Very simple EA based on candle break of rectangle.

MQL4 Experts

Job finished

Execution time 1 day
Feedback from customer
Job done exactly as describer, very good programmer and now a friend, will definitely look for him for future jobs.
Feedback from employee
A great client and a friendly person too, and i hope to work together soon. Clear requirements, effective communication. Thank you, my friend.

Specification

Hi, I am requesting a very simple EA to open trades when the candle break and close above or below the rectangle, place a sell order when the candle close below the rectangle, place buy order when candle close above rectangle. 

I am going to be drawing the rectangles on the chart which are my supply and demand zones for the week, I want the EA to open trade as soon as the candle breaks out of any zones that are on chart as the examples below. the rectangles are going to be moved by me in case needed so the EA just needs to trade according to the rectangles that I draw. 

Lot Size is going to be based on the SL and account percentage, please visit https://www.babypips.com/tools/position-size-calculator as reference for lot sice calculation for trades. 


Her is another Example



Trades should be open only at the close of the candle, the Stop Loss is placed at the opposite side of the rectangle plus spread, Take profit 1 is the same as the stop loss, if stop loss is 12 then Take profit one should be 12, TP 2 is the double, in this case 24. when reach TP 1 move stop loss to break even and close trades when tp 2 is reached. 


Lot Size will be determined by the SL and risk , for example, we have an account with 200 and I set the risk at 0.5% , if the stop loss is 35, then the lot size would be 0.28. please visit  https://www.babypips.com/tools/position-size-calculator  for reference on how to calculate SL. 

In the inputs I should be able to select the risk %, 


Please feel free to reach me in case you have questions. 



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Project information

Budget
35+ USD
For the developer
31.5 USD
Deadline
from 1 to 3 day(s)