Grid EA

MQL4 Experts

Job finished

Execution time 5 days

Specification

Hello,

I'd like to create a grid/basket EA based on moving averages. 

All buy orders should act as one basket/group. All sell orders should act as a separate basket/group.

======

Here is the logic for opening new baskets/groups:

Open a buy order group - At the start of a new candle if the 6 period EMA is above the 21 period EMA the EA should place one market buy order.

Open a sell order group - At the start of a new candle if the 6 period EMA is below the 21 period EMA the EA should place one market sell order.

There should only ever be one buy order group and one sell order group. For example if our conditions are met to open a new buy order group, but there are previous buy orders still open the EA should not open a new order. The EA should only ever add orders to the buy/sell order groups when it is following the grid rules.

It is ok to have both one buy and one sell order group open at the same time. For example we have one buy order group open. The 6EMA crosses below the 21 period EMA, the EA should open a sell order at the start of the next candle.

======

There should be two options to close orders/groups. 

Option 1: Take profit = when all orders combined = the take profit pips input all orders should close (typical grid/martingale system)

Option 2: Drawdown reduction mode = when drawdown reached a specific %, the EA will close only the oldest and the newest orders. For example we have 5 buy orders open. When order 1 and 5 reaches a specific profit (let's say $1) it will close just order 1 and 5 leaving 2, 3, 4 open. The EA will then work to close 2 & 4 once profit reaches $1 for those two combined orders. If there is an odd number of orders, the last order will also close when it reaches the minimum profit ($1 in this example).

======

Here are the EA input settings:

==General==

Order Type: both / buy only / sell only / none

Use Hedge: yes / no (if yes the EA will allow for both buy and sell order baskets. If no, the EA will only have one basket open - either buy or sell. It will not open an opposite basket, even when the conditions are met)

Start Lot Size: opening order lot size

Use Money Management: true/false 

Money Management Risk %: (calculation for opening lot size if MM is set to true)

Lot Multiplier: the amount to multiply the lot size for orders in the grid

==Grid Settings==

Grid Step: distance between orders in the grid

Grid Step Multipler: multiplier for the grid order distance

TP: take profit for both the first order or the entire grid

SL: stop loss from the first order (example if 200pips is entered, all trades in the grid will be closed once the first order is -200 pips)

==Reduce Downdraw Settings==

Enable DD Reduction: yes / no (if no, TP settings from above will always be used)

DD Percentage Enable: The account drawdown percentage required in order to enable the reduction closing method (as described above)

Profit For Close: the profit needed between the oldest and newest order for the EA to close them

