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Expert Advisor - Order Management

MQL4 Experts

Job finished

Execution time 2 days
Feedback from customer
Very professional. He sent a very detailed video of the EA, highlighting all my requirements. He worked very fast to fix a few details according to my needs. Highly recommended!
Feedback from employee
Great Customer. Clearly requirment, fast test and fast payment. Hope work with him again. thank for all.

Specification

I have a robot that always opens two trades simultaneously, with the same signal.

The stop loss is the same for both trades. The first trade is given a take profit and the 2nd trade doesn't have a take profit.
When the first trades reaches the take profit, it closes. At the same time, the 2nd trade moves the stop loss to breakeven.

If a certain condition happens meanwhile, both trades are closed.
Otherwise, if the first trade is already closed, the 2nd trade is closed when that condition appears.


TO DO:

  • Work with 4 and 5 digit brokers.
  • Move Stop Loss to breakeven on the 2nd order when price reaches a certain condition, or if first trade closed due to hitting take profit.
  • If certain condition happens before price reaches TP or SL, close both trades. Otherwise, if the first trade is already closed, the 2nd trade is closed when that condition appears.
  • For each signal, open only the two trades, even if the conditions that triggered the trade remain active. Only open a new set of trades in the next valid signal.
  • Check if the both trades really opened. If one the trades didn't open, retry next tick.
  • Open lot size based on percentage of balance (based on stop loss amount).

- If the lot size is odd, like 0.07, it'll round to the nearest, smaller, even number: 0.06 (and divide by 2, opening 0.03 for each trade).
- If the account does not have enough money for the risk percentage, open smaller lots. In extreme case (account is too small for the risk), open 0.01 for each of the two trades, but still, open the trades.
- If the account only accepts mini lots and not micro lots, and it cannot open the trades based on the risk, show error to user.

Example:
stop loss: 50 pips
balance: 1000
risk percentage: 2%

lot size: ((1000 * 0.02) / 50) / 10 = 0.04 lots. Each of the two trades will open with 0.02 lots.

 

Notes:

I have attached the current mq4 file. It doesn't work well and the entry/exit conditions are random, but it's only for you to get an idea.

I am only interested in the trade management part of the EA, as I'll write the entry conditions myself.

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Project information

Budget
10 - 40 USD
VAT (23%): 2.3 - 9.2 USD
Total: 12.3 - 49.2 USD
For the developer
9 - 36 USD
Deadline
from 1 to 7 day(s)