MQL4 Bot Development

MQL4 Experts

Job finished

Execution time 1 hour

Specification

Step 1:

Scan the currency exchange rates to identify major whole numbers.

These major whole numbers will serve as Large Quarter Points (LQP) and critical junctions for price movement.
Step 2: Entry Rule

Monitor price movements and detect when prices decisively break above or below a Large Quarter Point.
Confirm the breakout using technical analysis tools such as trendlines, support/resistance levels, or breakout indicators.
Generate a trade signal to enter the market in the direction of the breakout.
Step 3: Stop-Loss Rule

Set the stop-loss level to manage risk.
Consider placing the stop-loss at the previous Large Quarter Point or at a specific support/resistance level within the Large Quarter.
Adjust the stop-loss level as the trade progresses, using techniques like trailing stop-loss to protect profits.
Step 4: Take-Profit Rule

Set the take-profit level to capture potential profits.
Consider setting the take-profit at the next Large Quarter Point or at a specific target based on additional analysis or technical indicators.
Adjust the take-profit level based on market conditions and risk-reward preferences.
Step 5: Risk Management

Implement risk management techniques to limit losses and protect capital.

Set a maximum risk percentage per trade as external input



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Project information

Budget
100+ USD
For the developer
90 USD