FreelanceSections

Expert Adviser to trade range breakouts

MQL5 Experts

Job finished

Execution time 8 days
Feedback from customer
The developer is real professional. Completed the job very fast with only one bug, which he fixed 10 minutes after reporting. Highly recommend his services!

Specification

Expert Advisor to trade range breakouts

Expert explanation:
The strategy is intra-daily. 
1. The trader configures a custom period e.g. from 9:00 AM to 9:59 AM. 
2. During this period the instrument makes "Low" and "High" for that period. 
3. On the next minute after the period ends - at 10:00 AM the EA places two pending orders. 
4. First order is "Buy Stop" order, which is "Break_Size" pips above the period "High". The order has "Take Profit" and "Stop Loss" levels defined in pips. 
5. The Second order is "Sell Stop" order, which is "Break_Size" pips below the period "Low". The order has "Take Profit" and "Stop Loss" levels defined in pips. 
6. When one of the two pending orders is executed, the other is cancelled.
7. Trailing stop (if configured) is applied to the open position

8. "Force close" time is defined to close the position, if it was not fulfilled (e.g. 21:00)


Visual aid


EA Variables:


"Period_Start" - the time when the period starts

"Period_End" - time time when the period ends

"Break_Size" - number of pips above the Period High or below the Period Low, where the pending orders to be placed.

"Position_Size" - position size in lots

"Take_Profit" - Take profit in pips from the opening price

"Stop_Loss" - Stop loss in pips from the opening price

"Force_close" - time when the position is forced to close

"Trailing_stop" - trailing stop in pips. Default is "0" and no trailing stop is applied.

"Real_Breakout" - (Boolean) - if "TRUE", pending orders are opened as described in the steps. If "FALSE", "Buy Stop" above the HIGH is opened as "Sell Limit" and "Sell Stop" below the LOW is opened as "Buy Limit"


Other Requirements:


- Backward Strategy Test should work on the EA

- All source files shall be provided at the end



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Project information

Budget
35+ USD
VAT (20%): 7 USD
Total: 42 USD
For the developer
31.5 USD