Failure bar multi grid

MQL4 Experts

Job finished

Execution time 16 days
Feedback from employee
Ollaya knows exactly what he wants, and has a lot of patience!! Recommended client!

Specification

I want to create an EA to start using candle pattern as a trigger to the start of a new set of trades.the  EA will be  placing a grid of trades of 1 level .

The ea will place this grid only if trriger candle is formed.

We will use the candle size and pattern to define this trigger ( use the attached indiactor to define the desired pattern – failure candle).

TP: tp Factor X ( high[1]-low[1])

SL: Sl Factor X ( high[1]-low[1])

 

 

 

1-      Place a buy at the close of a bullish candle.

2-      place 3Xlotsize pending sell at the low of the candle.

3-      If the sell at the lower level is open, place 6Xlotsize pending buy at the upper level.

4-      If the buy at the upper level is open, place 12xlotsize pending sell at the lower level.

5-      24-48-96……..

Same process if the candle is bearish and 1st trade is sell:

3xlotsize pending buy then 6X pending sell then 12x pending buy…….

 

Here are the important things:

The ea will have the option to open multiple set at one time, this means that if the indicator gave us a signal to start the 1st grid (set).and subsequently we had another signal , the ea will start a new set of trade and a third and fourth and … maxSet of trades. ( see attached files for more info)

 Here are the extern inputs :

----Money management ----------------

·         Use Equity % : true/ False

·         % of equity :

·         Fixed lot size :

·         Max lot size :

·         Max set of trades :

·         Candle Size : 20 ( no trade will be placed if the candle trigger is less than 20 pips in length)

·         Stop Loss Factor:

·         Take profit Factor :

·         Breakeven Pips : 20 (move the sl to the BreakEven Profit after 20 pips).

·         BreakEven Profit in pips : 5 ( when price move 20 pips ( Break even pips) , move sl to +5).

·         $ profit to close all sets: 100 (if the total profit is 100 , ea will close all orders ( open and pending and start over again)

·         Start Time : EA will start trading after this time ( unless there is set of trades running , the ea should keep placing orders only for those sets ( if not we will have unbalance)

·         End Time : EA will stop trading after this time ( unless there is set of trades running , the ea should keep placing orders only for that set ( if not we will have unbalance)

 

 

 

 

 

 

 

 

 

 

 

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Project information

Budget
20 - 40 USD
For the developer
18 - 36 USD
Deadline
from 3 to 7 day(s)