Modification to existing EA to add position modification functions

Trabajo finalizado

Plazo de ejecución 7 días

Tarea técnica

The goal of this modification to this EA is to ultimately reduce the size of the losses while increasing the size of the wins. The stop loss is currently set as a function of the ATR, and all position modifications will also be based on the value of the ATR at the moment the initial order is placed. All modifications will go based off this initial ATR value and it will be fixed for the life of the trade. This modification will involve a good amount of position modification during a trade. 

-        When an order is placed the stop loss is automatically calculated and placed at the value of the ATR * 3

-        For losses, once the price has reached 20% of the ATR *3, or is 20% into the loss zone, I want it to take out 20% of the position size.

o    For Example, if the ATR is 10 then when the order is placed the stop loss will automatically be set at 30 pips below the entry price. Say that the initial lot size is 1.0. If after the order is placed it is not winning but is instead loosing, once it reaches a level of 6 pips (20%) below the entry price, I would like it to reduce the position size by 20% as well, so the lot size would now be 0.8. Similarly, once it reaches a level of 12 pips (40%) below the entry price, I would like it to again reduce the size of the position by 20% of the original position size, so now the lot size would be 0.6. I would like this to continue so that if I am stopped out on the trade, by the time it reaches the stop loss it will only be 20% of the original lot size. 

-        If the trade is initially making a loss and the position size is reduced, but then changes direction and reaches the open price of the trade, at break even I want it to add back in everything that it took out so that once it reached the initial entry price the position size is the original size it was when the order was first placed. 

-        I don’t want it to add back in every time a 20% level is reached going up towards the breakeven, that will complicate it, only add back in to make the original lot size one the current price is equal to the entry price. 

o    For Example, if the trade reaches a point where it is 40% of the way to the Stop Loss and has taken out 40% of the position size so the lot size is 0.6 and then returns to the initial entry price of the trade, only once it reaches that initial entry price will the full value of the initial lot size be restored. So once the price reaches the entry price it will then again have a lot size of 1.0. I don’t want it to average down into a loosing trade. 

-        When the trade is in profit I also want it to add into the lot size to increase it as the trade is winning. I want it to add in 20% of the initial lot size up to a maximum of three times. I want the EA to increase the lot size by 20% once a value of the initial ATR*3 is reached, and then another 20% once the value of the ATR*6 is reached, and a final 20% once the value of the ATR*9 is reached.       

o    For Example, when the order is initially placed the ATR is 10 and the lot size is calculated to be 1.0, once the position is 30 pips into the profit zone (ATR*3), then 20% will be added to the lot size, so the new lot size will be 1.2. Then if it keeps going up and reaches 60 pips above the initial entry level (ATR*6) it will again increase the lot size by 20% of the initial lot size, making the lot size now 1.4. Finally, if the trade reaches a point where it is 90 pips above the initial entry price (ATR*9), it would add another 20% of the initial lot size to the current lot size for a final lot side of 1.6. I only want it to add in a maximum of 3 times, not unlimited. 

-        The levels at which the EA will take out or add in money should be automatically set when the trade is first entered based on the ATR and then not change for the life of the trade. For example, if the ATR is 10 when the trade is entered, it should decrease the lot size by 20% at 6 (1/5 of the distance to the stop loss), 12 (2/5 of the distance to the stop loss), 18 (3/5 of the distance to the stop loss),  and 24 (4/5 of the distance to the stop loss), pips into the loss zone and finally be stopped out at 30 pips below the entry price. Also, the EA should increase the lot size by 20% every time it is 30, 60, and 90 pips into the profit, a maximum of 3 times. 

o    If the ATR is 15 when the trade is entered, it should decrease the lot size by 20% at 9, 18, 27, and 36 pips into the loss zone and be stopped out at 45 below the entry price. Also, it should increase the position size by 20% when the levels of the ATR*3 (45), ATR*6, (90), and ATR*9 (135) are reached. 

-        The 20% values should be calculated from the initial lot size when the trade is first entered and not change. If the initial lot size is 1.0 then the 20% will be 0.2 and not change for the life of the trade. If the initial lot size is 5.0 the 20% will be 1.0 and not change for the life of the trade. 

-        Also, in the original version of this EA there is a break even function so that once it reaches a certain level of pips into the profit zone it can no longer lose money. For this, whenever the position size is increased the entry price will also move up a small amount because it is averaging the old entry price with the new one. Please make it so that every time the position is increased the break even line is moved up to 0 with the averaged entry price. 

