The strategy (Long only) is based on the identification of a starting range (0%/100%) calculated on a daily starting bar, on that range are calculated the percentages of 73/50/26/-17 and on each level are placed pending orders for a total of 50 micro lots of entries. For each of the entries made is established a take profit and an initial stop loss. If the price rises after touching any of those entry levels a trailing stop is set which are raised when the next levels are reached one after the other.
Any range is considered definitive ONLY if the price has reached AT LEAST the correction of the 26% level, otherwise if this does not happen, the 100% level of that range must be updated on the new maximum that the price has reached, in this case, at each new maximum a new range is considered, with its new entry percentages and its new 50 entries. The maximum number of contemporary entries must be 250.
In addition to the range as described, a new range is created EVERY TIME THE 100% LEVEL IS VIOLATED UPPER. This creates a new range that will be calculated from the minimum reached in the previous range, which will be identified as 0% and the new maximum reached, identified as (100%). On this new range will be calculated the retracement percentages on which new pending orders will be placed.
Because of this, several ranges can be found at the same time. On all identified ranges, pending orders must be placed, with stop losses and trailing stops provided.
Don't forget that ALL parameters (entry levels percentages, stop loss, take profit, trailing stops, the maximum number of simultaneous entries, time frame, etc.) of the EA, must be freely modifiable.
ust last thing...because of a typing mistake, the -33 percentage is to modify in -34%, thanks
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I can complete this task properly and on time. I have experience in Forex trading for over 15 years. I have my own trading strategy. I have already created several hundred expert advisors and custom indicators.
HI I am experienced in C Programming Software Architecture Metatrader etc I can start right now but i have few doubts and questions lets have a quick chat and get it started waiting for your reply