Job finished
Execution time 4 days
Feedback from customer
6th order and always the best service
Specification
General information: The EA is used on the current timeframe, indices and FOREX. It works on VPS solution from MQL5, too.
Demonstration of Signals for Entry and Exit see enclosed sheet
Entry - Long:
The market price crosses the high band of the envelope upward
Exit – Long (optional)
The market price crosses the high band of the envelope downward
Entry - Short:
The market price crosses the low band of the envelope downward
Exit – Short (optional)
The market price crosses the low band of the envelope upward.
Please note:
A trade can just be opened, after a bar is finished.
e.g. by using M5, a trade can be opened at 9:05 or 9:10, but not at 9:03.
There should always be 1 open position, only!
Optional:
In the input parameters, I´m asked, if the exit-strategy should be used. Even if the exit-strategy should not be used
(Input-Parameter: FALSE) there should always be 1 position, only.
S/L and T/P:
They are calculated by ATR (Average True Range). e.g if the parameter is 3, this means ATR is multiplied by 3 based on the current
timeframe.
Trading-hours:
To avoid higher spreads at night, the VPS should sometimes work at typical trading hours, only.
I should have the possibility to choose, if all open orders should be closed at e.g. 22:00
Trailing:
Trailing should start, if the trade is in the profit zone with fixed pips. After reaching this point the drawdown can go to a maximum of fixed
pips.
For example:
After x pips trailing starts: eg. 100
Accepted drawdown in pips: e.g 20
This would have the following consequences:
- If the position is 100 pips in the profit zone, the miminum profit would be 80 pips.
- If the profit goes to 99 pips, the trailing would not get activated.
- If the profit goes to 178 pips, the position would be closed with a profit of 158 pips
Input-Parameters:
Lot size: starts at 0.01
Envelopes
Period:
Moving:
Deviation:
Method: Simple /Exponential / Smoothed / Linear Weighted
Use: Close can be fixed
Exit-Strategy
Use of Exit-Strategy: True / False
T/P – S/L
T/P – ATR multiplied by: e.g. 3.2
S/L – ATR multiplied by: e.g. 1.8.
Trading-hours:
Trading from: e.g. 8:00
Trading to: e.g. 22:00
Close all open trades: Yes / No
Trailing:
After x pips trailing starts: eg. 100
Accepted drawdown in pips: e.g 20
Please name the file „Envelopes_EA“
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Project information
Budget
80 - 100 USD
VAT (20%):
16
- 20
USD
Total:
96
- 120
USD
For the developer
72
- 90
USD
Deadline
from 1 to 2 day(s)