Repetitive trading advisor

MQL4 Experts

Job finished

Execution time 6 minutes
Feedback from employee
Excellent customer and good job!!! Thanks!!!
Feedback from customer
Very good and timely work, developer keeps promises, understands issues rapidly and resolves as per his promise. Serious recommend!

Specification

Dear developer/freelancer

I require a expert adviser for metatrader 4 built with the following features:

  • It should issue orders at a interval of time set by the user (me). So it could be every minute (60 seconds), or every 5 minutes (300 seconds) or every hour(3600 seconds), and so on, the time between trades should be a variable set by the me when I'm opening the adviser. This is the most important part of it, instead of having a set of indicators triggering the trade it would be only time that will trigger it. one user defined field here: time to order


  • it will also include a pip count to decide whether it is a sell or a buy order. So for very time period it will count the difference between the starting position and the actual price, if the price is lower it will issue a sell order if the price is higher it will issue a buy order. So i guess the simplest way would be to calculate the price difference between t0 and t1 and compare it to 0, if greater than 0 the order will be a buy, if less than 0 the order will be a sell. To write out any errors made by the BID/ASK differences the EA should use the mean price between the two when comparing. 


  • every order issued will have a stop loss,a take profit and a quantity input which should also be set by the user. 3 user defined fields here: stop loss, take profit, quantity


  • a on/off feature that will allow me to run other trades and not be influenced by this EA


  • a liquidity stop, it should not trade more than a percent or a sum of the total available liquidity. one user defined field here: limit amount


  •  a profitability test, at a different interval of time than the one for ordering it will check every opened position and if any position shows a profit greater or equal to a set value it should close the trade. so another 2 user defined fields here: one for when to check (user defined field: time to check) and another for which trade to close (user defined field: earning)

  • will remember last user input for all user defined fields for the future


So to recap:

Opening the EA, it will ask for the user inputs, the 7 user defined fields:

time to order: (in seconds)

quantity: (in number of contracts, it should be able to accommodate decimals like 0.1 or 0.01 )

stop loss: (in number of pips under or over trade price)

take profit: (in number of pips under or over trade price)

time to check: (in seconds)

limit amount: (percentage or amount, it is up to you)

earning: (in P/L amount) 

short Running description of EA: 

  1. user  introduces inputs (the 7 fields above)
  2. after all the inputs are accepted it will memorize the price at the moment of starting the EA (price 1 at t0) 
  3. start counting seconds for both fields (time to order and time to check) with a separate counter for each
  4. when counter 1 reaches the value of variable "time to order" it will memorize the price at that moment (price 2 at t1) and reset counter1 to 0 , and start counting again
  5. it will check for available liquidity, it will compare account liquidity value vs "limit amount" input.
  6. if no liquidity price 1 is updated with the value of price 2, for next time counter 1 reaches "time to order value"
  7. If there is liquidity::
    1. it will calculate the difference between price 2 and price 1
    2. it will compare the result with 0 
    3. depending on the result it will issue a sell or buy order at market value with the quantity, stop loss and take profit imputed by the user
    4. price 1 will be updated with the value of price 2 for next check
  8. when counter 2 reaches "time to check" variable, it will run the profitability check and reset to 0
  9. each trade's P/L is checked vs "earning" amount, if greater than earning, trade will close, if not trade will continue

 

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Project information

Budget
10 - 100 USD
VAT (19%): 1.9 - 19 USD
Total: 11.9 - 119 USD
For the developer
9 - 90 USD
Deadline
to 5 day(s)