Golden Series

Algo to open Buy or Sell or Buy and Sell trades with a starting lot size (LOT 1) and a starting TP 1 (Y1 Pips).

Starting lot size (LOT 1) and Starting TP 1 (Y 1 Pips) are variables can be set at the beginning.

Entry is not depending of anything, Algo enter immediately when Algo run.

1. If TP 1 hit for BUY 1 order for example, Open again a new BUY 1 order with same Starting Lot size (LOT 1) and Starting TP 1.

2. If TP 1 not hit and if price drop for (X pips) from BUY 1 entry,  open BUY 2 order with LOT 2 size and TP 2 and change TP 1 of BUY 1 to the same TP2 level in a way both BUY1 and BUY 2 will close together if TP2 hit.

3. When TP 2 Hit and all BUY orders closed , start again with new BUY 1 LOT 1 TP1

NB: TP 2 is calculated by taking the average prices of BUY 1 x LOT 1 and BUY 2 x LOT 2 and add to that (Y2 Pips)  profit pips.

1. If TP 2 not hit and if price drop for X pips from BUY 2 entry,  open BUY 3 order with LOT 3 size and TP 3 and change TP 1and TP2to the same TP3 level in a way All buy orders will close together if TP3 hit.

2. When TP 3 Hit and all BUY orders closed , start again with new BUY 1 LOT 1 TP1

NB: TP 3 is calculated by taking the average prices of BUY 1 x LOT 1 and BUY 2 x LOT 2 and BUY 3 x LOT 3 and add to that (Y3 Pips)  profit pips.

And so on until Maximum number of opened orders achieved. (MAX = n)

Variables:

 LOT 1 , LOT 2, LOT 3 …..LOT n

Y1 Pips, Y2 Pips, Y3 Pips …..Y n Pips

X Pips

NB: to be taken in consideration any parameters that affecting the calculations like Commission, SWAP, Spread, or affecting the entry like Slippage.

The same criteria to be followed for the SELL orders.