A grid EA , with 1 indicator .
1. Speed/ Tick Indicator. ( True/ False )
Activates the Pending order, when EA detects Speed/ Tick data or senses volatility.
2. Ea places Sell Stop & Buy Stop " x" pips apart.
3. When one of the order is triggered, EA moves the other pending stop Order as follows.
a. Example: EUR/USD Buy Order is trigerred at 1.4200 , Sell Stop is at 1.4170
Price moves to 1.4199 , sell stop Modified to 1.4171 .... Each loss pip triggers closing up of Sell stop by 1 pip.
However if price moves to 1.2003.. Sell pending stop is triggered by 1 pip an is placed at 1.4171 .
In brief, loss of a trade by each pip modified sell stop by 1 pip, and gain trade modified sell stops only by 1 pip
for every 3 pips.
4. timer function .
Hence these are the external parameters required.
1. Sell Pending Order = True/ False
2. Buy Pending Order = True/ False
3. Trade time start = 0
4. Trade time Stop = 24
5. Trade Comment =
6. Stop Order distance =
7. Modify [url removed, login to view] When pips moves to loss by =
8. Modify [url removed, login to view] when pips moves to profit by =
9. Use Speed Indicator function = True/False
Another important criteria would be to modify the orders internally without placing modifications to brokers inorder
to avoid excessive trades modifications , thereby avoiding any Broker ban.
I have a few Speed / Tick Indicators, which I can send by Pm . Please throw any doubts you may have.
Programmers with Skype preferred .