Need an EA coding.

MQL5 Experts

Job finished

Execution time 2 days
Feedback from employee
great client thank you .. hope we work again soon:)
Feedback from customer
10/10 Dev! Fast / great communication / listens to bug feed back. Would work with anytime.

Specification

HOD/LOD Bounce EA:

The strategy:

At the end of each trading day the EA sets:
- A buy Limit at the Highest price of the previous day
and
- A sell Limit at the Lowest price of the previous day

Which ever limit order is broken first becomes a trade.
The other limit order will be deleted.

IF by the next day there is an active buy trade from the prev day that hasn't hit TP
AND the High of day gets triggered causing a sell trade
THEN it enters a normal Lot size trade

IF by the next day there is an active buy trade from the prev day that hasn't hit TP
AND the LOW of day gets triggered causing ANOTHER BUY trade
THEN the EA needs to perform the recovery trade calculation.

Recovery trade calculation:
It takes the Active trade profit target (For example $50), And how many pips that trade is loosing by (DrawDown 38 Pips)
THEN it works out what LOT SIZE is needed for the recovery trade, SO the profit target / overall profit is $50 when it hits the set TP.
(See Example image for visual explanation: Give once job is accepted)

The EA will repeate the recovery trades until there are no active trade from the prev day.

******PLEASE NOTE*******
DO NOT take this job if you dont know how to calculate the correct recovery trade lot size!



Inputs:

TP:                5 (Default)
Lots:                Fixed / Variable
Fixed (Pips)            0.01 (Default)
Variable (Account % risk):    2% (Default)
Opening candles to ignore:    2 (Default)


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Project information

Budget
40+ USD
For the developer
36 USD
Deadline
from 1 to 5 day(s)