Simple EA to open and close trades

Spezifikation

ISSUE
We are on a Forex copy service on a brokerage platform. Observation is that it is possible to loose all funds in some subscription services. All account are copied in proportion to the traders account depending on the deposit value of the account. Another item of concern is that the draw down on some subscription services due to trading strategy is as much as 70% which is not comfortable for followers

NOTE
The Forex Copy Services is run by a trader on the brokerage service.  The draw down is culled from the statistics of the trader. There have been situations where trader looses his whole balance. This is a conservative approach.

OBJECTIVES 

We want to open counter trades that are in order (same in Value as trades open on subscription and also in the same ascending order) E. G when the trader is buying, we begin to sell when total draw down of trades on the subscription equals 20% of the balance. Counter trades are opened in the same sequence as subscription trades in multiples.
As long as trend is moving in direction opposite to the subscription trades, every time market moves 5-8 pips that position should be closed and a new position in multiples of the first should be opened.
Target=8pips
Loss management:  if counter trade opens and retraces 3pips below opened position, it should be closed.

Example

Account Balance= $1000

Already Opened Trades(Sizes)=
Buy 0.01
Buy 0.05
Buy 0.1
Buy 0.5
Buy 1.0
Buy 2.0 and so on
Profit/loss on positions opened= -$200 (20% of balance)

At this point, a counter trade(same in value as the first trade opened on the subscription)=Sell 0.01(in this case) should be opened.
if Market moves 8 pips in the direction of   the counter trade, ,this Sell 0.01 position should be closed and another trade Sell ( 0.05) should be opened.if Market moves 8 pips in the direction of the counter trade this Sell 0.05 position  and so on.
if counter trade opens and retraces 3pips below opened position, it should be closed..

Conclusion
The whole essence is to manage the drawing on the subscription service, hereby, reducing the draw down to a tolerable (40%). If after this mechanism on operation and draw down equals 40% or more, all trades should be closed.

Bewerbungen

1
Entwickler 1
Bewertung
(414)
Projekte
670
33%
Schlichtung
60
17% / 32%
Frist nicht eingehalten
113
17%
Arbeitet
2
Entwickler 2
Bewertung
(595)
Projekte
927
46%
Schlichtung
31
39% / 29%
Frist nicht eingehalten
93
10%
Arbeitet
3
Entwickler 3
Bewertung
(35)
Projekte
73
51%
Schlichtung
12
33% / 33%
Frist nicht eingehalten
14
19%
Frei
4
Entwickler 4
Bewertung
(277)
Projekte
334
55%
Schlichtung
14
36% / 29%
Frist nicht eingehalten
1
0%
Frei
5
Entwickler 5
Bewertung
(7)
Projekte
9
0%
Schlichtung
4
0% / 100%
Frist nicht eingehalten
0
Frei
6
Entwickler 6
Bewertung
(258)
Projekte
395
28%
Schlichtung
69
19% / 49%
Frist nicht eingehalten
120
30%
Frei
Ähnliche Aufträge
MQL5: Box trading EA 30 - 50 USD
Project Overview: We are looking to hire an experienced MQL5 developer to create an Expert Advisor (EA) that performs a specific trading strategy involving buy-stop and sell-stop orders at a predefined time each day. The EA will dynamically adjust the lot sizes based on market conditions, and it will manage trades and orders with a focus on controlling drawdown and maximizing profitability. Requirements: Inputs
Smithpiper EA 30+ USD
i want to use 4 defualt indicators to create an EA ,BB BAND ,STOCH,HEIKEN ASHI AND PARABOLIC SAR USING TWO TIMEFRAME ON ATTACHED CHART , EXAMPLE OF SELL SETUP ON LOWER TF ,,IF PRICE HAS CROSS 50 LEVEL DOWN ON STOCHASTIC 50,3,3 AND PARABOLIC SAR HAS FORMED RESISTANCE ABOVE PRICE HEIKEN ASHI HAS TURN RED AND FINALY PRICE HAS CROSS BB BAND 50 MIDDLE LINE A SETUP IS FORMED HIGHER TIME FRAME WILL BE USE FOR FILTER FILTER
Bling Ultimate Sniper Robot Rules the robot should have - 1. Automatic stop loss, take profit and the stop loss should trail with an approach to Tp. 2. Always risk 10% of my account on every trade, with a 1:5 risk reward ratio. 3. The bot should have Mobile, IOS and Mac and Laptop versions. 4. The bot should trade indexes such XAU/USD, GBP/USD, US TECH (Nasdaq), EUR/USD, US30, BTC/USD and GBP/USD. 5. This is robot
I have an algo that is running on ProRealTime, they have their own language. It is a simple strategy with 5 conditions + SL/TP settings, very basic. I need someone that can convert or just create a functional MT5 algo (EA) from these conditions for me, if you do a good job I have around 10+ more algos that need to be transferred to MT5
Dear Developers, I would have a very simple request. I have a ML model developed in Python for EURUSD daily trading. I would like to backtest it in Meta Trader 5 using the Strategy Tester tool. For that I would need an Expert Advisor program. The input would be a csv file that contains two columns: - dates (going back for a few years on a daily basis) - trading signal (it can have only 2 values, either 1: Buy, or -1
Hi I have the code in pinescript for an indicator that I need done in Ninja Trader 1. The Trading View indicator code needs to be converted into and adapted for Ninja Trader 8 2. An indicator and Automated Trading Strategy needs to be developed. 3. Any parts of the Trading View Indicator that can't be replicated needs to be discussed with me and agreed before excluding. (there should not be any) 4. Trailing stop and
1. The Trading View indicator code needs to be converted into and adapted for Ninja Trader 8 2. An indicator and Automated Trading Strategy needs to be developed. 3. Any parts of the Trading View Indicator that can't be replicated needs to be discussed with me and agreed before excluding. (there should not be any) 4. Trailing stop and Trailing Draw Down options need to be implemented 5. Risk needs to be in % of
Create mt4 ea 50+ USD
To convert the provided MT4 indicator script into an Expert Advisor (EA) and implement prompt functionality for user input, we need to modify the code to handle external parameters and provide a user-friendly interface. Below is the EA code that incorporates prompts for user inputs
I WRITE a code i want to conect this for automatic trading through vps .and als advanced features for this code .i attached afile please watch .and give me perfect ea
Hi Developer, I would like to create the Scalping EA based for Mt4 on the investing.com data https://www.investing.com/currencies/eur-usd-technical EA have timing to adjust time to trade. follow the broker time. From starting time to end time EA have a adjustable Lot size (0.01 incremental to 0.01) EA have a adjustable TP (1pip to 100pip incremental 1pip) EA have a adjustable SL (1pip to 100pip incremental 1pip) EA

Projektdetails

Budget
30 - 50 USD
Für die Entwickler
27 - 45 USD