Job finished
Specification
I am looking for an Expert Advisor that will use the “Support and Resistance breakout indicator” to open buy/sell market orders.
‘Support and Resistance breakout indicator’ - I have attached the MQ4 file
The EA must use a selected timeframe which has been selected on the input parameters to run and confirm the buy/sell entries.
The EA must only open buy/sell orders when the following conditions are met. The EA must only execute new trades again only when the current open trades are closed. I have also attached pictures to show examples of the buy and sell conditions:
Buy condition
There will be a certain market level called the Predictive Low(trigger level) which will be entered in the input parameters. When the EA is running the EA can only look for entries once the market touches this Predictive Low level(trigger level).
Step 1. Draw the horizontal Predictive Low level(trigger level) from input parameter
Step 2. Wait for the market to touch the Predictive low value(trigger level), Then move to Step 2(for the Entry condition).
Step2 3 Entry: Wait for the “Support and Resistance indicator” to show an arrow UP on the chart, then enter on the next bar(after the bar which has the arrow up).
Stop Loss : Either an automatic Stop Loss must be placed which will be placed below the previous dotted BLUE line(of the Support and Resistance indicator), OR a manual stop loss, a value from input parameters
Take profit : Must be at the value from input parameters
Sell condition
There will be a certain market level called the Predictive High(trigger level) which will be entered in the input parameters. When the EA is running the EA can only look for entries once the market touches this Predictive High level(trigger level).
Step 1. Draw the horizontal Predictive High level(trigger level) from input parameter
Step 2. Wait for the market to touch the Predictive high value(trigger level), Then move to Step 2(for the Entry condition).
Step 3. Entry: Wait for the “Support and Resistance indicator” to show an arrow DOWN on the chart, then enter on the next bar(after the bar which has the arrow down).
Stop Loss : Either an automatic Stop Loss must be placed which will be placed above the previous dotted RED line(of the Support and Resistance indicator), OR a manual stop loss, a value from input parameters
Take profit : Must be at the value from input parameters
ALL THE ‘SUPPORT AND RESISTANCE BREAKOUT INDICATOR’ PARAMETERS SHOULD BE USER DEFINED
THE FOLLOWING ADDITIONAL PARAMETERS SHOULD BE USER DEFINED
- Stop Loss= User defined (Manual) option OR Automatic option
- Stop Loss = Option to be automatically placed below previous blue dotted line (Support and Resistance indicator) for Buy; or above previous red dotted line (Support and Resistance indicator) for Sell.
- Predictive High trigger level (for sell), or predictive low trigger level (for buy). This value must be drawn on the chart when the EA is running.
- Take Profit= Pips user defined
- Break Even option= Pips user defined
- Manual Lot size for each trade= Pips user defined
- Automatic Lot size calculator (calculated as the percentage you are willing to risk from current Equity value)
- Magic Number for trades
- Number of trades per single entry (example EURUSD should enter with 3 trades simultaneously on one entry)
- Optional time frame to use for the EA to trade and to confirm entries
- Trading times (Trade start time and trade end time)
- Protect Expert Advisor by limiting its work by time (Let it work only until a certain date on any account or server). When time has expired for the Expert Advisor, I will have to go into the MQ4 code and extend the date for it to function again.