FreelanceSections

Money manager EA

MQL4 Experts

Job finished

Execution time 15 days
Feedback from customer
good work
Feedback from employee
Good Communicator, and easy to work with! Highly recommended.

Specification

I need an EA cutting loss positions every specific timeframe, if a specified (balance - equity)/balance % is reached.
Parameters should be the following:

N° DescriptionValueExplanation
 1TFM1, M5, M15, and so onThe TF at which EA performs controls
 2(Balance - Equity)/Balance %% choosen by me (i.e. 5%, 10%, and so onThe % over which EA starts to cut positions at loss
 3Trades to cutdigit valutThe number (1,2,3...) of deals to be cutted each TF if Equity/balance % is crossed
 4Deals to cut1) The oldest
2) The youngest
3) The Lowest loss (absolute value in dollars, euros etc.)
4) The Greatest loss (absolute value in dollars, euros etc.)
5) The Lowest pips 
6) The Greatest pips 		1) EA cuts the oldest position (hour/date) accordingly to number in point 3
2) EA cuts the youngest position (hour/date) accordingly to number in point 3
3) EA cuts the position with lowest loss
4) EA cuts the position with greatest loss
5) EA cuts the position with greatest distance (in pips) from entry price
6) EA cuts the position with lowest distance (in pips) from entry price

Suppose the following parameters:
=====
TF = 5M
Equity/Balance % = 25%
Trades to cut = 3
Deals to cut = The Oldest
In this scenario, EA every 5 minutes checks if (balance - equity)/balance crosses over 25%. If not EA do not performs anything. If Yes, starts to cut positions accordingly to others parameters. If Yes, EA cuts 3 oldest positions.
EA then waits next 5 minutes, and performs a new check on (balance - equity)/balance %. If again over 25%, a new cut of 3 position is performed.
=====

Another example:
=====
TF  = 1H
Equity/Balance % = 30%
Trades to cut = 1
Deals to cut = The Greatest pips
In this scenario, EA every 1 hour checks if (balance - equity)/balance crosses over 30%. If not EA do not performs anything. If Yes, starts to cut positions accordingly to others parameters. If Yes, EA cuts 1 position, with greatest distance from entry price than all the other ones (EA considers only distance about deals in loss).
EA then waits next 1 hour, and performs a new check on (balance - equity)/balance %. If again over 30%, a new cut of 1 position is performed.
=====


Please also consider that:
Deals to be cutted comes from another EA.

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Project information

Budget
30+ USD
Deadline
to 3 day(s)