 10 pip)
if price triggers SELL STOP & hit take profit, as soon as this Order closed
2> EA will Add a New BUY STOP just above that TP(distance 10 pip)
and the same ruls for SELLSTOPLOSS and BUYSTOPLOSS
**************************************************************************************
Please be careful : This is the EXPERT of these rules and not for use in real accounts.
Some time ago I saw the thread ( http://www.forexfactory.com/showthread.php?t=515093 ) and I decided to turn it into a EA grid
but this strategy is profitable only in Trend market , and in Range Market is not profitable, I am reforming it to make good on the Range market
if you have experience to improve This strategy In Range Market, Please Give me a message
Be healthy and wealthy
************************************ RULES **********************************
EA will open 10 BUY STOP orders & 10 SELL STOP orders. ( changeable no of orders), Taking orders 10 Pips from the market price/or given price ( changeable )
Take profit 10 pips & stop loss 20 pips ( changeable).
we have to test that EA which risk reward ratio give us good result thats why TP and SL should be changeable ..
Now, if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just above those older Sell Stop orders maintaining the same
distance 10 pips.
2> At the same time it will remove a Sell Stop Order from the bottom of those
older Sell Stops.
3> EA will add a New BUY STOP order just above those older Buy Stops keeping
the same distance 10 pips.
4> As long as market will go to the same direction and hit take profit, EA will
keep continue the rules. {( all these 4 things must happen in a second ( no delay)}
> If price triggers SELL STOP first, then opposite rules will be applied ( I hope it's easy for you to understand )
>>> Now, if price comes back & hit stop loss then EA will add a BUY STOP Just bellow the previous buy stop order
maintaining the same distance 10 pips.
>>> And just opposite rules will be applied if price comes back after hitting a Sell Stop & hit stop loss.
Number of Pending orders always will be 10+ 10 = 20 (changeable)
**************************************************************************************
Little change is:
if price triggers BUY STOP & hit take profit, as soon as this Order closed
1> EA will Add a New SELL STOP just below that TP(distance 10 pip)
if price triggers SELL STOP & hit take profit, as soon as this Order closed
2> EA will Add a New BUY STOP just above that TP(distance 10 pip)
and the same ruls for SELLSTOPLOSS and BUYSTOPLOSS
**************************************************************************************
Please be careful : This is the EXPERT of these rules and not for use in real accounts.
Attached File(s)
Grid-Shahed58-Ver2.ex4
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Uploaded Dec 29, 2017 3:01am
be healthy and wealthy... Ceeport