Coding an EA without any indicators

MQL4 Experts

Job finished

Execution time 2 days
Feedback from customer
Great communication with coder and results as expected

Specification

To make things short, this trading style does not need any indicator, only the current price.
 
The EA should do the following:
 
1. when attached to the chart, the EA should immediately open a buy and a sell stop order, at a preset distance from the current price
2. when the price moves away from a stop order, this order should than be trailed behind the current price, to keep the preset distance, even after the other order got triggered.
3. when a order got triggered and hits SL or TP, the same kind of order should be opened again, with the preset distance from the current price.
 
What settings should the EA have:
 
Maxspread =20 (points)
Pips away current price = 7 (pips)
Take profit = 6 (pips)
Stop Loss = 4 (pips)
Virtually Trail Stop Order = yes/no (to prevent too many modifications to an stop order, when price is moving into the other drection)


Trailing=yes/no
Trailing Stop = 4 (pips)
Trailing Start = 0 (pips)

Money Management
Fixed lotsize = 0.01
Risk = 1.0 (% from balance/equity)
Risk from = balance or equity
 
I personally do not really like TS, but just for testing.
 
As you can see, there will be many modifications to an order, when price is moving against it.
And some broker might lock the trailing stop order, because of too many modifications.
 
To prevent a locked order from the broker side, a virtual modification of the trailing stop order could be the solution.

So the EA should open a real stop order, when the price is moving in the direction of the virtually trailed order.

Hope someone is able to code this ;-)




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Project information

Budget
10 - 70 USD
VAT (19%): 1.9 - 13.3 USD
Total: 11.9 - 83.3 USD
For the developer
9 - 63 USD
Deadline
from 2 to 5 day(s)