Simple GRID trading EA

MQL4 Experts

Job finished

Execution time 15 hours

Specification

I will like a developer to create an EA based on grid trading system. 10 different price levels will be defined above and below the current price. At each level, a buy and sell pending order should be placed.

The take profit for the first level buy order will be price at level 2 above (make this a variable, but default 2). The stop loss will be the price at level 4 below the entry level (make this a variable, but default 4). Reverse is the case for the first level sell order, take profit will be level 2 below (make this a variable, but default 2) and stop loss is level 4 above (make this a variable, but default 4).

Once an order is triggered and closed due to reaching profit target, the EA should automatically re-submit the order. Only orders that were closed as a result of take profit target should be re-submitted. Orders that are closed due to breaching stop loss should not be resubmitted.

All the 10 levels above and 10 levels below the current price should be variables that could be defined by the user.


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Project information

Budget
20 - 40 USD
For the developer
18 - 36 USD