QUOTE(carrer @ Nov 6 2015, 12:27 AM)
I can code for you. What is the consecutive losses? If it's too many, it's not worth it.
it's martingale so 100% win until you blow up your account in ranging market but with good MO and lots of capital you can prevent that
it's like EA in this thread but there are many differences, refer to post 1452
http://www.forexfactory.com/showthread.php?t=109589I think a simple EA should be created with this logic .... the EA need not have any benchmark indicator.
1. The EA set up 1 BUYSTOP order and the 1 SELLSTOP order away in equal increments from a middle starting point.
2. When price triggers one level,
Example: When the price is at 1333.00, BUY is triggered 0.01 lot with TP at 1343.00 & SL at 1317.
Having a BUY open position, the EA shall immediately open a pending Sellstop 500 points below ie open a SELLSTOP at 1328.00 with 0.02 lot (2x the lot of the last Buy position) with TP at 1317.50 & SL at 1343.50 (Spread added assuming that the spread on Gold is 50).
Suppose the price goes down to 1328 then it will trigger the pending SELL sellstop 0.02 lot.
3. When the sellstop order of 0.02 lot gets triggered, the EA mustagain immediately open a pending BUYSTOP with 0.04 lots (2x the last trigerred order), 500 points above the sale level at 1333.00 with same TP at 1343.00 & SL at 1317.
Suppose the price rose to 1333.00 then pending BUYSTOP will get triggered with 0.04 lot.
4. When this happens then again the EA must make SELLSTOP of 0.08 lots at 1328.00 (2x open buy lot earlier) ... this countinues till the basket hits either the TOP TARGET PRICE OF 1343.00 or the BOTTOM TARGET PRICE OF 1317.00.
Suppose the price rises & hits the TP of the BUY positions @1343, at the same time simultaneously, it will also hit the SL of the SELL positions @ 1343.50 (50 spread included).
Similarly in case the price falls & hits the TP of the SELL positions @ 1317.50 (50 spread included), at the same time simultaneously, it will hit the SL of the BUY positions @ 1317.
This way all the BUY & SELL positions will close simultaneously resulting in sure profit no matter where the market moves, when one of the top or the bottom targeted prices is hit, profit will be made. in fact the longer it takes to reach such point, the more money it will make!