Risk Management EA

MQL5 Experts

Job finished

Execution time 8 days
Feedback from customer
Smooth Communication. Job Well Done!

Specification


This EA must only work on manual trades done from the MT5 terminal or MT5 mobile. There will be no trade panel or interface on the chart for this EA. The EA must be able to also handle multiple manual trades on any chart.
1. Automatic TP/SL - EA will automatically set a TP/SL when a manual trade is made based on the number of pips set in the EA.

2. Trailing Stop - EA will be able to automatically move the SL to protect profits once the market has moved in its profitable direction.   Using the Entry price and TP price as reference, the EA must take into consideration the spreads of the instrument and then trail as accordingly. 

The trail will start when the prices have reached 30% in its profitable direction. The % again, is based from the entry price to the TP price taking into considering the spread of the instrument as well. 

By default, these are the values:
30% in the correct direction – SL set at 15% from entry price
40% in the correct direction – SL set at 20% from entry price
50% in the correct direction – SL set at 25% from entry price
60% in the correct direction – SL set at 30% from entry price
70% in the correct direction – SL set at 35% from entry price
80% in the correct direction – SL set at 40% from entry price
90% in the correct direction – SL set at 45% from entry price

The Trailing stop has to be customizable; the user will be able to set the % at which the trail will start and also how many % away the Trail SL will be set. In the given example above, the start of the trail is 30% and the SL is place 50%.

3. Hard Stop Loss – EA is able to cut losses despite having a SL/TP set. The Hard Stop loss will be based on the entire equity of the account. There will be 3 options in the EA setting dropdown box, 1%, 2%, 3% or 5% only.

4. Comment section – User will be able to label/comment the trade so that he is able to identify that this trade is made with this EA. 

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Project information

Budget
40+ USD
For the developer
36 USD
Deadline
to 5 day(s)