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| Time based Equity Monitoring EA on Basket Trades https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3226 |
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| Author: | SpiderX [ Wed Oct 30, 2013 1:19 am ] |
| Post subject: | Time based Equity Monitoring EA on Basket Trades |
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 |
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