Breakout trading with trendfilter and candle trail exit strategy (expert advisor).

MQL5 Experts

Job finished

Execution time 36 days

Specification

Dear programmers,


I would like an expert advisor that allows me to trade HIGHs and LOWs of any hour and any day range I decide so I can trade strategies such as the London Breakout, Day Breakout, US Session, Asian Session. The Range between the high and the low of the (X) previous bars I define as my PriceRange. I only want my expert advisor to trade when my PriceRange is between the minimal value of pips (X) and a maximum value of pips (X). The EA should also have the option to apply a trendfilter (Moving average) so that it only opens trades with the trend. So only place a pending buy stop order if the last bar of the PriceRange was closed above the MA and only place a sell stop pending order if the last bar closed below the MA. For my exit strategy I would like different options like a take profit, a Candle(bar) trailing stop, move to breakeven option and close all trades after a certain amount of time (in most cases this will be the end of the day). I want the time to adjust itself to daylight savings and the choice to choose between server time or local time. The idea is to have a expert advisor that's allows my to trade different currency pairs at different times. I am not a programmer but I've tried to list the above options into the setting below (I hope it is correct!).

The expert advisor is inspired based on this article: https://www.dukascopy.com/fxcomm/fx-article-contest/?Trading-The-London-Session-With=&action=read&id=1253 

Looking forward to hear from you,

Kind regards,

Lennon2012 

 

Trading settings:

  • Use local time - true or false;
  • Start time to track HIGH/LOW - time when the EA start monitoring and tracking highs and lows;
  • End time to track HIGH/LOW - time when the EA stop monitoring and tracking highs and lows;
  • Distance from HIGH/LOW – distance in pips from actual levels of highs or lows before pending orders are executed to avoid bad breakouts;
  • Delete pending orders after X minutes if not engaged – delete the orders in market if price level didn`t reach any of the pending orders;
  • One cancels other – if one order executed the other cancelled;

Trade size:

  • Fixed lots – lots from 0.01;
  • Risk per trade % - risk calculated in %;

Pricerange:

  • Minimal size PriceRange - in pips;
  • Maximum size PriceRange- in pips;

Trendfilter (MA): //this makes sure that only one pending order is placed: the one in direction with the trend.

  • Enable Trendfilter - true or false;
  • Moving average that has the general adjustable settings;

Trading day settings:

  • Trade on Sundays;
  • Trade on Mondays;
  • Trade on Tuesdays;
  • Trade on Wednesdays;
  • Trade on Thursdays;
  • Trade on Fridays;
  • Trade on Saturdays.

Trading month settings:

  • Trade on januari;
  • Trade on februari;
  • Trade on march;
  • Trade on april;
  • Trade on may;
  • Trade on jun;
  • Trade on jul;
  • Trade on aug;
  • Trade on sept;
  • Trade on oct;
  • Trade on nov;
  • Trade on dec;

Take profit

  • Enable Take profit – true or false;
  • Take Profit in numbers --> (for example 2 means, I want to take profit when the price has reached two times my initial risk (pricerange) 

Candle Trail settings:

  • Enable Candle trailing – true or false;
  • Amount of bars to track high or low - (X) ;
  • Distance Stoploss from HIGH/LOW - in pips;

Break Even Settings:

  • Enable Break Even – true or false;
  • Move stoploss to break even when profits are 'x' times greater then the initial risk (size of the PriceRange). 

Close all orders: 

  • Enable close all orders after amount of time – true or false;

General Settings:

  • Max Slippage – in pips;

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Project information

Budget
50 - 75 USD
VAT (21%): 10.5 - 15.75 USD
Total: 60.5 - 90.75 USD
For the developer
45 - 67.5 USD
Deadline
from 1 to 10 day(s)