PSAR-Martingale

MQL4 Experts

Job finished

Execution time 1 day
Feedback from customer
great programmer, delivers on schedule. i like working with him.
Feedback from employee
Excellent client!

Specification

PSAR-Martingale will be an Expert Advisor which logic is very simple. It is a Martingale EA that opens one order at a time, based on the logic Parabolic SAR.

It will open an order based on the PSAR dots (ie, at the exact point the dot changes direction); and sets stop-loss at the new position of dot, and take-profit, at equal (but) opposite side of SL.

If Stop Loss is Hit the Trade is Multiplied by the Factor of Martingale, and the order direction is reversed. This continues until a TP has been reached. Then the EA resets and Starts the system all over again.

 

Please all parameters should remain same as in the previous PSAR EA you built.

  • Money management (%, fixed lot, risked value) 
  • take profit multiplier
  • Daily Trades Maximum
  • Maximum number of orders (very important, please)
  • Time filter (time start/time stop)

Please note that after EA picks trade using positions of PSAR dot (to open trade, set SL, and set TP), this distance must be maintained until EA completes that cycle of trades.

Eg, If EA opens a trade (at PSAR dot change) and sets SL = 10pips, and TP=10pips; THIS 10pips DISTANCE must be maintained for remaining reversals, until TP (or maximum number of trade set in parameters) is reached.

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Project information

Budget
45+ USD
For the developer
40.5 USD
Deadline
from 2 to 3 day(s)