Job finished
Execution time 6 minutes
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Feedback from employee
Excellent customer and good job!!! Thanks!!!
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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:
- user introduces inputs (the 7 fields above)
- after all the inputs are accepted it will memorize the price at the moment of starting the EA (price 1 at t0)
- start counting seconds for both fields (time to order and time to check) with a separate counter for each
- 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
- it will check for available liquidity, it will compare account liquidity value vs "limit amount" input.
- if no liquidity price 1 is updated with the value of price 2, for next time counter 1 reaches "time to order value"
- If there is liquidity::
- it will calculate the difference between price 2 and price 1
- it will compare the result with 0
- 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
- price 1 will be updated with the value of price 2 for next check
- when counter 2 reaches "time to check" variable, it will run the profitability check and reset to 0
- each trade's P/L is checked vs "earning" amount, if greater than earning, trade will close, if not trade will continue
Responded
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301
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Project information
Budget
10 - 100 USD
VAT (19%):
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Total:
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For the developer
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USD
Deadline
to 5 day(s)