NEED SIMPLE BUY SELL (HEDGING) TRADE EA FOR MT4

MQL4 Experts Other Forex

Job finished

Execution time 6 hours
Feedback from customer
I worked with several developers in mql5.com. Personally I can say he is the best one. He is very logical and his analytical capability is far better than anyone. He is humble and helpful.
Feedback from employee
Brilliant customer. Great to work with a very knowledgeable trader, with effective and persuasive communication. Thank you.

Specification

DESCRIPTION:

I need EA for MT4 platform which will help me to do followings:

(1) EA will have one ENTRY/START button and one STOP/CLOSE button.
(2) When I shall click ENTRY button, it will take both BUY and SELL trade immediately for pre-defined Input.
(3) In the Input setting, I must be able to SET lot size, equal Stop Loss (SL) and Target Profit (TP), adjustable pips (SL_Adjust) for BUY and SELL.

When I click ENTRY button, EA must take one BUY and one SELL trade exactly in the same time. Both trades must have same LOT size.

When I click Stop button, EA must close all trades.

I must be able to pre-define LOT size, SL, TP and SL_Adjust in Input setting facility.

STEP 1:

Say I enter below settings in Input as follows (For Example)
Lot size = 0.01 lot size
SL = 45 PIPS
TP = 90 PIPS
SL_Adjust = 2 PIPS

Now, If I click "Start" button of EA, it will take immediately 0.01 BUY trade and 0.01 SELL trade. Also EA shall put SL = 45 PIPS, TP = 90 PIPS and SL_adjust = 2 PIPS for both trades. Here SL and TP will be visible but SL_Adjust will not be visible. I shall explain function of SL_Adjust later. So, there will be hedging.

So, there is two trade (for example)

(1) BUY Trade:
ENTRY or ASK: 1.1334
STOP LOSS: 1.1289 (45 PIPS or 450 points)
TARGET PROFIT: 1.1424 (90 PIPS or 900 points)


(2) SELL trade:
ENTRY or BID: 1.1333
STOP LOSS: 1.1378 (45 PIPS or 450 points)

TARGET PROFIT: 1.1243 (90 PIPS or 900 points)



STEP 2:

In hedging, when SL of one trade hits that means when hedging is broken, then SL of Remaining Trade should be automatically shifted by EA 2PIPS (SL_Adjust) above or below of entry point/line for BUY and SELL trade respectively.

Why do I want this?: I don't want both trades make loss in case of bad condition. If one trade hits Sl, then other trade or remaining trade must lock small profit at least.


EXPLANATION WITH EXAMPLE:

Assume that there are one BUY trade and one SELL trade for EURUSD pair after clicking "Start" button of EA,
where
ADJUSTABLE PIPS = 2 PIPS or 20 Points
Spread = 1 PIP or 10 POINTS.

 
(1) BUY Trade:

ENTRY or ASK: 1.1334
STOP LOSS: 1.1289 (45 PIPS or 450 points)
TARGET PROFIT: 1.1424 (90 PIPS or 900 points)


(2) SELL trade:

ENTRY or BID: 1.1333
STOP LOSS: 1.1378 (45 PIPS or 450 points)
TARGET PROFIT: 1.1243 (90 PIPS or 900 points)
 

Example 1:

Say after one-hour market goes up where

ASK = 1.1384
BID = 1.1383

In hedging, Trade number 2 or SELL trade will hit STOP LOSS. Now, remaining trade or running trade is Trade number 1 or BUY trade. This time, EA should shift STOP LOSS of BUY Trade above 2 PIPS of ENTRY/ASK value of BUY trade.
 
So, modified or shifted SL of BUY trade will be like this:
Shifted SL = ASK+ ADJUSTABLE PIPS
= 1.1334 +2 PIPS
= 1.1336

Therefore, EA will shift OLD SL of BUY Trade to new value at 1.1336

Reason: In hedging, I have loss 45 PIPS in SELL trade but still I have profit 2 PIPS in BUY trade considering bad market condition.



Example 2:

Say after one-hour market goes down where

ASK = 1.1280
BID = 1.1279

In hedging, Trade number 1 or BUY trade will hit STOP LOSS. Now, remaining trade or running trade is Trade number 2 or SELL trade. This time, EA should shift STOP LOSS of SELL Trade below 2 PIPS of ENTRY/BID value of SELL trade

So modified SL of SELL trade will be like this:
Shifted SL = BID - ADJUSTABLE PIPS
= 1.1334 - 2

= 1.1331


Therefore, EA will shift OLD SL of SELL Trade to new value at 1.1331

EA should work for all currency pairs including JPY related pairs.

Reason: In hedging, I have loss 45 PIPS in BUY trade but still I have profit 2 PIPS in SELL trade considering bad market condition.


I must be able to attach EA with different currency charts at screen window. It could be H1 EURUSD, it may be M30 EURUSD or H4 GBPJPY or D1 EURGBP etc. All can have same input or all can have different individual input settings. 

For example, If I attach EA to EURUSD H4 chart, I can set some values in Input for this. Similarly, if I attach this EA with GBPJPY H4 chart, it can have different values in Input settings. It must work with multiple currency pairs with different Inputs.

If I need to change TP of running Trade, I must be able to do it manually. Manually shifting of TP should not disturb EA functionality.


Pre-condition:

IF YOU ARE not FLUENT IN ENGLISH, PLEASE DON'T APPLY FOR THIS JOB.

BUDGET IS ONLY $30. No negotiation.

I shall not select anyone without testing his/her DEMO work. Demo version must have at least 7 working days validity. Otherwise, don't apply for this order.


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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
from 2 to 10 day(s)