Need a coder, I guess this needs little time for coding, because no indicator needed

[newbee1713006039]

Here my idea, works rather good manually but need to be coded, because it does scalp:

 

In this case, we have 2 pips spread

lets say, we open a "buy order" with 0.01 lots at 1.0017, tp 3 pips but only fo the first order.

 

when the trend goes against our buy order, we open a "sell order", which is calculated (pips spread + 5 pips below "buy order", which in this case is 2+5=7)

So we open a "sell order" at 1.0010 with 0.02 lots

 

And then we wait for a profit and close all orders.

 

If the trend again goes against our last "sell order", we ADD another "buy order" as soon as we reach 1.0017 again, with 0.03 lots

And wait for our profit to close all orders.

 

The EA should open the order type which was opened at last, to go with the trend.

 

You see we use some kind of martingale, but this is a different one.

 

Normally we have a martingale like this

1, 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024

 

But we use

1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 (you see, we just summate the last to values, like 3 + 5= 8 or 21 + 34 =55)

But I do not believe that we need all the steps

 

which in our case is

0.01 buy at 1.0017

0.02 sell at 1.0010

0.03 buy at 1.0017 add to existing buy order

0.05 sell at 1.0010 add to existing sell order

0.08 buy at 1.0017 add to existing buy order

0.13 sell at 1.0010 add to existing sell order

0.21 buy at 1.0017 add to existing buy order

0.34 sell at 1.0010 add to existing sell order

0.55 buy at 1.0017 add to existing buy order

0.89 sell at 1.0010 add to existing sell order

1.44 buy at 1.0017 add to existing buy order

 

 

This EA should only have a timefilter for friday, until what hour we want to trade.

Should be usable on all timeframes and all pairs, because we always calculate our sell order price by pip spread + 5 pips below buy order = sell order

We could use a MM

Should be tradedable at 4 and 5 digit broker

If possible, it should be able recognize and trade automatically, pairs and their suffix like (EURUSDm, EURUSDus, EURUSDjfx)

 

Are you also able to code this for MT5?

 

regards

newbee

Edited June 28, 2010 by newbee

[dinj]

I spent some time with a similiar robot about a month ago. It was some kind of trend and counter-trend martingale

Take a look here:

http://indo-investasi.com/showthread.php/6707-(REQ)-make-this-EA-work-on-5-digits?highlight=paulo+costa