Support & Resistance only EA

MQL5 Experts

Specification

H‌i all, I am looking for a programmer that can write an EA based on support & resistance only. Pls find details below:

Asset: Stock Index
Tick: 5 points

Setup rules:

  1. Buy support, sell resistance
  2. Support & resistances are set by closing price of the candle
  3. After starting a trade, if the following XX candles close against initial trade direction, trade is closed at loss. EA should place a buy/sell limit order at the same Support or Resistance
  4. If support / resistance is crossed 2x, it is dismissed (by crossed, I mean 2 candles closes above/below)
  5. No take profit. Exit trading twice usual lot
  6. Constantly adjusting support & resistance levels
I‌nputs
  1. Stop Loss of YY points
  2. Trailing stop of ZZ points
  3. Toggle on/off round numbers (70,000; 69,000; 55,000; etc.) as Support / Resistance
  4. Start trading time
  5. Closing trading time
  6. Close all open trades at hour XX:XX (toggle if can leave deals open at the end of the day or not)
  7. Choose the number of candles closed against initial trade direction (as mentioned on rule #3)
  8. Number of ticks above/below support & resistance EA will place the order (So i can choose the trade at or few ticks near S/Rs)‌

I guess that the most difficult task is to write in computer language what a support or resistance is. As a starting point, I would suggest having a look at the ZigZag indicator (but it uses the highest/lowest value of the candle, rather than the closing price)


To further illustrate the setup, I wrote an explanation on a chart:
 
 

Cheers,

F‌N

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Project information

Budget
20 - 40 USD
For the developer
18 - 36 USD
Deadline
from 1 to 10 day(s)