Han respondido

1
Desarrollador 1
Evaluación
(390)
Proyectos
416
30%
Arbitraje
74
19% / 72%
Caducado
52
13%
Trabaja
2
Desarrollador 2
Evaluación
(332)
Proyectos
485
40%
Arbitraje
82
11% / 63%
Caducado
77
16%
Libre
Ha publicado: 1 ejemplo
3
Desarrollador 3
Evaluación
(115)
Proyectos
129
18%
Arbitraje
11
27% / 55%
Caducado
4
3%
Libre
4
Desarrollador 4
Evaluación
(21)
Proyectos
23
52%
Arbitraje
0
Caducado
2
9%
Libre
5
Desarrollador 5
Evaluación
(16)
Proyectos
17
29%
Arbitraje
1
0% / 100%
Caducado
2
12%
Libre
6
Desarrollador 6
Evaluación
(171)
Proyectos
195
42%
Arbitraje
13
8% / 54%
Caducado
9
5%
Libre
Ha publicado: 3 ejemplos
7
Desarrollador 7
Evaluación
Proyectos
0
0%
Arbitraje
0
Caducado
0
Libre
8
Desarrollador 8
Evaluación
(298)
Proyectos
478
40%
Arbitraje
105
40% / 24%
Caducado
82
17%
Trabajando
Ha publicado: 2 ejemplos
Solicitudes similares
Hello, I need an MQL5 Expert Advisor for MetaTrader 5. STRATEGY: Pair: XAUUSD / EURUSD Timeframe: M5 and M15 (selectable) 1. Wait for a strong rejection wick at Support / Resistance or Supply / Demand zone. 2. Wait for a Fair Value Gap (FVG) in the same direction. 3. Enter on FVG retest with confirmation candle close. 4. Only 1 trade at a time, no martingale, no grid. RISK MANAGEMENT: - Lot: Fixed lot or % Risk
We’re building our team for an upcoming crypto project and are looking for skilled professionals to help us move development forward. We’re especially interested in developers experienced with React.js and Node.js, with Web3 knowledge being a strong advantage. We plan to launch the MVP by the mid of Dec and complete the project by Christmas. Our budget is $20–$30 per hour, depending on experience and skill level
Metafix 50 - 200 USD
Here is a professional specification you can send directly to your developer. # Project Requirements Specification: MetaTrader 5 Trading Robot Development ### 1. Project Overview I want to develop an automated Forex trading robot (Expert Advisor) for MetaTrader 5 (MT5). The robot should analyse the financial markets, identify trading opportunities, and execute trades automatically based on predefined strategies. ###
1. Platform: MT4 The EA required is not linked, neither depending on trading strategy nor trading signals nor indicators. 2. Initial order is a pending order (buy stop/ sell stop) and it is created manually. It is open for a specified symbol (pair) at a specified price with a specified S/L 3. Example: buy stop 0.1 lot GBPUSD @ 1.3085 WITH S/L @1.3075 Once target price is reached, pending order will
Overview: Build an MT5 Expert Advisor that receives webhook alerts from TradingView (RayAlgo indicator) across three timeframes ( H1, M5, M1 ) for XAUUSD and executes a dual-position strategy when all three conditions align, including strict FTMO server-request limits and automated pre-market-close trade closures. 1. Webhook Receiver & Multi-Timeframe State Logic: H1 Bias State: Updates to BULLISH or BEARISH upon
I am looking for an experienced trading software developer interested in building a long-term working relationship. Im a professional Trader, Coach and Mentor, I work with traders and Student who require customized trading solutions, including automated trading bots, Expert Advisors, custom indicators, trading strategies and other algorithmic trading tools. I am looking for a technically skilled developer who can
Salman serhal 30 - 100 USD
MT5 ICT XAUUSD Sell-Only Trading Robot with Fibonacci Confirmation I am looking for an experienced MQL5 developer to create a custom Expert Advisor (EA) for MetaTrader 5, specifically for trading Gold (XAUUSD). 1. Trading Strategy The robot must use the ICT trading methodology and focus on SELL trades only. The strategy should include: * Identify important resistance and premium zones. * Use Fibonacci retracement
Objective: I am looking for an experienced MQL5 quantitative developer to code an Expert Advisor (EA) from scratch based on a fully defined, rule-based strategy, and then rigorously validate, optimize, and stress-test it before I deploy it on a live VPS environment. Note: The exact mathematical rules, indicator names, and chart screenshots will be shared privately with shortlisted candidates. Strategy Overview
Hi Team We are looking to commission an Expert Advisor (EA) for MetaTrader 5 (MT5) to trade XAUUSD (Gold) . The EA requires tight risk management with a strict $2.00 Stop Loss and a $3.00 to $5.00 Take Profit target. The goal is to achieve a 60%+ Win Rate . Please propose or implement a strategy algorithm capable of meeting the following performance requirements on XAUUSD tick data: Target Performance: $\ge 60\%$ Win
O Trading Ventures 30 - 2000 USD
a trading bot that can open and close trade by its self a stop loss of 1.2 lot size and good tp it should be able to learn trends and learn from its mistakes

Información sobre el proyecto

Presupuesto
30 - 80 USD
Plazo límite de ejecución
a 3 día(s)