Hi dear coder.
The logic for this EA is to follow the trend without any analysis.
For example Gold/Usd spot is trading at 1287$ per ounce currently. The ea will set buy stop orders above the price in distances of 10$ each; at 1290 - 1300 - 1310,.. and sell stop orders below the price with same 10$ distances at 1280 - 1270 - 1260,.. all orders have the same minimal volume of 0.01 lot (adjustable)
Former was the entries to trades.. that is selling only below the current price (at any time) and buy only above the price (at any time)
Exits are just as simple as entries:
In case of rise: buy stop stage 1 opens, distances are 10$. stop loss of first trades sets at 5$ distance (half the step). price continues up, opens stage 2, immediately stop of trade number 1 and 2 jumps 10$ up and stays there till level 3. meaning trade 1 entry at 1290 and trade 2 at 1300 once trade 2 opened stop loss of both trades sits at 1295$. in case price continues up without catching the stop losses to stage 3 at 1310 and 4 at 1320 and so on.. at each stage the stop loss of all previous open trades jumps to 5$ below the most recent opened position.
Same rules apply for the sell stop orders as well.
At any time or price the stop losses are taken, new pending buy and pending sell orders are to be set above and below the most recent market price at same 10$ distances.
The distances for each pair and times to stay away from the market are to be modified.
Similar orders
Hi, I would like to create an expert advisor to fully automatic trade in MT4 as below, it should be possible with gold or any currency pairs and need to possible with 2, 3, 4 or 5 after decimal quotes PAROL MA CROSSOVER 1. Magic Number : Customize 2. Take profit in points : Customize 3. Stop loss in points : Customize 4. Strat time in GMT : Customize 5. End time in GMT : Customize (It means no need to open a new
Hi. I will require a MT4 EA with 3 indcators for a specific time frame, certain parameters can be adjusted and should be able to automated trading. 1. RSI 2. EMA EA 3.Trading Volume . 4 & 5 digits can use 1.) 1 RSI . and 2 EMA ( cross over ) 1.1.) All different timeframe can use ( adjustable ). 1.2.) Entry pricing will need to meet at least 2 out of 3 indicators levels. 1.3.) Each indicators can be adjusted. 2.)
Need MT4 EA which will trade based on Round Number and Supertrend. Trading conditions: If buy supertrend is >= lower round number and <= the higher round number, EA will place a buy pending order at the higher round number. If sell supertrend is <= higher round number and >=lower round number, EA will place sell pending order at the lower round number. If the trade is exited because of SL/BE, EA will place another
Hi Everyone, I need a cloud based licensing system to protect my MT4 / MT5 Indicators and Expert advisors Secure an unlimited number of EAs, indicators, and scripts. Create and manage unlimited license keys for secured EAs, indicators, and scripts. Instantly suspend license keys in case of refund. Lock EA/indicator to specific accounts and time frame similar to this
I need an ea for my prop firm challenge 5000usd account. that can execute trade itself with 0.5R risk and at least 1:2 target.Not maximum drawdown 2-3% and can generate monthly return 10 to 20%
Hello Devs! I like to create a new EA based on the below conditions: (Please do not bid if you have no confidence of fulfilling the codes requirements. Thanks!) You can code MT4 or MT5 or both depending on your preference. 1. Different Magic numbers for BUY and SELL 2. Add on time filter for each day individually. Eg: Mon = 00:01-23:59, Tue = 01:00-23:30 etc. (Monday to Sunday) True/false to close all trades at end
Hi, i have a tos script i need converted to Ninja script, but someone who knows both coding. Cant be someone who is just going to paste into chat gpt, it requires more understanding for compatibility
I need an EA which takes confluence of 4 ema on 3 different time frame before taking a trade. Ea should have risk to reward option, option to add xyz pips above stoploss criteria in order to avoid hitting sl due to spreads. Customizable RR to cl9se trade partially when desired RR is reached. Also require source code to get future changes done
I need MT4 and MT5 hedging locker expert advisors that hedge existing trades either with pending or market order hedging trades. With pending hedge trades the entry price may optionally be made to trail the existing open orders. There should be option for a breakeven and trailing of the hedge trade’s stop
Hey Mql Community, Our Company need help creating and design a well automated forex ea for mt4 platform, This EA should based on the logic of an existing EA and the ideas we have in mind as a new features in the EA. Understand that We already have an EA that is working properly, we want to add a few details to it. We don’t have the source code just the ex.4 file, and as an expert specialist in the field we are
All orders
Rules