THE BOMB

MQL4 Experts

Job finished

Execution time 2 hours

Specification

I need an EA for a very wonderfully profitable trading system. There are four indicators involved and I'll code them W, X, Y, and Z. The coder I decide on will have all the indicators and picture. Please I sincerely can't afford more than $30 for this job right now, but I promise it's worth countless thousands to the coder in trading profit. So no further negotiations. I've made all the technical specifications clear. Thanks.


Trade direction is determined by the X indicator. Only buy when the 1Hr column  is blue as in the picture, and only sell when it's red ( the time frame settings for the columns are adjustable depending on user's choice). Retracement is determined when the W changes from blue to red, for example, while the X column remains blue and (or when the 5min column changes to red, for example, while the 1Hr column remains blue). Allow for retracement before entry, except for the first entry after the 1Hr column changes colour.
RULES FOR BUY.
When the X indicator is blue, and price breaks the W by 3pips +spread, enter a buy order.
Position Management- I will use the attached picture to explain position management rules. The rule for entry was fulfilled at the point labelled A.
The stop loss is first placed 3pips below the latest Z (labelled B) representing the latest low before the entry ( if the red W is not yet formed by then).
The moment the red W line is formed, the stop loss is moved to within a distance of 3pips to it. The stop loss continues to trail it until the take profit level is reached: in this case at E.
The number of pips for take profit is determined by the figure indicated by the Y indicator labelled D (25pips in this case). Please note that the blue figure at the top is what we use for buy and the red below for sell. I used the red for explanation because the blue is not apparent on this picture. Moreover, the figure is dynamic so the take profit has to keep changing with the figure until the profit matches the figure. And if the figure drops to a number of pips the position has already attained the profit is taken automatically.
Once the take profit level is attained 50% of the position is closed, while the remaining 50% is left open until the stop loss trailing the W closes it as illustrated by the picture at F. But if the stop loss is hit before the profit is taken, 100% is closed. THAT'S IT!                                                                                                                                                                                                                                                        
RULES FOR SELL
It should be the exact opposite of the buy entry and position management rules, except that spread is not added to the 3pips buffer before entry.
ADJUSTABLE PARAMETERS
Please make the following parameters adjustable in the Expert Advisor settings:
All indicators settings.
Entry and exit buffers.
Trading time.
Lot size.
Number of pips achieved by position before no loss is allowed.
Number of pips to be locked in once a certain number of pips is moved.
If possible let there be no magic number and any of the optimization settings.        
NOTE- If a position is closed at breakeven or loss, there should be a re-entry at the same initial entry price except the trend has changed or a new W level has been formed.                                                  

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Project information

Budget
10 - 30 USD
For the developer
9 - 27 USD
Deadline
from 3 to 7 day(s)