The EA creates a grid of equally spaced pending limit orders taking into account:
- The current price; sell-limit above / buy-limit below
- The trading range; computed by using the weekly highs and lows
The EA then manages the orders while they have been executed.
The logic is:
IF #EXECUTED ORDERS == 2
OPEN NEW LIMIT AT THE PEN. PRICE
IF #EXECUTED ORDERS > TOT - 2
RESET THE LIMIT ORDERS TO RANGE
- check the video for the full strategy at: https://youtu.be/f_ebFsGpIZQ?si=k8IBWe4qJxpz2zjJ
