RECOVERY SAFE

MQL4 Experts

Job finished

Execution time 6 days
Feedback from customer
Thanks you Nicole you are the best
Feedback from employee
thank you

Specification

RECOVERY SAFE
I want a EA recovery system acting like this :
When a symbol Drawdown is reached the EA activate, open a new order in the trend direction, close all the symbol order in wong trend.
Calculate a new stop loss and trailing stop.
For the trend indicator I use indicator Gold Stuff :



--- Display ---
see the screenshot

--- Setting ---
Drawdown Alert % = 35  
// When Profit / loss of the symbol reach 35 % then the EA activate
// Display Recovery Activate (see screenshots)

Close other Symbol Chart = true
// When the EA is trigger close all other symbol chart
// Example if the symbol chart is EURUSD / and Drawdown EURUSD Symbol reach 35 % (only symbol DD) close all the other EURUSD Chart of the terminal

--1/ Trend setting --
Gold Stuff Period = H4
// see screenshot
// The H4 verdict will be the trend
// if it sell to this is downtrend if it buy so this is uptrend


-- 2/ Open --
Open new = true

// if the verdict is SELL open a SELL ORDER with lot volume of total buy market order
// Example there is 5 Buy orders with a total volume of 1.86 lots open one SELL order of 1.86

// if the verdict is BUY open a BUY ORDER with lot volume of total sell market order
// Example there is 4 sell orders with a total volume of 0.78 lots open one SELL order of 0.78


--3/ Close --
Close wrong order = true

// if the verdict is SELL close all the BUY market order (of the symbol chart) 
// if the verdict is BUY close all the SELL market order (of the symbol chart)

--4/ Stop Loss---
Last fractal = 1
Fractal buffer % = 10
// set the stop loss of all the symbol order at the last fractal level (see screen shot)
// if last fractal = 2 set stop loss of all symbol orders at the second last fractal
// Fractal buffer mean add 10 % more of the SL level
// Example, if the fractal SL is set at 500 points from the actual price set it at 550 points

--5/ Trailing stop --
Trailing stop = ATR / Candle

--ATR--
ATR period = 14
ATR multiplier = 1.2
// set the Trailing stop following the ATR supertrend

-- Last candle ---
Last Candle = 6
Trailing start = 5
Trailing stop multiplier = 1
Trailing step = 5

// Last Candle 6 mean the trailing stop is the average of the last 6 candle size (see screenshot)
// Example If last 6 candle size is 200 + 150 + 180 + 90 + 250 + 100 / so the trailing stop will be 162 points
// (200 + 150 + 180 + 90 + 250 + 100)/6 = 162 points
// trailing stop multiplier = 162 * 1 = 162 points so the trailing stop will be 162 points
// Trailing start = 5
// Trailing stop = 162
// Trailing step = 5

// the trailing stop is always update when the next candle is open

// Display the Candle size Average on the chart

---Divers--
Comment = Recover
// comment Recover on the new open order
Alert = true
// if the EA is trigger due to Drawdown push a alert

Thanks

Files:

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Display.png
136.3 Kb
PNG
FRACTAL.PNG
75.8 Kb

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Project information

Budget
30 - 70 USD
VAT (20%): 6 - 14 USD
Total: 36 - 84 USD
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27 - 63 USD