Status
Closed
Budget
50.00 USD
Payment Method
Direct Payment
Job Description
A simple Buy and Sell Robot
Name : SK Pips Buy Sell Robot - Dec'13
Concept :
This would be simple robot that "opens a position" of Buy or Sell depending on certain conditions.
User Inputs :
(1) "Select Item" = Gold, Silver or Currencies or Oil
(2) "Start Price" = 1190 (when this price is crossed, the robot will trigger. i.e. it starts
(3) "Open Buy" = +200 pips (when a certain Pips as defined are reached, then an BUY position is opened, and a 'Current Pip' is reset to zero again)
(4) "Delay Buy Time" = 60 sec (the time robots waits, before opening a Buy position and sees the price is still above +200 pips or as defined by user in # (3).
(5) "Open Sell" = -150 pips (when a certain Pips as defined are reached, then a SELL position is opened, a 'Current Pip' is reset to zero again)
(6) "Delay Sell Time" = 60 sec (the time robots waits, before opening a SELL position and sees the price is still above +200 pips or as defined by user in # (5), then only it opens the Sell Position.
(7) "Numbers of Buy" = 5 (max. numbers of buys to open)
(8) "Numbers of Sell" = 3 (max. numbers of sells to open)
(9) "Buy Size" = 10 oz (the size of the position to be opened)
(10) "Sell Size" = 5 oz (the size of the position to be opened)
(11) "Stop Equity Profit" = +USD 100 (if this increase is reached in the original equity, the Robots close all positions).
(12) "Stop Equity Loss" = -USD 20 (if this decrease is reached in the original equity, the Robots close all positions).
(13) "Warning" = 500% margin (to flag a margin on screen, through flashing and sound that margin is lower, then the defined user limit.
(14) "After Close All" = repeat or stop (if all transactions has been closed, then should the Robot start again or stop and wait for user)
Some constants and values :
(a) Master Pips : it records the the overall Pips status, when the Robot started.
(b) Current Pip : it is reset to 'zero', when ever a Position is opened and Robot always checks it value before opening a position
(c) Total Buy Count = records the number of buy position has been opened so far.
(d) Total Sell Count = records the number of buy position has been opened so far.
The Theme :
Robot activates/starts when certain price as mentioned is reached.
Now it watches the pips as defined by the user.
When the price increases by that certain pips as mentioned by the user, it starts monitoring the time as mentioned by the user, and if after that time has passed and the PRICE is still above that certain pips mentioned by the user, IT OPENS the position, resets the 'current pips' back to zero and monitor the price again. It opens position on the 'current pips' value and not on 'master pips' value.
It only opens DEFINED number of BUYS & SELLs by the user. And when equity has reached a certain defined target, it closes all the positions and start again or wait for the user.
It has some warning for the user to take control, and disengage the robot.