Range Trading Bot

MQL4 Experts

Job finished

Execution time 2 days
Feedback from customer
An overall good experience and excellent communication skills. Really quick in implementing logic and functions and takes time to understand user requirements

Specification


Requirements for range trading EA with the following criteria:

Lot Size = 1.00

Calculate pip range from start time - end time

Create user input for % Range

eg. 50% Range = pip range from start time - end time divided by 2

EA must use 'x'% Range for entry below and above range
eg.

Range = 100 pips
50% Range = 50 pips
Deviation = 10 pips

1. Buy at market when price is 40 - 50 pips below range bottom

2. Sell at market when price is 40 - 50 pips above range top


Max Trades = 5
eg. 5 trades executed @ 1.00 lots

Take Profit Parameters:

Use % Range x multiplier levels (5)

eg.
Range = 100 pips
50% Range = 50 pips

Profit Levels (enable/disable) with true/false for each level

Profit Level Trade1 = close 20% of position at (50 pips x 0.50 (user input))
eg Partial Level Trade1 = close 20% of position at 25 pips
Profit Level Trade2 = close 20% of position at 50 pips x multiplier (user input)
Profit Level Trade3 = close 20% of position at 50 pips x multiplier (user input)
Profit Level Trade4 = close 20% of position at 50 pips x multiplier (user input)
Profit Level Trade5 = close 20% of position at 50 pips x multiplier (user input)

Time filter(enable/disable)

Start Trade Time
Stop Trade Time
Close Trade Time


Notes:

- if max trades = 5 and only profit level trade1,trade2, trade3, trade4 is enabled. No takeprofit level is applied to the 5th trade
- EA must be able to hold hedged positions (buy and sell order simultaneously)



User Input fields:

Magic number = 0

Lot Size = 1.00

Stoploss = 500 (50 pips)

Range Time Start = 00:00
Range Time End = 12:00

Range(%) = 50

Deviation = 100 (10 pips)

Max Trades = 5

Profit Levels (enable/disable)
Profit Trade Level1 (true/false)
Multiplier1 = 0.50
Profit Trade Level2 (true/false)
Multiplier2 = 0.50
Profit Trade Level3 (true/false)
Multiplier3 = 0.50
Profit Trade Level4 (true/false)
Multiplier4 = 0.50
Profit Trade Level5 (true/false)
Multiplier5 = 0.50

Time filter(enable/disable)
Start Trade Time = 08:00
Stop Trade Time = 14:00
Close Trade Time = 15:00

All 5 trades @ 1.00 lots close at 50% of 100 pip range x .50 = 25 pips



Files:

TXT
EA_work.txt
2.2 Kb

Responded

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Developer 1
Rating
(251)
Projects
400
54%
Arbitration
9
67% / 22%
Overdue
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Project information

Budget
40 USD
For the developer
36 - 36 USD
Deadline
from 1 to 2 day(s)