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Create Buy Limit Orders at Multiples of Order Distance

MQL4 Experten

Spezifikation

EA Name: Create Buy Limit Order

Inputs:
1) LimitOrderType = Buy Limit (Put this in a Dropdown)

2) Stopout Margin Level = X% (300%) ---> Must close all the open limit orders if margin level reaches X% & Should not create any new Limit order (Stop the EA and not create any Limit Orders)
3) RestartMarginLevel = Y% (500%) --- Restart the process of creating Limit orders once the margin level is greater than Y%
4) BUY_Lot size = ___ (eg. 0.01)     ---> Create Buy Limit orders at this Lot Size

5) BUY_Order_Distance = X Pips (eg. 2500 PIPS) -----Create Limit orders at this OrderDistance Pips
6) BUY_TakeProfit = N PIPS (eg. 5000 PIPS) --  (When limit orders are created, they should have this TP. Eg. Order opened at $1000, should have TP as 1050)
7) BUY_StopLoss = M PIPS (eg. 1000 PIPS) -- (When limit orders are created, they should have this SL Eg. Order opened at $1000, should have TP as 1010)
8) BUY_Max Order Qty (Q) = ___ (Number of Orders to Maintain at any time)

Process:
Step1- Once the EA is initialized/started, Close all limit orders created by this EA in the past + Remove any object list in the chart.

Step2 - Order creation : Create (Q) number of limit orders at MULTIPLES OF THE ORDER DISTANCE ONLY below the current price.
Use the following formula to create the buy limit orders for the first time.
--> Round(Current Price)-Round(Current Price) mod OrderDistance - OrderDistance


Example:
(Assume Q=10, current Price=995.6, Order Distance=2500 PIS = 25$)

- Create buylimit orders at 950,925,900,875,850,825,800,775,750,725
- First Buy limit order to create is ---> Round(Current Price)-Round(Current Price) mod OrderDistance-Order Distance = 995.6-995.6 mod 25 -25 =950
- Second Buy limit order to create is 950-25 = 925
- Third  Buy limit order to create is 925-25 = 900
- 10th Buy limit order to create = 725

*Once the price increases and hits 1000, create an order of 1000-25=975 and so on


2) At any point in time ensure that there are Q number of buy limit orders at any point of time. For this need to create 1 more highest limit order when price moves up &delete the lowest 
OR need to create an even lower limit order when price moved down.

3) Donot create a buy limit order for an order that already exist.

eg. When a Buy order of 975 exists, then shd not create the BUY Limit order of 975

Dateien:

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