EA based on one candlestick pattern with Risk management

MQL5 Experts

Job finished

Execution time 18 days

Specification

A request for a simple Expert Advisor based on one candlestick pattern.

0. Risk Management

It must have a possibility to choose the risk from 1% to 5% of the account's Equity per trade


1. Enter Long


BUY Configuration


if Low[1]<Low[2] AND Open[1]<Close[1] AND Open[2]>Close[2]


then high[1]=entryBUYlevel AND low[1]=exitBUYlevel


Entry
if exitBUYlevel was untouched by Bid pice AND if Bid>entryBUYlevel Enter Long

*there should be actual crossing of entryBUYlevel. Open price of the candle where the signal appears should be lower than entryBUYlevel and when Bid goes higher than this level the BUY signal is valid. If there is a gap and the candle opens above the entryBUYlevel there is no actual crossing and there shouldn't be any BUY.


** The entryBUYlevel should be valid till either Bid<exitBUYlevel or there is a valid SELL configuration


2. Enter Short


SELL configuration

if High[1]>High[2] AND Open[1]>Close[1] AND Open[2]<Close[2]


then Low[1]=entrySELLlevel AND high[1]=exitSELLlevel


Entry

if exitSELLlevel stays untouched by Bid pice AND if Bid<entrySELLlevel Enter Short

*there should be actual crossing of entrySELLlevel. Open price of the candle where the signal appears should be higher than entrySELLlevel and when Bid goes lower than this level the SELL signal should be valid. If there is a gap and the candle opens below the entrySELLlevel there is no actual crossing and there shouldn't be any SELL.


** The entrySELLlevel should be valid till either Bid>exitSELLlevel or there is a valid BUY configuration


3. Exit Long

    • if Bid<exitLONGlevel;

    • if there is an opposite signal

    • exit on the first, second, third, fourth or fifth PROFITABLE OPEN PRICE (Larry Williams Bailout). Here must a be parameter which allows optimization;

    • Trailing stop

*there should be an option to choose either Trailing stop or PROFITABLE OPEN PRICE to be active


4. Exit Short

    • if Bid>exitSELLlevel;

    • if there is an opposite signal

    • exit on the first, second, third, fourth or fifth PROFITABLE OPEN PRICE (Larry Williams Bailout). Here must a be parameter which allows optimization;

    • Trailing stop

*there should be an option to choose either Trailing stop or PROFITABLE OPEN PRICE to be active

Responded

1
Developer 1
Rating
(4)
Projects
6
0%
Arbitration
2
50% / 50%
Overdue
0
Free
2
Developer 2
Rating
(182)
Projects
342
42%
Arbitration
118
12% / 73%
Overdue
104
30%
Free
3
Developer 3
Rating
(1235)
Projects
2820
80%
Arbitration
156
22% / 43%
Overdue
488
17%
Free
4
Developer 4
Rating
(82)
Projects
150
29%
Arbitration
9
44% / 11%
Overdue
46
31%
Free
5
Developer 5
Rating
(272)
Projects
394
63%
Arbitration
70
53% / 26%
Overdue
198
50%
Free
6
Developer 6
Rating
(15)
Projects
65
58%
Arbitration
6
17% / 33%
Overdue
39
60%
Free
7
Developer 7
Rating
(62)
Projects
140
46%
Arbitration
19
42% / 16%
Overdue
32
23%
Free
8
Developer 8
Rating
(63)
Projects
80
28%
Arbitration
17
12% / 76%
Overdue
48
60%
Free
9
Developer 9
Rating
(9)
Projects
18
22%
Arbitration
3
67% / 33%
Overdue
4
22%
Free
10
Developer 10
Rating
(490)
Projects
1016
58%
Arbitration
29
28% / 24%
Overdue
132
13%
Free
11
Developer 11
Rating
(7)
Projects
15
47%
Arbitration
6
33% / 17%
Overdue
4
27%
Free
12
Developer 12
Rating
(18)
Projects
37
43%
Arbitration
6
17% / 50%
Overdue
17
46%
Free
13
Developer 13
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
Similar orders
I'm looking for someone to help me create an arbitrage trading robot that can trade on any decentralized exchange and forex market. I already have some source code to a strategy but would like to enhance it to make it profitable and automated
I installed the E.A. into the Experts folder in MT4. When I double click on it nothing happens. When I right click and "attach to chart" nothing happens. The E.A. is not grayed out, it simply will not attach. Any help would be greatly Appreciated
I have an EA and want to add few new logic to fetch profit taking factors and other values from an external master data and use it in existing EA
Hello Every one, Good day, I want from someone professional to create an EA is working on Mt5, This EA is working by depend on some indicators, and all those indicators must be working on MACD window, not on the chart, for more details please read my attached pdf file carefully. Many Thanks
I'm looking for an expert MQL5 developer that can create an EA that's based on my price action trading strategy with no indicators. The EA must analyze trades based on my price action rules, enter trades based on my price action rules, manage trades based on my price action rules and exit trades based on my price action rules
hi hi there i have an strategy on tradingview and i want to automate it like metatrader EA so i want the strategy to open and close trade automaticlly on tradingview
We are looking for an experienced Expert Advisor Developer who can build a customized MT5 Expert Advisor for us. The Expert Advisor would use two built-in indicators as entry/exit signals and our own risk management strategy with customizable inputs. The goal is to create a reliable and efficient trading tool that can automate our trading process on the MT5 platform. Skills required: - Strong understanding of
I need stochastic div (hidden &regular ea) that should perform task in all tf's ..divergence is a repaint stly so i want to use it with candlestick flips .. so bet for it
Hello, I have an indicator from a friend and I'd like to replicate it on my own TradingView or MT5 platform. Could you assist me with that?. Here is the link
so basically I have an EA(mql5), AI script(python), flask server and socket server both on python. Now this is an experimental script as I am trying to learn. However the EA is not entering any trades. How much would it cost for you to troubleshoot this for me? Thank you in advance

Project information

Budget
10 - 50 USD
VAT (20%): 2 - 10 USD
Total: 12 - 60 USD
For the developer
9 - 45 USD
Deadline
from 1 to 10 day(s)