An EA to automate trades opening and closing

MQL5 Experts

Job finished

Execution time 2 days
Feedback from customer
Good dev Easy to interact with Proactive and Smart Fast work pace
Feedback from employee
Really great customer. So precise with his questions and requirements specifications. Highly recommended.

Specification

  1. Order Settings: This section allows us to specify the trading direction, trading timeframe, trade per candle close, and lot size for our Expert Advisor (EA). We can define whether the EA should open buy or sell positions, the timeframe for monitoring candle closes, the number of positions to open per candle close, and the lot size for each position.
  2. Risk Management Settings: These settings focus on managing risk in our trading strategy. We can enable or disable a global stop loss (SL) and take profit (TP) for all open positions. By specifying the price levels for SL and TP, we can automatically close all positions when the price reaches those levels. Additionally, we can set a maximum spread filter to prevent the EA from opening positions when the spread exceeds a certain value.
  3. Trade(s) Management Settings: This section deals with managing trades based on profit and drawdown. We can choose to close all positions if the profit calculated on either the balance or daily starting equity reaches a specified percentage. Similarly, we can set a threshold for daily balance or equity drawdown to close all positions. These settings help us control the EA's behavior based on our desired profit and risk tolerance.
  4. Use Trailing Virtual SL: Enabling this feature allows the EA to trail a virtual stop loss based on the profit percentage calculated on either the balance or daily starting equity. We can set the profit percentage and trailing percentage to determine when the EA should start trailing the virtual stop loss. This feature helps protect profits by dynamically adjusting the stop loss level as the trade progresses.
  5. Keep Opening Position(s) Even If Virtual Trailing SL is Hit: This option determines whether the EA should continue opening new positions even if the trailing virtual stop loss is hit. By enabling this feature, we will keep opening positions regardless of the stop loss being triggered, potentially allowing for further profit opportunities.
  6. Keep Opening Position(s) Even If Market is Retracing: This feature controls whether the EA should continue opening new positions during market retracements. If enabled, the EA will open positions even when the market is moving against the current trend. This setting allows for a more aggressive trading approach.
  7. Trading Time Settings: These settings define the days and specific time ranges during which the EA is allowed to trade. We can choose which days of the week the EA should trade and set time ranges for each day. For example, we can specify that the EA should only trade on Mondays between 9 am-12 pm and 1 pm-3 pm. Additionally, we can configure the EA to close all positions when a time range ends.
  8. Notifications: This feature enables us to receive notifications or alerts about important events related to our trading activities. We can set up email or mobile notifications to be informed about specific events, such as trade openings, closures, or when certain thresholds are reached. These notifications help us stay updated and make timely decisions regarding our trading strategy.
  9. Panel: The panel feature provides us with a user-friendly interface to monitor and control the Expert Advisor. It presents relevant information about the current status of trades, including open positions, account balance, equity, and profit/loss. We can also access and modify the EA's settings directly from the panel, making it convenient to adjust parameters and customize the trading strategy on the go.


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Project information

Budget
80 - 100 USD
For the developer
72 - 90 USD
Deadline
from 1 to 3 day(s)