An Expert Advisor with simple candle based signals needed

MQL4 Experts

Job finished

Execution time 23 hours
Feedback from customer
Job very well done! The developer delivered exactly as per my requirements in a very short span of time. Communication, execution, and delivery is an easy overall 10/10.
Feedback from employee
He is a very good customer, polite and precise. Looking forward to have more jobs from him.

Specification

The main idea of the EA is to open stacking positions in a strong trend.

Main EA function:

1. Buy rules 'signal':
- If on tick its a new candle and the previous candle closed ABOVE its open (bullish).

2. Sell rules 'signal':
- If on tick its a new candle and the previous candle closed BELOW its open (bearish).

***The EA has to be precise in its entries as it will be exclusively used in M1.

Parameters:

1. Order Type:
- This parameter will have 2 options. 'Buy' and 'Sell'. If set to buy, then the EA will only follow the 'Buy' rules as the signal to open buy orders, if set to sell it will only follow the 'Sell' rules as the signal to open sell orders.

2. Lot Size:
- This parameter will have a numeric value for lot sizing of the placed order. Default at 0.1.
 
3. Max Trades Per Signal: 
- This parameter will have a numeric value for the number of orders it will place per given 'signal' according to the 'Order Type' parameter. Default at 1.

4. Close Ratio:
- This parameter will have a numeric value which is the ratio of the equity to the balance, and if reached, will close all orders. For example, if set to 2 and account balance is 1000, if the equity reaches 2000 (1:2, balance:equity ratio respectively) then the EA will close ALL open orders. If set to 0, the EA will ignore this parameter regardless of floating equity. Default at 0.

5. Only Open Below Previous:
- 'True' or 'False' parameter that is associated with the 'Order Type' parameter 'Sell'. If set to true, then the EA will only open SELL orders if the 'signal' is BELOW the previous order. If set to false, the EA will open SELL orders as per 'signal' regardless of previous order position. If Order Type parameter is set to 'BUY', the EA will ignore this parameter.

6. Only Open Above Previous
- 'True' or 'False' parameter that is associated with the 'Order Type' parameter 'Buy'. If set to true, then the EA will only open BUY orders if the 'signal' is ABOVE the previous order. If set to true, the EA will open BUY orders as per 'signal' regardless of the previous order position. If Order Type parameter is set to 'SELL', the EA will ignore this parameter.


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Project information

Budget
35+ USD
For the developer
31.5 USD