Example - Scale Price Gap Up by Rate
Example - Scale Price Gap Up by Rate
- Goal: I want to start with 10 pips gap size and I want the EA to start scaling up the 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 bigger by 50%, compounding for each subsequent level.
- How-to: Here is an example EA configuration how to achieve the above:
- Price Gap = 10
- Gap Scaling Start Level = 2
- Gap Scaling Rate = 150
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 - 75.9 Up 5 - 50.6 Up 4 - 33.8 Up 3 - 22.5 Up 2 - 15 Up 1 Exit at Closure Target 10 Initial Entry 10 10 Down 1 10 Exit at Closure Target Down 2 15 - Down 3 22.5 - Down 4 33.8 - Down 5 50.6 - Down 6 75.9 -