My target to achieve 20 PIPS per trade, but i want to continue to open positions until that 20 PIPS target is achieved....once achieved, all the opened positions to be CLOSED IMMEDIATELY.
1. IF Moving Average + CCI and Current Candle signals for BUY….Then, place our First Trade (BUY AT MARKET 0.1 LOT).
2. IF Target Profit 20 PIPS is not achieved and market is reversed, then place our Second Trade (SHORT AT MARKET 0.40 LOT) at the same price level of First BUY Trade.
3. IF Target Profit 20 PIPS is still not achieved and market is reversed back, then place our Third Trade (BUY AT MARKET 0.90 LOT) at the same price level of First Trade and Second Trade.
4. AND SO ON……until the target profit of 20 pips is achieve.
First Trade 0.1 LOT ( is nothing but 1square (1x1)
Second Trade 0.4 LOT ( is nothing but 2square (2x2)
Third Trade 0.9 LOT ( is nothing but 3square (3x3)
Fourth Trade 1.6 LOT ( is nothing but 4square (4x4)
Fifth Trade 2.5 LOT ( is nothing but 5square (5x5)
NO STOP LOSS IS REQUIRED
NO TRAILING STOP IS REQUIRED
1. ALL trades to be continue to be in OPEN position until the Target Profit 20 PIPS is achieved.
2. ONCE 20 PIPS target is achieved, then, ALL the opened positions to be closed immediately.
3. START the strategy from STEP 1 again for fresh trades.
IF Moving Average + CCI and Current Candle signals for SELL…. Then, the above strategy to be reversed.
- Open First Trade as SHORT at Market (0.1 LOT)
- Second Trade as BUY at market (0.40 Lots at the same price level of First Trade)
- Third Trade SHORT at Market (0.90 Lots) etc….until the target profit 20 PIPs are achieved.
Kindly writes codes as quickly as possible and please send me your quote as well.
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