Multiple time frame EA

MQL4 Experts Forex

Job finished

Execution time 9 days
Feedback from employee
Thanks a lot
Feedback from customer
Fatchur is Awesome to work with! Very fast and very smart guy.

Specification


BUY:

iClose (Current Bar of Current Timeframe i.e. 5M) > iClose (Previous Bar of X Time Frame i.e. 1W ) && Current Bar Distance (i.e. 5M) is less than X Pips from Close of (Previous Bar of X Time Frame i.e. 1W)  && iClose (Current Bar of Current Timeframe i.e. 5M) > (Previous X number of Bars of Current Timeframe 5M). 


SELL:

iClose (Current Bar of Current Timeframe i.e. 5M) < iClose (Previous Bar of X Time Frame i.e. 1W ) && Current Bar Distance (i.e. 5M) is less than X Pips from Close of (Previous Bar of X Time Frame i.e. 1W)  && iClose (Current Bar of Current Timeframe i.e. 5M) < (Previous X number of Bars of Current Timeframe 5M). 



CLOSE BUY:(Current Bar) < Close (Previous Bar of X Time Frame)



CLOSE SELL: (Current Bar) > Close (Previous Bar of X Time Frame)


INPUTS: Position Size

INPUTS: Starting Take Profit Pips

INPUTS: Stop Loss pips

INPUTS: Stop trading for the day after X pips daily profit 

INPUTS: Stop-loss at Previous Bar High/Low + X Pips

INPUTS: Partial Close X % of postion @ X Pips Profit

INPUTS: Activate Trailing Stop at X Pips

INPUTS: Trail price with Stop Loss by X Pips

INPUTS: Trading Hours Start Time 

INPUTS: Trading Hours End time


MONEY MANAGEMENT 

Adjust take profit for the next trade as follows:

If last trade was a loss: Change Take profit for next trade to (starting take profit pips + consecutive loss pips) Example: starting TP was 25 pips after 5 pip loss next take profit is to be adjusted to 30 pips. 

If last trade was a win by Stop-out: Change take profit for next trade to (Starting take profit pips + Consecutive loss pips - pips from last wining trade) Minimum Take profit defalut to Starting Take profit. 

Example: Starting TP was 25 Pips + 15 pips consecutive losses - 10 pip last win = next trade TP is 30 pips. Minimum Take profit is = to starting take profit.

MINIMUM RULE: If caluculated take profit for next trade is less than starting take profit then default to starting take profit. 

If win by Take Profit: Use default starting take profit pips for next trade.

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Project information

Budget
30 - 50 USD
For the developer
27 - 45 USD
Deadline
to 3 day(s)