Cross over EA modification

MQL4 Experten

Spezifikation

Oleksandr,

I am attaching the modifications to the SL options I discussed with you yesterday for the Crossover EA. This way you can price this additionally if there is additional cost. I have included an updated Crossover EA document which contains the additions.

Also, I have added another option that can be included in the EA. They are explained here. But I have also included them in an updated Crossover EA document which is attached.

So please price this separately to make it easier even though it is part of the same job. My apologies.

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Crossover EA modification 7-8-16

The following is the change I previously made to the trailing stop:

SL and trailing stop relationship

The initial trailing stop will always begin at the farthest SL.  If more than one SL is used, then as price moves into profit, the trailing stop will only move incrementally once price has moved the same distance as the last SL to the next. For example, if there are 4 SL levels, then the trail will make its first move from SL4 to SL3. The trail will not move pip for pip. It will wait until price has moved the same distance as the distance between SL4 and SL3. Then it will leap forward to SL3. Example:

 If there are 4 SL's at 20 pips apart, the TS will move forward 20 pips from SL4 to SL3, then another 20 pips from SL3 to SL2. It will not move pip for pip.  This rule only applies when using more than one SL. If only using one SL, then the TS moves pip for pip with price.

______________________________________________________________________________

Addition:

I am also adding an input option which screens all trades based upon the ATR. Any time the ATR is below _____  for the past _____ periods,  trades will not open. This is to prevent trades from opening in sideways or slow moving market conditions. Note the following settings:

Setting: ATR 1

ATR screens all trades T/F

Trades open when___ period ATR is above ______ pips.

Note: This ATR will have its own independent property settings.

 

 

 

-------Note -------

Since this EA uses 2 different ATR functions, I have listed them in the document as ATR 1 and ATR 2. They are both used for completely different functions, and each has its own setting.

ATR 2 is listed under the Trigger Options since it will limit when a trade opening is triggered. Note the following setting:

ATR 2

Limit open to pips from last   ____ periods

I have highlighted in green these 2 different ATR options, and their placement in the UI.

 


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