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Rules
Job finished
Specification
Current EA has entry requirements. The following would be to include Exit and Risk management.
Take profit (2 input level for take profit).
1st input : percentage based off latest trade
example :
1st trade: 2000
2nd trade : 3000
take profit input level: 101%
TP level : 3000 x 102% = 3060
1st trade TP level : 3060
2nd trade TP level : 3060
2nd input: percentage based off highest entry trade
if 2nd input TP level is more than 1st input TP level = apply 2nd input TP level, else
apply input 1 TP level
example 2nd input TP level more than 1st input TP level:
example :
1st trade: 3000
2nd trade : 2000
input 1 TP : 101%
input 1 TP level(based on latest trade): 2020
input 2 TP : 102%
input 2 TP level(based on highest entry price): 3000 x 102% = 3060
TP level should be nearest highest 0.5 multiple
eg: if TP: 3027.66
converted to 3028
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Maximum lot size across all trade (sum of all lots) - (up to 2 decimal point) example: 0.08 lots
3 input level in control panel.
1st: initial max trade size (input in percentage - 20 = 20%) based off all time high ,,,,
if all time high is lesser than 4500 = referenced number will be 3000
if all time high is more than or equal to 4500 but lesser than 6000 = referenced number will be 4500
if all time high is more than or equal to 6000 but lesser than 7500 = referenced number will be 6000
if all time high is more than or equal to 7500 but lesser than 9000 = referenced number will be 7500
if all time high is more than or equal to 9000 but lesser than 10500 = referenced number will be 9000
if all time high is more than or equal to 10500 but lesser than 12000 = referenced number will be 10500
if all time high is more than or equal to 12000 but lesser than 13500 = referenced number will be 12000
if all time high is more than or equal to 13500 but lesser than 15000 = referenced number will be 13500
if all time high is more than or equal to 15000 = referenced number will be 15000
2nd: initial deposit
3rd: Increment amount
4th: Increment lot
example:
1st: initial max trade size: 10 --------- equate to 10%
2nd: initial deposit: 1000 USD
3rd: Increment amount: 500 USD (mean more than or equal to 500)
4th: Increment lot: 1 lot
all time high: 3500
referenced number = 3000
Initial deposit of account is set as 1000 USD.
Maximum lot EA can open is = initial deposit divided by 10% (1st input) of 3000 (referenced number)
1000 / 10% of 3000
1000 / 300
= 3.333
= only 2 decimal points - round down
When Account balance is 1500 USD, EA can open position up to 4.33 lots.
(account balance minus (2nd) initial deposit is 500, which satisfy criteria (3).
So now (1) initial max trade + (4) Increment lot = 4.33 lots
**if open trade total is 4 lots and we have entry fulfilment to enter another 1 lot.
Trade would not be able to open as 4+1 lot = 5 lot , which will be more than 4.33 lot (max trade)
if account balance falls, lot size will decrease as well but dont close existing trade if lot size exceeds.
eg: current balance 2000 USD
updated max lots = 3 lots
withdraw 500 usd
updated balance: 2500 USD
updated max lots = 2 lots.
if current max lots requirement does not match with current balance: send mt5 app notification and mt5 terminal alert
"Deposit more amount to maintain existing position"
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