Omari

MQL4 Experts

Job finished

Execution time 4 days

Specification

                                                                                                                                     Omari hedgehock
ENTRY

EA should use moving average to determine when to place orders. EA should make buy orders when a candle stick close above moving average and make sell orders when a candle stick close below moving average. Ea uses no stoploss but uses an opposite bigger lot size pending order as stoploss. 

 

                                                                ZONE RECOVERY AREA (how Ea get out of trade when ea is losing trade)

This is opening a higher lot size trade in the opposite direction of the original trade when EA is losing some amount of pips specify by user which I call RECOVERY AREA. My recovery area is my acceptable loss which am willing to risk  after that Ea by DownSave"> hedges trade with a bigger lot size opposite trade .In this situation EA completely ignore moving average entry method until it completely close the entire sequence at my define set profit then continue placing trades in the direction of  moving  average.eg if EA is in a sell position of 0.01 and my acceptable recovery area pip is 20pips immediately the sell order is placed Ea should calculate 20pips and put a bigger lot size  pending order(buy stop 0.02) waiting to be hit incase trade goes bad. If market continues to go long and profit target is hit, EA should close the entire sequence at profit (both loss sell 0.01 and profit buy 0.02). immediately my buy  stop order is picked Ea immediately place a bigger lot size pending order sell stop(0.03)at the same position where the initial sell order(0.01) was place waiting to be hit in case the market decides to  reverse after hitting buy stop, Ea continues to repeat this process till my profit target is hit and Ea closes the entire sequence at profit . Immediately profit target is hit Ea close all trades including (active orders and pending orders) and continues placing trades in the direction of moving average.

 

                                                             FEATURES 
The recovery area should be user define (I mean it can be change be user) in pips .OPTIONAl                                        
Ea should have shutdown after close a specific sequence of by DownSave"> trade option. That means if that option is set on ea will shut down after closing a current trade. OPTIONAL
Ea should use profit basket  i.e. user set profit target and when it is hit user take profit (no take profit line)
Ea should have separate profit basket for moving average and separate profit basket when it is in recovery mode.(immediately Ea hedges order ,recovery mode starts)
Ea should always close current trade and pending orders before looking for signal from moving average.
Immediately basket profit is hit Ea continuous placing   trades in direction of moving average.

Ea should have lot multiplier which mupliers orders base on next orders.

Ea should have breakeven .breakeven should be based on number of trades Ea places eg.if EA places trade above a specific number of trades ,Ea should target to close all trades at breakeven





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Project information

Budget
20 - 40 USD
For the developer
18 - 36 USD
Deadline
from 1 to 10 day(s)