Writing of an Expert Advisor

MQL5 Experten

Spezifikation

       

entry condition

                if previous candle (1 hour default) if bullish then buy at opening price .

                similary if  previous candle (1 hour default) if bearish then sell at opening price .

Take profit / Stop Loss

                Fixed stop loss and takeprofit (input)

Trade only in between

                Start time = 11:00 (default in input) as per Indian standard time

                End time = 23:00

Position Sizing

                Qty  =  0.01 lot (default / input)

Increase qty two consecutive loss . no increase in qty after profit.

First loss

.01

Second loss

.01

Third loss

.02

Fourth loss

.04

Fifth loss

.08

 

Stop this process / series as instructed in input section of expert advisor

                                Losing streak = 5 (Default/input)

 

Note :

1 . No new trade , if previous trade is yet to be closed.

2. stop trading for a day  if losing streak hit at max (max =( Losing streak = 5 (Default/input)))

3. no new trade after “End time = 23:00” but wait for old  trade to hit TP/Sl.

 4. code the strategy in manner where we can edit entry and exit condition and positon sizing will remain same 


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