A Take Profit/Stop Loss EA for MT5 (personal project)

MQL5 Experts Forex

Job finished

Execution time 15 days
Feedback from customer
An incredibly patient, attentive and talented programmer
Feedback from employee
Great customer. Thank you for the order!

Specification

I'd like an EA for MT5 that would allow me to put the prices I want a buy stop limit and sell stop limit orders to be placed at the same time and once one of them is open the other order must be canceled. Then the next orders would be automatically placed depending on whether the buy or sell position hit take profit or stop loss.

If I chose the BTC/USD symbol and I want the first buy stop limit order to be placed at 27450.18, the sell stop limit at 27440.18 and the buy order to open 100 ticks (not pips) below 27450.18, then the opening price is 27449.18. If I want the sell stop limit position to open 100 ticks above 27440.18, then the opening price is 27441.18.

As stated before, once a buy position is open, the sell order must be canceled and a new buy order must be placed at the take profit price of the current position. If it hits take profit, the next position is open and another buy order must be placed at the take profit price once again. If the position hits stop loss, the new buy order must be canceled. The opposite would apply to the sell position.

Two new buy and sell orders must be placed once the stop loss price is hit, and I must be able to choose if I want the orders to be placed, for example, 1000 ticks below or above the stop loss price. If the stop loss price of the current position is 27460.18, and I want the opening price of the next buy position to open 1000 ticks above this price, the opening price of the next buy position is 27470.18. The opposite would apply to the sell position.

That said, these are the required fields for the EA:
- A field to put the price I want the first buy stop limit position to be placed
- A field to put the price I want the the first sell stop limit position to be placed
- A field to put the stop limit price for the buy stop limit position, like 100 ticks below the price I chose the order to be placed
- A field to put the stop limit price for the sell stop limit position, like 100 ticks above the price I chose the order to be placed
- Fields to put take profit and stop loss for each position in ticks
- A field to put the price I want the next buy order to be placed if stop loss is hit, like 100 ticks above the stop loss price
- A field to put the price I want the next sell order to be placed if stop loss is hit, like 100 ticks below the stop loss price
- A field to put the number of orders I want to place at once
- Risk management - equity, balance and/or lot size
- Trading schedule - start trading time and end trading time
- Choose if I want open positions to be closed or not when trading time's up

- Stop win and stop loss for the day in money

Interested? Questions? Feel free to contact me!


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Project information

Budget
200 - 500 USD
For the developer
180 - 450 USD
Deadline
from 1 to 14 day(s)