==Other Settings==

Magic Number

Start - End Hour For Trading

Maximum Lot

Maximum Spread


Responded

1
Developer 1
Rating
(238)
Projects
421
34%
Arbitration
53
36% / 40%
Overdue
154
37%
Loaded
2
Developer 2
Rating
(48)
Projects
80
28%
Arbitration
8
75% / 13%
Overdue
41
51%
Free
3
Developer 3
Rating
(185)
Projects
327
32%
Arbitration
33
42% / 27%
Overdue
98
30%
Free
4
Developer 4
Rating
(23)
Projects
45
20%
Arbitration
24
29% / 46%
Overdue
12
27%
Free
5
Developer 5
Rating
(68)
Projects
72
21%
Arbitration
6
50% / 33%
Overdue
1
1%
Free
6
Developer 6
Rating
(143)
Projects
255
35%
Arbitration
12
25% / 58%
Overdue
42
16%
Free
7
Developer 7
Rating
(769)
Projects
1033
44%
Arbitration
50
8% / 50%
Overdue
117
11%
Free
8
Developer 8
Rating
(41)
Projects
88
14%
Arbitration
30
30% / 53%
Overdue
36
41%
Working
9
Developer 9
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
10
Developer 10
Rating
(33)
Projects
49
12%
Arbitration
16
0% / 88%
Overdue
10
20%
Free
11
Developer 11
Rating
(48)
Projects
51
43%
Arbitration
1
0% / 0%
Overdue
0
Free
12
Developer 12
Rating
(1853)
Projects
3455
88%
Arbitration
73
40% / 15%
Overdue
265
8%
Free
13
Developer 13
Rating
(96)
Projects
143
76%
Arbitration
0
Overdue
2
1%
Free
14
Developer 14
Rating
(66)
Projects
143
34%
Arbitration
10
10% / 60%
Overdue
26
18%
Free
15
Developer 15
Rating
(265)
Projects
539
50%
Arbitration
55
40% / 36%
Overdue
224
42%
Working
16
Developer 16
Rating
(2423)
Projects
3046
66%
Arbitration
77
48% / 14%
Overdue
340
11%
Free
17
Developer 17
Rating
(563)
Projects
932
47%
Arbitration
301
59% / 25%
Overdue
124
13%
Working
18
Developer 18
Rating
(87)
Projects
114
26%
Arbitration
7
29% / 57%
Overdue
5
4%
Free
Similar orders
Looking for someone to modify My BUY and SELL Arrow Expert Advisor. I ordered it here with one developer but it is not working well. It is missing BUYs and SELLs entries sometimes. I have the Mql4 file. Thank you
Hi I need a experience programmer to build me bullish and bearish ENGULFING pattern reversal and continuation scanner EA that send alert with arrow on screen without open trades Multiple times frame H4 D1 W1 MN multiple currency pairs and i want to see all historical patterns that already happened
I 'm looking for a bot to take trades . I have questions 1 . What is the win rate? It could be ! 2 . Any guarantee if the bot does not take a win trade
I am looking to have a tool developed that can connect and copy trade from Quantower on machine A to Quantower on machine B. I am aware that Quantower has a built in trade copier but I need to get the trades over to a different instance of QT on a separate machine. Is this possible and something you could help with? All orders for entry and exit would be market orders so do not need any targets or stop losses copied
I’m looking for a developer that has understanding of scalping and HFT strategies that can make an algo that works for all brokers and prop firm LIVE accounts (like STP, ECN, DMA, Money Makers, NDD, Fast Server etc.,). I want someone that has understanding and insight in different scalping and HFT strategies, preferably something like momentum based strategies. The EA has to work on all Brokers and Prop firms like
I'm looking for professional developer for my project.I'm having indicators source code , i want to convert it into MT4 EA .it is having some basic inputs such as lot size,TP,SL,B.E,trailing,News filter features along with some special inputs.detailed strategy will be discussed in chat room.i prefer Indian developers who speaks hindi
Good Day I would like to create a trading bot that is able to link to my news provider. The bot will execute trades based on the actual news release data as soon as the data is released. I will need to input parameters that would automatically trigger once the actual data is released (Need to know what format you will require or other recommendations) Execution speed will be a crucial factor in this regard. Adding to
The strategy uses a grid trading system where trades are placed at set intervals (grid levels) and are managed using Bollinger Bands for entry and exit signals. A fixed lot size, trades are managed to comply with maximum spread conditions and specific trading hours, with the possibility of closing trades based on Bollinger Bands signals. The use of Bollinger Bands indicates a focus on volatility-based trading, while
Hi, I would like to create an expert advisor to fully automatic trade in MT4 as below, it should be possible with gold or any currency pairs and need to possible with 2, 3, 4 or 5 after decimal quotes PAROL MA CROSSOVER 1. Magic Number : Customize 2. Take profit in points : Customize 3. Stop loss in points : Customize 4. Strat time in GMT : Customize 5. End time in GMT : Customize (It means no need to open a new
Need MT4 EA which will trade based on Round Number and Supertrend. Trading conditions: If buy supertrend is >= lower round number and <= the higher round number, EA will place a buy pending order at the higher round number. If sell supertrend is <= higher round number and >=lower round number, EA will place sell pending order at the lower round number. If the trade is exited because of SL/BE, EA will place another

Project information

Budget
100+ USD
For the developer
90 USD