We know Martingale is dangerous, we know pyramiding is dangerous, but, could you help me with this one?(EA):
-Upper level and Lower level have the same distance from entry price
-If price is greater than LWMA(20) enter long
-If price is less than LWMA(20) enter short
-If long, and "Upper level" is met, close it, and open immediately a new position (same type of previous one)
-If short, and "Lower level" is met, close it, and open immediately a new position (same type of previous one)
-If long, and "Lower level" is reached, open new contrarian position (increase previous lots "x" times) do not close the previous one, define the new upper and lower level for the new position, if price meets new position upper level, close all positions when overall profit is "x" pips (and start over), if price reaches new position Lower level, open a new contrarian position with same last lots and define new upper and lower level - loop it until profit.
-Do the inverse if short
Hope you understand it.