Sunday, December 23, 2007

trade strategy

EA start buy and sell same lot size, normally start with smallest lot size at 2pm local time.

EA open sets of pending order for sell limit and buy limit.

If sell hit tp, all pending sell is deleted, new set of sells are prepared.

Pending buy will be opened, and tp for opened buys will be adjusted to same as latest buy tp to ensure all buys are closed once latest buy hit tp.

The risk is at stop loss as normall as any strategies except the stop loss for this strategy is set equal to max trades number and distance for each trades or tp. for current setting max trades is 7 and distance is 15p, means stop loss is at 105pip.

lots are set at 0.1, 0.1, 0.2, 0.4, 0.8, 1.6, 3.2lot.

this setting is more suitable for pair eur/usd.

timer has been set for trades, some built in function such as to delete all remaining pending order at 9pm to avoid high volatility during USA market. Remaining opened trades are left for the traders either to let it opened or close all manually.

you can also specify if you want EA to close all opened trades by 9pm.

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