Example - Scale Price Gap Down by Rate

Example - Scale Price Gap Down by Rate

• Goal: I want to start with 10 pips gap size and I want the EA to start scaling down the price gap size when the price moves against the first trade by 2 or more price levels. In that case I want to make the gap sizes reduced to 80% of the gap (i.e. smaller by 20%), compounding for each subsequent level, however I do not want the gap size to become less than 5 pips.
• How-to: Here is an example EA configuration how to achieve the above:
  1. Price Gap = 10
  2. Gap Scaling Start Level = 2
  3. Gap Scaling Rate = 80
  4. Minimum Gap Size = 5

  Below shows the price gaps in pips to be used for the trade entries:

  Price Level	Effective Gaps after BUY Initial Trade	Effective Gaps after SELL Initial Trade
  Up 6	-	5
  Up 5	-	5
  Up 4	-	5.1
  Up 3	-	6.4
  Up 2	-	8
  Up 1	Exit at Closure Target	10
  Initial Entry	10	10
  Down 1	10	Exit at Closure Target
  Down 2	8	-
  Down 3	6.4	-
  Down 4	5.1	-
  Down 5	5	-
  Down 6	5	-