Expert Advisor based on High or Low of a candlestick

MQL5 Experts

Job finished

Execution time 7 days
Feedback from customer
Really enjoyed working with Ahmed, this was my first EA I've had developed but the process was made very easy owing to the fact he's a professional at what he does with great communication.
Feedback from employee
Fantastic collaboration! Clear communication, prompt responses, and a pleasure to work with. Grateful for the opportunity to meet your requirements. Looking forward to future projects!

Specification

Hi I'm looking for a EA Developer to build an EA to accommodate the following criteria.

In a nut shell the strategy which I have around 6 months of data of for several markets takes a candle for eg. the 13:30pm candle on a 30m timeframe and uses the Range of that candle, the high or low of that candle to place 2 orders each day.


Must have the following options to choose from.

Market:              ????    -      Able to change to use on different markets, generally the Major indicies & commodities 

Timeframe:         1h.   -      Able to select what time frame, Eg. 1H, 30m, 15m

Candle time:     13:00   -     So once this candle has closed on the given time frame this candles High and Low is what I use to base the 2 Buy/Sell orders from

Risk:          1.5%.   -     Able to adjust to suit backtesting data of wort run. Risk always % of balance of account and automatically calculated from the range of the candle  taking into account the pre defined buffer and Stop loss

Buffer:        +5 Pips   -     Buffer is the high or low of the candle plus x amount of pips for the Buy/Sell order, to adjust to accommodate different markets

Range < than:    12Pips   -    If the Range of the candle is Less than x amount of pips then no order should be placed, able to change depending on what my backtasting data   shows for that market

Range > than:    80Pips   -    If the Range of the candle is greater than x amount of pips then no order should be placed

Stop loss:    Full Range    -   Stop loss is usually the Low of the candle for a Buy and High for a sell. This is whats meant by full range. But would also like a Half Range option     

SL Buffer:      0 for eg     -    Along with a Plus x amount of pips option to allow trading higher timeframe 

Strategy:  1.5:1 for eg.   -    Here there will be 4 strategy's to choose from:- 

   1:1 Trailing stop with a stop moved to breakeven once price hits 2:1 once price reches 3:1 TS is now at 2:1 and so on 

   1.5:1 Trailing stop with a stop moved to breakeven once price reaches 1.5:1 once price reaches 3:1 TL is now 1.5:1 and so on

   2:1 Trailing stop with a stop moved to breakeven one price reaches 2:1 and trailing stop moved to 1:1 once price reaches 3:1 and so on

   3:1 Fixed, TP is a fixed at 3:1 and stop is fixed 

Trading Days:  M,T,W,T,F   -   I would like an option of which days to trade as depending on the data for example Thursdays maybe always a lossing day so would like chose not to                                    trade that day depending on the market.

Cancel second order:  Y/N  -  Able to cancel the second order, again depending on my data for a given market

if first trade is a win

additional info: Each order will remain open and be automatically canceled the following day before the new candle opens, for example if it’s a 13:00 1h candle then the orders will cancel at the close of the 12:00 candle. If on a Friday then all orders will be cancelled at 9pm that day to allow for the weekend. Similarly if a trade is still running then the same rules apply as above.




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Project information

Budget
250+ USD
For the developer
225 USD
Deadline
to 10 day(s)