Trading EA - martingale with trend following

MQL5 Experts

Job finished

Execution time 86 days
Feedback from employee
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Feedback from customer
Sam delivers what he says and follows up on requests. The result is better than expected, I Can only recommend Sam for his professionalism and expertise. Thanks Sam !

Specification

Hi, I am looking for a MT5 developper - trading EA.

The EA is a martingale with 1 lot multiplier, minimum/maximum step + step multiplier. 

The grid will aim at placing trailing stop loss to each trade of the grid based on the average price of the grid (see point 3 below). It will follow the trend until closure of the grid when profitable trades > X% of loosing trades (overlap) or will follow the trend (optional) by either:

Ichimoku indicator as a filter (when the opening of a bar is above or below indicator) or

when profit reaches a certain percent of account balance. 

It will have the following features:

1. opening of position: no signal used. Settings should select long only/short only +magic. No position open if account equity <X% of account balance (account drawdown filter). Both fixed starting lot and starting Autolot calculation - based on account balance.

2. close of position: closure of all trades by average TP (calculation at grid level). The grid closes when total of profitable trade of the grid > X% of total loosing trades of the grid (overlap %).

Option trend following: use of Ichimoku and account balance TP as an optional filter indicator to either keep or close trade. Trend following option overrides the grid% target.

There will be a maximum number of active steps. Above this number of steps, 1 extreme order will be placed, that will have as sole purpose the closing of the trade having the lower lot number within the grid. Once the P/L of the first trade opened by the grid has been covered by the extreme order, 2nd extrem order will be placed to close the second lowest number of the grid etc. There can only be one extrem order open.


3. position management: The account will be protected by closure of the grid if drawndown on the pair > X% of account balance.

Place an average stop loss at average price of all orders of the grid when total of profitable trade > X% of loosing trades. Use trailing stop with 3 different steps - the closer to the TP, the smaller the step.

4. Panel: the panel should provide for the total profit of the day on the pair and on the account, number of active steps, total floating PL by magic of the pair, in amount and account balance%, and total net lot being traded by on the pair. 


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Project information

Budget
200+ USD
VAT (17%): 34 USD
Total: 234 USD
For the developer
180 USD