MT5 Strategy description PIVOT,Parabolic,Chadelier indicators

MQL5 Indicators Experts

Specification

Need a MT4 and MT5 Ea based on following indicators. The strategy will be described in detail later.


Indicators used:


1. Parabolic SAR

2.     2. Pivot indicator (indicator will be provided)

3.    3. Chandelier indicator (will be propvided) used as stop loss

The indicators should be embeded into the EA so that i dont need to have them in indicator folder


Beside TP functions and trailing stop EA need to have the following functions:


TP Setting:

TP is set in pips and with trailing stop

TP1 set in pips – when TP1 is reached half position is closed and moved SL moved to BE

TP2 set in pips – When TP2 is reached half of remaining position is closed and SL moved to TP1 and trailing stop is activated using Chandelier indicator (ATR).

 

CLOSING POSITION:

1)      When SL or trailing stop is hit

2)      With opposite signal.

 

SIGNAL SETTINGS:

Settings of indicators in Ea should be the same as in the signals itself. In settings widows separately for each indicator

 

OTHER EA SETTINGS:

1)      Max number of orders in a series: It can happen that BUY or sell orders are triggered multiple times. In this case EA must have a limit of how many orders to open. To avoid opening too many orders there should be a parameter to limit number of opened orders.

 

2)      Only BUY, only SELL or both. Possibility to set in which direction EA will open orders

 


4)      Time filter: to be able to set which days and time period EA is allowed to open new orders. Saturday and Sunday included.

 

5)      Opening orders:

 

a.       Fixed lot

b.       Risk % of balance or equity

c.       auto lot

 

6)      Timer show the time till end of the candle

7)      Magic number and comment

8)      Possibility to manage manual orders too.

9)      Martingale recovery with order multiplier settings. If a position is closed with loss next is opened with multiplier.

10)   Max lot – maximum lot allowed

11)   Min lot – minimum lot allowed

 

 

12)   News filter if possible?

   

13)   Name of symbols: Name of symbols on which EA can be used in verry different. So all prefixes, suffixes must work. Some brokers have even completely different names like XAUUSD=GOLD etc. EA should work on any attached chart.

 

HARD Stop Loss: In case loss of a chart or index reach a specific level in EUR or % of balance EA close all orders and stop trading that pair for today.


 I need a separate quote for MT4 and MT5 version.


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