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Dear friends,
I am looking for a help in creating a new MT4 EA based on Pivot Points.
It should work as follow:
It calculate the daily pivot points every day as S3, S2, S1, Pivot point, R1, R2, R3
I should be able to adjust the pivot points by any number of points "+ or -", Example: if Pivot points for EUR are as follow, 1.24, 1.2440, 1.2520, 1.2570, 1.2610, 1.2645, 1.2690 I can change the parameters to add some points to the support and the resistance levels. and I used +20 point, the support and the resistance should be 1.2380, 1.2420, 1.2500, 1.2570 "no change for the mid pivot point ' 1.2630, 1.2665, 1.2710. and To adjust my points number to work for 5 dig brokers.
If the opening price is above P point and lower than R1, it place no order, if it is between R1 an R2, it place an order to buy at the adjusted R1, between R2 and R3, it order to buy at R2, if it is above R3, it order to buy at R3
If opening price is below P and above S1, it place no order, if between S1 and S2 it sell at S1, if it is between S2 and S3, it place order to sell at S2, If it is below S3, It order sell at S3
I need to be able to decide the SL and the TP in points from the order open rate in the EA parameters.
Have the following feature.
- Custom Lot size
- Allow to trade on different pairs charts
- Auto detect 4/5 digits and support different kind of brokers.
- Trade Week Day Filter, only trade on specific days or not. e. if it is allowed to trade Mon, or Fri or not
- Trade Time Filter, trade on a specific time
period
- Normal TakeProfit/StopLoss with ECNBroker support or fixed broker support and a Stealth Mode feature to hide TP/SL from the broker.
- Trail Stop feature in points for SL and TP with Stealth Mode to move the SL or the TP for the opened trades.
- Error Recovery to protect from errors like context busy, price re-quotes.
- To decide about the slippage max allowed number of points.
- I can decide about the time trades/orders stay opened. And to be able to cancel the not opened orders or close the open trades at end of trading time set before placing the new following day orders
If you require further details please let me know
Regards,
Shadi