Pending Buy and Pending Sell with trailing stop at fixed levels

MQL4 Experts

Specification

I need a robot that places a pending buy position above the current price and a pending sell position 200 pips below the current price in each direction ($ 2 in the case of gold trading or 20 pips in the case of trading currency pairs such as the EURUSD) If a position is opened in one of the two directions (for example in the upward direction), if the price reaches the next level (which is 200 pips in the upside, then the second trade is opened and the stop loss order of the first position is set at its open price. And a stop-loss order for the second position at the opening price of the first position too) After that, if the price continues to advance to the next level (the third position level) and a position is opened at this price, the stop loss order is set at the opening price of the second position for all open deals. The same thing is also repeated in the event the price continues to advance in the upward direction, so that the stop loss order becomes at the opening price of position No. 3 in the case of the total open deals equal to 4 and at the opening price of the fourth position in the event that the open deals are 5 deals and so on until the price hits the stop loss order and vice versa If the price hits the downward trend.

When positions are closed at the stop-loss order, the program repeats the steps from the beginning again.

In the case that a position is opened in one direction and the price does not reach the required level in the desired direction and is reversed in the other direction, the previously opened position is closed after opening the position in the opposite direction and repeats the above steps again.


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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
from 1 to 2 day(s)