Job finished
Specification
hi,
I require a simple bollinger band breakout EA.
This EA is to enter a buy when the price bar closes above the bollinger band and it is to sell when the price bar closes below the bollinger band.
Additional conditions are as follows:
- Bollinger Band Width (distance between the top BBand and bottom BBand) < XX pips, then a trade can be activated.
- When price is above EMA(YY), then only a Buy trade can be enter. When price is below EMA(YY), then only a Sell trade can be enter.
Both conditions can be switched on or off.
After trade is entered, there is to be a Take Profit value. There is also to be a Trailing Stop and this starts when the trade hits CC pips.
TP = AA pips
SL = BB pips
Trailing Stop Starts = CC pips
Trailing Stop Step Size = DD pips (determines how many pips before the EA modify the trade's Stop-Loss)
Trailing Stop = EE pips
When the trade loses, the EA is to use a simple hedging grid as follows:
Example:
EA enters a Buy Trade #1.
- Buy Trade #1 loses XX pips, EA will enter a #2 Buy Trade (lot size is same as #1)
- Buy Trade #2 loses XX pips, EA will enter a #3 Buy Trade (lots size is YY x Lot size of #2)
- Buy Trade #3 loses XX pips, EA will enter a #4 Buy Trade (lots size is YY x Lot size of #3)
- Buy Trade #4 loses XX pips, EA will enter a #5 Buy Trade (lots size is YY x Lot size of #3)
When sum of total pips of all trades = AA pips, close all trades together. (i.e. #1 pips + #2 pips + #3 pips etc = AA)
The number # of trades entered will be based on extern parameters.
extern parameters:
Grid Size : XX pips
Multiplier Starts: 3 (This will determine which grid trade the multiplier will starts.. before this trade, the lot size will be the same as trade #1)
Multiplier : YY (decide the multiplier when the multiplier starts for the grid)
Max Number of Grid Trades : ZZ
Total TP Pips = AA pips