Grid Trading EA with Simple Equity Management

MQL4 Experts

Specification

Hi - I'm looking for someone to code up an ea with the following input variables and on screen dashboard. Happy to negotiate.

Input Variables

Trading Direction

Long/Short/BiDirectional/None

None can be selected to view on screen dashboard before executing trades. Eg to view risk calculations etc

Stealth Mode

On/Off

On = the EA takes market orders at designated price levels, Off = pending orders for the grid are sent to the broker with sl’s.

Total Account Max Risk %

1-100%

If drawdown from current balance exceeds this amount then close all grids on all charts and stop trading.

BUY GRID

 

 

Trade Manager Mode

Standard/Avg Out

Avg out takes the avg entry price of currently opened positions and sets stop loss here to close the grid. Then does not take another trade. The SL is adjusted everytime a new position is opened. Standard does nothing.

Above/Below Current Price

Above/Below/Both

Sets grid to take trades only below or above current price or both

Number of Trades

1-200

Max number of trades to deploy

Spacing in Pips

5-500

Spacing between trades

Lot size per trade

.001 - 20

Lots per trade

Stop loss Level for Grid

0 = no sl

Sets price level for sl for all trades deployed

Take Profit level for Grid

0 = no tp

Sets price level for tp for all trades deployed

Grid Ceiling

Price Level above current price to not take trades, 0=none

Option to set price level where the ea will not trade above ie upper limit of the grid

Grid Floor

Level below price to not take trades, 0=none

Option to set price level where the ea will not trade below ie lower limit of the grid

Enable Position Sizeing

Yes/No

auto calculates lotsize from number of trades and SL level

-           Pos Size Max Risk %

.1% - 50%

This % is the max loss of a fully deployed grid and sets sl accordingly

Set Grid tp %

.5% - 50%, 0 = not used

Automatically sets tp for the grid calculated from number of trades, spacing and lotsize

SELL GRID

 

 

Trade Manager Mode

Standard/Avg Out

Avg out takes the avg entry price of currently opened positions and sets stop loss here to close the grid. Then does not take another trade. The SL is adjusted everytime a new position is opened. Standard does nothing.

Above/Below Current Price

Above/Below/Both

Sets grid to take trades only below or above current price or both

Number of Trades

1-200

Max number of trades to deploy

Spacing in Pips

5-500

Spacing between trades

Lot size per trade

.001 - 20

Lots per trade

Stop loss Level for Grid

0 = no sl

Sets price level for sl for all trades deployed

Take Profit level for Grid

0 = no tp

Sets price level for tp for all trades deployed

Grid Ceiling

Price Level above current price to not take trades, 0=none

Option to set price level where the ea will not trade above ie upper limit of the grid

Grid Floor

Level below price to not take trades, 0=none

Option to set price level where the ea will not trade below ie lower limit of the grid

Enable Position Sizeing

Yes/No

auto calculates lotsize from number of trades and SL level

-           Pos Size Max Risk %

.1% - 50%

This % is the max loss of a fully deployed grid and sets sl accordingly

Set Grid tp %

.5% - 50%, 0 = not used

Automatically sets tp for the grid calculated from number of trades, spacing and lotsize

 

On chart Dashboard

(top left, 10pt font size)

 

Trading Direction: Buy/Sell/BiDirectional/None

Mode: Standard/Avg Down

Current Grid Allocation: eg 1/5 (1 opened of 5 total)

Current Risk Exposure: $... (calc if all currently opened trades stopped out), ( also express as % of (current balance)

Total Risk Exposure: $... (calc if total grid was deployed and all trades stopped out, whether fully deployed yet or not), (also express as % of (current balance)

Profit/Loss: $, Pips, % (running profit/loss in $ and pips (in brackets) and % of balance)

Max Account Risk $,% (if possible show the total exposure combined of all grids on other charts as well)

Show grid button (dashed lines to appear on screen so you could view potential grid even in stealth mode)

 

Other items to display at all times:

If set: Grid Ceiling/Floor (dark yellow), Avg entry price of currently opened trades (blue), show SL & TP levels if in stealth mode)

 


 



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Project information

Budget
200 - 300 USD
For the developer
180 - 270 USD
Deadline
from 7 to 21 day(s)