Job finished
Execution time 4 days
Feedback from employee
Feedback from customer
1.
How to enter trades
The EA is supposed to enter two trades both sell and buy and
the same level when it is activated. It will include take profit of the trades
and when the market moves to take profit it will open two more trades of buy
and sell, if there is a pending trade at that level distance it will not open another
trade similar to it.
Illustration
Let’s say the level distance is 11 points and take profit is
also 11 points the EA will open two trades and market moves up the buy will
close at take profit and the EA will open a buy and sell. When the market moves
down the sell will close and the EA will put a buy because there is an earlier
pending buy.
2.
Slippage and spread
limits should be
available
3.
Lot size
The EA will not adjust the lot size, it will be changed
manually
4.
Maximum drawdown
The EA should have a maximum draw down per chart and this
will be calculated as below
If maximum drawdown is 30 and the level distance is 20 pips
Assuming the market moves down the buys will be as in
negative and when it reaches the maximum all trades will be closed
Buy 1 = -10
Buy 2 = -8
Buy 3 = -6
Buy 4 = -4
Buy 5 = -2
When The maximum drawdown is reached the EA will suspend trading
in that chart for specified number of hours or days
When the market moves in one direction to that level all
trades will be closed
Send email if maximum draw down reaches 80%
5.
Short long positions
The EA should have option to trade long, short or both
positions
6.
Trailing
EA should be able to trail profits and pending trades
Responded
Arbitration
155
20%
/
52%
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