Robot for execution at fixed in and out levels

MQL5 Experts

Job finished

Execution time 7 days

Specification

Requirements

 

The trading strategy is based on hedging EURGBP positions and using Trailing Profit/Stop Loss.

 

Rules for opening and closing positions:

- trade execution at fixed entry levels

- orders at fixed levels (see example 1)

- as Trailing Profit/Stop Loss is hit, automated re-order at same (=old) execution level (see example 2)

- Trailing Profit/Stop Loss: as price moves in favor of a trade, SL should move with it at 7 pips distance (see example 3)

- SL set at 70 pips loss from buy price (see example 2)

- trade size is 0.01 LOT

- leverage 1:100 


 Example 1 (orders):

 - pre-programmed buy orders starting from 0.020 up to 9.980 (one buy order at 20 pips difference)

 - pre-programmed sell orders starting from 0.010 up to 9.990 (one sell order at 20 pips difference)

 Example 2 (automated re-orders):

  - buy in at 0.7660 → trade hits Trailing Profit/Stop Loss at 0.7670 → another buy order is automatically being created at 0.7660 entry

  - sell in at 0.7670 → trade hits Stop Loss at 7740 (70 pips difference) → another sell order ist automatically being created at 0.7670

  Example 3 (setting of Trailing Profit/Stop Loss):

  - buy in at 0.7680 → trade moves at 0.7699 → trade then moves to 0.7692 and therefore hits Trailing Profit/Stop Loss → sell is being executed at 0.7692 as trade hits 7 pips difference to high price (0.7699-0.7692)

  - sell in at 0.7690 → trade moves to 0.7663 → trade then moves to 0.7670 and therefore hits Trailing Profit/Stop Loss → sell is being executed at 0.7670 as trade hits 7 pips difference to high price (0.7663-0.7670)

  - sell in at 0.7650 → trade moves to 0.7640 → trade then moves to 0.7643 and therefore hits trailing stop loss → sell is being executed at 0.7643 as trade hits 7 pips difference to "in" price (0.7643-0.7650)

 

Code should be programmed to be easily adapted (in future customizations) to use with multiple currency pairs. 

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Project information

Budget
20 - 25 USD
VAT (19%): 3.8 - 4.75 USD
Total: 23.8 - 29.75 USD
For the developer
18 - 22.5 USD
Deadline
2 day(s)