Modifying Existing EA System

MQL4 Experts

Job finished

Execution time 5 minutes
Feedback from employee
My first client on MQL Community.. The transaction was easy and smooth
Feedback from customer
Cool guy with a professional charisma. will definitely recommend him to anyone!

Specification

Trade direction: both, buy, sell

trade timeframe: 1m, 5m, 15m, 30m, 1hr etc

allow hedging: true/false

manage manual trade: true/false

lot type: fixed, risk per trade, etc

lot size: 

lot risk %:

max lot:

lot increase mode: fixed step, prev step * coefficient, etc

lot coefficient / adding:

Step size:

Step coefficient:

trade entry type: direct entry, entry with stop order, entry with limit order, etc

Distance to order:

trail always: true/false

close all on opposite signal: true/false

stop-loss size:

Take profit size:

Trailing stop size:

Trailing step:

start trailing after distance:

max trades in one direction:

Close all on breakeven after min profit:

We want an anti-martingale system that can enter one trade per direction in a smart way. The concept here is to enter a buy and sell either using an indicator filter or not with a reasonable grid distance between both trades. The indicator would determine which direction should have lower lot and the opposite direction against the market would have higher lot in case the market reverses, the opposite trade with higher lot would be able to counter the loss from the initial trade that was in favor of market direction but lost. The trades would also have a trailed stop loss in both directions to lock the gains as best as possible. The smart idea here is for the EA to detect when one of the trades amongst the two has made gains above a minimum defined point that is higher than the loss of the other trade in opposite direction, both trades should close immediately with whatever small profits made and new sets of BUY & SELL entry initiated. However, if the second trade with higher lot will likely hits SL, then a 3 rd trade with higher lot than the 2 nd should be initiated to counter the loss of the 2 nd & 1 st vice versa. Once the EA detects last trade has made gains higher than the total loss after a minimum defined pips then it closes all trades with profits and initiate new batches. As I said, the concept of smart in this context is to be able to counter loss of initial trades opened.


GUI dashboard to display key information about active trades and other related activities. Feel free to add smarter ideas from your professional experience as long as it gives positive results.

NOTE: This system must be able to survive a historical meta-trader back-test with at least $100 starting balance within one-year period!

The system must have an equity draw down not more than 30% but lesser is much better

The system must have at least all the variables implemented open to user for modifications

Ensure to share MQL and EX4 script with a default set file.

I need serious people only and i can negotiate higher if convinced they can deliver within deadline and no extension....................................

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Project information

Budget
40+ USD
For the developer
36 USD
Deadline
from 1 to 5 day(s)