Buy/Sell When Price Moves Into My Desired Direction Only - Zone-Based Trading EA/Indicator

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Ausführungszeit 204 Tage
Bewertung des Kunden
Working with Phil was great! He is responsive, handles requests and updates in a timely manner and delivered a working product that exceeds my expectations. I look forward to working with him again!
Bewertung des Entwicklers
It was a pleasure working with AJ. Challenging project but together we pulled it off. Great eye for detail and giving information required. Very positive person. Looking forward to another time!

Spezifikation

I’m wanting an EA that allows me to trade using a zone-based strategy. A zone is essentially a price area at which one usually believes price is going to reverse. We commonly find them in trading referred to as “price reversal zones”, “pivots” or “supply/demand zones”. 

When I’m trading in a zone, I usually draw out the price at which I’m willing to buy/sell into the zone (this is my entry price) and the price that I will exit the trade if the price of the asset is not moving in my desired direction (this is my stop loss price). Additionally, I set a target for where I think price will go if it is successful in reversing.

As of right now, to get the lowest risk entry, I have to literally sit and watch price. I set price alerts in my platform and then once price crosses my alert price, I have to be there to place an order. This order is usually a buy stop or sell stop.

I only want to enter trades when price actually reverses and exits the zone in my desired direction. We call that a “confirmation entry” because price moves into my order from within the zone. I don’t want to have to sit and wait for price to enter the zone and then place the orders. I want the EA to do this for me.

I want an EA that will allow me to designate all of the necessary variables, then that places an order when price crosses the activation price that I set. Additionally, I want to be able to use two protective stops. One standard stop loss that sits at a certain pre-defined price (usually a few pips below the zone) and the second one would be a trailing stop that allows for partial take profits and closes based on if price returns to trigger the trailing stop.

Here’s the specs…

  1. Be able to Input if the order is a buy/sell. 
  2. I want to input the lot size of the trade. 
  3. I want to input the asset to trade, i.e. EUR/USD, XAGUSD, a stock, commodity, or whatever else I’m trading.
  4. Input the near current price zone line, i.e. the price at which price needs to cross in order for the EA to place my buy/sell stop order. We can call this the "activation price", or "proximal zone price”.
  5. Input the far from current price zone line, i.e. the price at which the EA will cancel my buy/sell stop order if price crosses this line. We can call this the "invalidation price" or the "distal zone price”.
  6. Input the actual purchase price, i.e. the price at which the order should be placed if price crosses the activation price line. —> This is the buy/sell stop order.
  7. Input the standard stop loss/protective stop price for the buy/sell stop order to be placed.
  8. Input the target price of the buy/sell stop order that will be placed.
  9. Set if there should be a trailing stop or not.
  10. Set the number of pips for the trailing stop.
  11. Set the partial lot size that should be closed if price returns to the level of the trailing stop.
  12. The standard stop loss closes any remaining portion of the lot size if price returns to the level of the standard stop. The standard stop can be moved up and adjusted as usual.
  13. I’d like to have an ID number or Unique identifier for the relating "invalidation listeners" and entry orders set by the EA.
  14. If the market price reaches my pending order entry price and fills the order, the EA should cancel the “invalidation listener”.
  15. Once the trade is active in the market and the order filled, the EA should essentially be “off” for that trade and do nothing else. (The trailing stop could just be an instance of MT4’s standard trailing stop feature that is simply triggered by the order that the EA set, the trade itself does not need to be managed by the EA at all once activated.
  16. I’d like to be able to manually cancel any pending activation zones and be sure that the EA does not set any pending orders after doing so.
  17. I’d like to be able to see a full list of all of the pending activation zones that the EA is listening for and be able to manage (i.e. edit and delete) them.
  18. When managing the pending activation zones, there should be an alert if I’m about to delete and invalidation listener that is listening for a pending entry order that has yet to be filled.
  19. The EA has to be able to calculate the acceleration of price into the zone so that it can evaluate whether to place the buy/sell order immediately, or to wait until price has firmly entered the zone. For example, sometimes price reaches my desired zone and and it straddles my entry price line for a good bit of time before it goes in either direction. Hesitant price movement like this would cause the EA to delay placing the order and/or adjust the activation price to be further into the zone.
  20. So there needs to be an input also for how many pips into the zone that the EA has permission to move the activation price if the acceleration of price is above/below a certain value.
  21. There may also need to be an input for what degree or percentage of acceleration of price into the zone to include in the EA's evaluation of when to place the live order.
There may be a few other variables that we have to evaluate that I'm not yet able to list because of the conceptual nature of the idea. When we are testing in real-world, live market scenarios, I (and you) will be better able to access any additional needs/adjustments.

The general idea here is that I want to minimize my risk with zone-based trading. I only want to get into a trade if it’s moving into my ideal price. And I do not want to put money on the table if it is not. Additionally, I want the option to place a trailing stop to secure profits immediately on the first pull back in any move that is a move in my desired direction.


In the images above, you’re seeing the actual pending MT4 order on the asset. This is what it would look like after the activation price has been reached and the EA places the order. Additionally though, the EA would be “listening” to price to ensure that if it crosses below the invalidation price (usually the same as the pending stop loss), that the order will be canceled and ruled out as invalidated.

Once price moves up into the buy price, the order would be activated with a trailing stop that is trailing by whatever number of pips I’ve indicated for that particular trade.


Here's a screenshot (demo-mockup) of the interface that I'm looking for.


(Also attached as a file for close up review.)

Along with the specifics that are described above, do you feel that you are able to do you believe that this is something you can code? If so, I would appreciate reviewing your application! This development agreement would be totally exclusive ownership to me. You would not be able to use, reproduce, showcase or otherwise share, distribute, etc. the code or finished product that you develop for me.

PLEASE PROVIDE A PRICE QUOTE FOR HOW MUCH YOU FEEL IT WOULD TAKE FOR YOU TO DO THIS JOB AND THE AMOUNT OF TIME IT WILL TAKE.

Thanks in advance!

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