Freelance service at MQL5.com: Non hedge recovery zone EA

Job finished

Execution time 1 day

Feedback from employee

Great customer with fast respond and good communication skill. Thanks for your job.

Feedback from customer

Appreciate your time, knowledge and willingness to communicate! I would highly recommend Cai! He is not only knowledgeable, he is willing to communicate to complete the job! Superb experience!

Description

Specification

Hi , Need a simple recovery zone EA which will do the following.

1. I can set a zone [pips] where both ends of the zone is where the stop loss of the original entry will be [ex. 20 pips]

2. I can set a profit target [ex. 50 pips]

3. If the initial trade will hit the 20 pips stop loss, the EA will open another trade against the initial trade with the same 20 pips stop loss, and 50 pips profit target.

4. I can set how many max trades in a sequence [ex. trade #5, the EA will stop opening a new trade or trade #10 and so on and it will take a accumulated loss]

5. I can set the lot sizing for each trades in a sequence manually or by using a multiplier. ex. Trade #1 - 2 lots Trade #2 - 2.6 lots Trade #3- 2.6 lots Trade #4 - 5.2 lots Trade #5 - 10.4 lots

6. I have a button to start the initial trade on chart [Buy or Sell] and stop close all open trades

7. The EA will display the following on chart--

I - Info a: Original Entry : Long/Short b: Time from Original Entry : 2 hours 16 mins ago c: Today's P/L : $0.00 [equity]

II - Trading Plan

1. Lots: 2.00 / Max DD: -$ 400.00 / Net PL: $ 1000.00

2. Lots: 2.60 / Max DD: -$ 920.00 / Net PL: $ 900.00 [active]

3. Lots: 2.60 / Max DD: -$ 1440.00 / Net PL: $ 380.00

4. Lots: 5.20 / Max DD: -$ 2480.00 / Net PL: $ 1160.00

5. Lots: 10.40 / Max DD: -$ 4560.00 / Net PL: $ 2720.00

6. Max Margin Reached!

** wherein Max DD is the assumed max loss including the previous trades loss including commissions/swaps/fees etc. and net PL is the max profit if target is realized including commissions/swaps/fees etc. This EA is similar to the Recovery Zone Hedging strategy but instead of taking the loss to the opposite take profit, it will only limit it at the start of the opposite trade.

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Project information

Budget

30 - 100 USD

For the developer

27 - 90 USD

Deadline

from 1 to 3 day(s)

Specification quality
Result check quality
Availability and communication skills