FreelanceSections

Price Breakout EA

MQL4 Experts

Job finished

Execution time 1 day
Feedback from customer
The developer created a stable EA as requirements and was tolerant with adding small fixes that haven't been in the original description. very good.
Feedback from employee
Thank you very much !!!

Specification

Hello, 

i need someone to build an EA that will


1. identify a price channel based on highest price / lowest price in a given time frame per day (for example 2 hours) according

to GMT time. So take candle high and candle low of the defined timeframe and store these price levels as well as the distance of the range

in variables. 


1a. Draw the lines of the price channel into the chart.


2. Create 1 Pending Orders each above / below the price channel with a distance of a half price-channel size from each side. 

So create Buy order when price is above pricehigh + 1/2*(pricehigh-pricelow).

So create Sell order when price is below pricehigh + 1/2*(pricehigh-pricelow).

The multiplier which is 1/2 in the example should be an Input Variable.


3. Set the Stoploss at the opposite end of the price-channel +/- a defined value of pip (Input Variable).

So if the Buy order is triggered and price goes back down below the Pricelow of the pricechannel, close order.

If the Sell order is triggered and price goes back up above the Pricehigh of the pricechannel, close order.



4. Set Trailing Stop at the pricehigh + size of price-channel, so Trailing Stop would be at pricehigh + (pricehigh - pricelow) for Buy Order

and pricelow + (pricehigh - pricelow) for Sell Order.


This would be the first version.


I appreciate your offers.

bz


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Project information

Budget
20 - 80 USD
VAT (25%): 5 - 20 USD
Total: 25 - 100 USD
For the developer
18 - 72 USD
Deadline
to 3 day(s)