Money Management and trading hours restriction

MQL4 Experts

Job finished

Execution time 3 days
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Specification

I need an EA that has 4 inputs, 1) authorized start time to trade; 2) maximum end time to open new trades; 3) maximum daily loss limit in USD, 4) maximum daily profit limit in USD. The EA must allow trading on USDJPY only. It is not necessary to consider trading commissions. Example: Allowed trading hours based on market watch time, 2 a.m to 5 a.m. No trades can be opened before 2a.m and no trades can be opened after 5 a.m. If there is a trade in progress after 5am, it can remain open, but with no possibility of opening a new trade. If any daily limit is reached, then the EA must close all open trades and cancel all pending orders and only allow new trades in the next day's session at the allowed time. Example: If on April 15th the daily loss limit is triggered, then all open trades must be closed and pending orders canceled and only allow new trades on April 16th between 2am and 5am. The EA will be used in the VPS as follows: I will connect an account to the MT4 terminal on my PC without EA and simultaneously connect that same trading account to an MT4 terminal on a VPS+EA. Then the orders will be sent from the PC and replicated in the MT4 terminal on the VPS+EA. The PC trader will not have access to the VPS terminal, therefore, he will not be able to circumvent the risk management rules and modify the EA. It is important that the EA can recognize the sessions authorized to open trades correctly so that it is not necessary to reset the EA every day to start trading. The EA will be used for a prop firm challenge, so the prop firm's daily loss limits are reset at 1a.m market watch time and not 00:00a.m when a new candlestick starts on the daily chart. And when there is saving Summer time these times are modified. Perhaps this information is important for the EA to work correctly. I only need to configure the EA once, just change it in case of saving Summer time or login to a new trading account once a month or when need to change some daily limit.

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Project information

Budget
40+ USD
For the developer
36 USD
Deadline
from 1 to 2 day(s)