Specification
I need a money management EA that will Identify the position size based on percentage/money of the Balance when I place my stop loss.
The EA will split my position from 1 to 3 lots (user defined).
The EA will be able to handle Limit Orders and Market orders if activated.
The EA should work fine on offline charts (I have OVO Omnia Bar Suite/Omnia Remote).
The display should be customisable (vertical axis and horizontal axis)
The display should be more like a panel with the option to minimise it. (More details later)
The EA will automatically calculate lot size for Indices and Exotic pairs. The EA will have a unique number (Order number will do) linked specifically for each Order (combing the 1-3 lots). It will allow hedging or re-entering on same pair.
How does it work:
----For Stop Loss
All what I care for is the visuality on the screen
It will display (short line) for Entry/StopLoss/Target/s for three lots. The colours are customisable please.
When I customise the stop loss (I.e moving the short line up or down), the EA will have a display on the screen readjusting its position size calculation and showing loss in money and percentage.
-----For Targets and Stop Trailing
For targets: I want to move the (short line for each target of the lots) and see on the display panel the ratio. For example: 1:1 or 1:2.or 1:1.5, etc. Also the panel should show the amount of money expected to be earned.
For Stops and Stop trailing: Lets say I have three lots.
I want to control when will the trailing stop be activated according to break even and/or predefined pips and/or MA trailing (when price crosses an MA).
Most important is that the EA Stop loss and Stop trailing will be be activated in reference to when targets are reached for the other lots. I will explain:
For Example:
In a long position:
The third lot stop level will be moved to where Target 2 was (with the ability to define how many pips below or above this level I want it to be) or where Target 1 was (with the ability to define how many pips below or above this level I want it to be.
Or With Break Even or MA trailing or predefined number of pips.
Same applies on the second lot stop level. The stop level will be moved to where target 1 was or left at the same level it was without a change.
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One last thing, I want the EA to act as an indicator. I.e I want it to apply it on the chart and to be able move the short lines and the display to show hypothetically my position size, lots, etc (same as the EA display) but without the need to activate it. So it would behave as a normal indicator.
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The most important thing for me is the display and visuality on the chart. and to customize every thing by dragging the short lines and get instant reading
If anything is not clear, please ask me,
Thanks in advance,
Kind Regards,
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