New EA to trade on my indicator using Martingale

MQL4 Experts

Job finished

Execution time 3 days
Feedback from employee
good and kind person explained the work well

Specification

SIGNART Arrow = our Arrow that prints the arrows

GSFX U + GSFX D are the EA we use it is a differant buyer and seller but this should be rolled into ONE ea that buys or sells only when an arrow comes.

It will only Buy or sell at the end of the Candle and any new trades for martgingale only come on the close of the next candle 

We need an EA to Fire when our Indicator prints an arrow. when the arrow comes down or Up we want to enter a trade seqencuce in the direction of the arrow.

The system will then use Martingale to get out of the trade. it works like this, we have a PIP Step - Lot multipler and a TP. the first two trades are the same size and the 3rd and subseqent trades are multipled by the lot multipler. the TP is the average price of the orders + Commisions + Swaps add the TP. the system only checks to open a new martingale order on the new candle so if the PIP Step is say 15 pips and the new candle opens with a gap of 15 or more to the first order then it will open another order and it will add the orders + commision + Swap together then add 10 Pips to the TP and set the TP on all the orders to average out at that point so if we are using 0.01 and we have 3 orders open we get 0.01 0.01 0.02 so at this point we have 0.04 open and a TP of 10 pips we should bank 4$ after commisions and any swaps. typically we have pip step = 1.357. 

Indicator is called Signart and we only use the Value Charts set to -2 and +2 and Stochs at defaults on M30 it gives an arrow we enter in the direction and it marginales to recover if needed.

We have an EA built that does the Trading which u can referance for your building as it should work this way. 
if we are in a setup selling or buying and an oposite signal comes we should run that as a completely independant setup. so the first setup should manage itself out and the second should also.

System should have a max spread filter on the first trade only. so if max spread is 2.0 pips and EURUSD fires with a spread of 2.1 it will simplly skip the setup, but if we are in the setup and its time for a second order then spread is to be ignored. 

We would like the system to smart to know how many setups we are in, so we will run this on multiple pairs at the same time but we want a setting like MAX Setups = 12 and a setup is to be concidered as trading a pair in 1 direction. so if we are buying and selling a pair its 2 setups. EA will sit on each pair and count the setups. if we have 12 or whatever the max is it will ignore new setups until we drop below the max setup number. once we drop below we will wait for a new arrow to come before jumping in. 

We would also like a DD protection so if we set to 50 it means our equity drops to 50% of our balance then it will close all trades and disable trading. 

INPUTS 
Signart Arrow settings Pull these from the Signart Arrow
Value Chart settings
Stoch
RSI 
remove SHI Channel we never use it 
Trade Settings
Starting Lot size = 0.01
Pip Step = 15
Lot Multipler = 1.357
TP = 10
Max setups = 12
Max DD = 50
Time Filter = Only Trade betweeen these times

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Project information

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Deadline
from 1 to 3 day(s)