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EA for Trade Management - Entry based on movement from specific Opening Time

MQL4 Experts

Job finished

Execution time 11 days
Feedback from customer
Good experience and expertise, I can fully recommend.
Feedback from employee
Great communication skills. A pleasure to work with

Specification

Hi all,


I need an  EA that has the following trade flow:

- EA is Activated/Triggered based on a fixed movement in pips from a specified open time.

- Once EA is triggered/activated, a pending order is placed, with X pips from the price when EA was triggered /activated.

For the rest it mainly has some configurations and settings around Entry, when to cancel, the TP and SL of the Order. 


Below you can find the configs I have in mind and also a screenshot for a visual


Main Settings

-----

  • Magic Number

    • Allow multiple EA’s to run separately, including same currency

  • VirtualEquity
    • Set equity from which to start (from this value it subtracts/adds all previous orders wins/losses with this magic number and keeps a running VirtualEquity
  • LocalTimeGMT
    • Timeshift to match your local GMT 
  • OpenTime
    • Daily cycle starting price of EA @ opening bar from where the EATriggerDistance is calculated


EA Trigger Settings

-----

  • EATriggerDirection
    • Price direction from OpenTime that triggers the PendingOrder
    • Always "ANY" direction for now
  • EATriggerDistance
    • Value in Pips
    • Distance is calculated from the OpenTime price
    • When reached, it triggers the PendingOrder
  • EATriggerRules
    • X pips move over X Cycles (1 Cycle =  24h from OpenTime)

 Trade Setting

---

  • PendingOrder
    • Distance in pips from where EATriggerDistance is reached
    • Values can be positive or negative to indicate direction relative from OpenTime price
      • If EATriggerDirection = Any  
        • Positive numbers always in the direction away from OpenTime price
        • Negative numbers always direction towards OpenTime price
  • TradeRiskLots
    • Percentage, based on TradeSL pips and available VirtualEquity 
  • TradeDirection
    • Breakout, Retracement
  • TradeTP
    • Value in pips
  • TradeSL
    • Value in Pips
  • Cancel PendingOrder
    • Value in pips
    • When price moves opposite direction from PendingOrder price calculated/starting from the moment it was placed (basically from the price at the reached EATriggerDistance)


* Wish to extend this with more features after this initial version is done.
* Open to simplify the settings as long as it achieves the same result, am flexible on that if you know a better way.
* Delivery including sourcecode.

 


Files:

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Project information

Budget
60+ USD
For the developer
54 USD