Need Expert Adviser That Tracks Losses

MQL4 Experts

Job finished

Execution time 19 days
Feedback from customer
He understood my EA requirements perfectly and did a great job. He was very quick to answer questions and make necessary corrections and updates. I'll definitely use him again.

Specification

I need an EA built where orders are triggered from a standard MT4 indicator.  This indicator will be calculated on a Daily time frame, but will be traded on an hourly chart.  I already have the multi-time frame version of this indicator that I can provide to the programmer.  Order entries are based on the hourly ATR distance from the indicator price and activated when the indicator price is touched.  All standard expert adviser stuff.

The most important and perhaps trickiest element to this EA is that it needs to track pip losses and add those losses to the Take Profit after each trade.  For example, if the original Take Profit is 10 pips and an order gets stopped out for 5 pips, then the new Take Profit for the next trade is 15 pips.  The pips tracking should be done for each chart as the EA will be used across several pairs.

The other element is that each losing trade needs to be re-opened at the same price level and stop loss as the one that was stopped out.  Essentially this is a break out strategy where orders continue to be placed at the breakout levels until the Take Profit is reached or until the EA is removed from the chart.

Thanks!

 

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Budget
10 - 80 USD
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9 - 72 USD
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from 1 to 5 day(s)