Simple EA to open buy&sell order at trendline

MQL4 Asesores Expertos

Trabajo finalizado

Plazo de ejecución 4 días
Comentario del Cliente
Andrey is efficient and professional. EA delivered really fast and to specification. Its been such a smooth process that i immediately commission him to proceed to Phase 2 of this project.
Comentario del Ejecutor
Thanks for the interesting project! Looking forward to the next one!

Tarea técnica

I tried to be as detailed as possible, so you can better gauge the time required to craft this for me, and quote a fee that is fair to both parties.

 

EA should work in MT4 only trading D and H4 currency pairs. With the possibility of H1 and M30.

Must function in VPS as well.


EA Bullish Trade Execution:

  • A buy order is placed when the current price touches a trendline. Current price can be above or below multiple trendlines.
  • Once buy order filled, a sell order is immediately placed “x”pips below entry. “x” inputted prior to trade.
  • This buy position will be the only buy position for the duration of the trade, regardless of:
    1. number of times price hits this trendline
    2. other trendlines price crosses
    3. moving trendline after price filled
  • Trade will be in a hedge when price move against me and sell order is also filled.
  • EA will only unhedge (close triggered sell position, take the loss and replace with new sell order) when price returns to buy price.
  • EA allows unhedging once at per trading day by default (more on this later).
  • TP and closing of position will be done manually by me.

 

EA Bullish Trade Execution:

Same principle but in the opposite direction.

 

Reducing trade frequency/ hedging/unhedging

  • Only 1 active trade (1 buy order and 1 sell order) per chart regardless of how many times price hits trendline…or how many trendlines price cross.
  • However, there can be 2 separate charts of the same currency pair.
  • Obviously EA MUST be allowed to hedge at ALL times to protect account. 
  • EA limits unhedge action to once per trading day during chosen session or sessions:

  1. Asian/London/US
  2. London + US as default active session.
  3. alternatively, I could input a specific time window.

  • EA unhedge limit per day can be increased. Simply input accordingly.


Risk management + position sizing

  • Adjustable input > pips distance between buy and sell orders.
  • Auto sizing input base on fixed cash amount or equity percentage.

 

Switching from bullish to bearish

  • While the trade is in a hedge and I change my view from bullish to bearish, EA will then  unhedge for a sell. So instead of replacing the sell orders, it would hold the sell price and replace the buy orders.
  • Note that this options is only possible either 1) during a hedge or 2) before a position is taken

    

Info panel input status:

  • EA  active/inactive:
  • bullish/bearish bias:
  • hedge pips:
  • position size:
  • open position session(s) which are active:
  • unhedge session(s) which are active:
  • total times hedged:

Experienced developers please. I will need the source code for this and may also require a testing period of 10-20 days to be sure it fulfils my specification.

Archivos adjuntos:

JPG
trendline.JPG
159.9 Kb

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Información sobre el proyecto

Presupuesto
30+ USD
Para el ejecutor
27 USD
Plazo límite de ejecución
de 1 a 10 día(s)