Time based Equity Monitoring EA on Basket Trades

Place your new trading idea here to see if someone can automate it.
Post Reply
User avatar
SpiderX
Trader
Posts: 554
Joined: Thu Aug 22, 2013 4:50 pm

Time based Equity Monitoring EA on Basket Trades

Post by SpiderX »

Hi,

I would like to request for an time based equity monitoring EA on basket trades.

Parameters and details as follows:
1. Timeframe : 15mins, 30mins, 1h , 4h , D
2. Stop Loss: N%

EA will set a stop-loss of N% on the equity at every fixed interval in time.
For example,
if timeframe = 1h, and stop loss =5%
Every 1 hour, EA will set a stop loss of 5% based on the equity at that point of time.
The stop loss will be set again every hour based on the new equity at the end of hour.
If stop loss is hit, EA will close all basket trades.

Based on this , the EA would not allow more than 5% of loss of equity within 1 hr, however, if the equity drops is gradual, the 5% loss of equity can still occur over a few hours.

Purpose of EA: To prevent excessively rapid/sudden drops in equity within short periods of time.

Cheers
"Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs.Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, always perseveres."
-Corinthians 13:4-8
Post Reply

Return to “Ideas for Possible Automation”