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SORRY FOR THE WALL OF TEXT - It should be simple (I hope) but just want to explain it clearly!
Please Note: This is for Metatrader4 !
Hello, I am offering a bit more then seems normal for someone with experience who can speak English please. I have also given up to 20 days for it to be completed, but if you need more time please just let me know. I have also highlighted some important parts in red
I require a EA which can do the following:
1) Every time there is a new candle stick it analyses the two previous (now closed) candle sticks on the chart that the EA is loaded on (needs to analysis at whatever time period I have set the chart too, for example 5 mins or 30 mins etc)
2) If both of the previous candle sticks have risen (or fallen for a sell order) BASED ON THEIR OPENING AND CLOSING POSITIONS (NOT THEIR MAX REACHED PRICES - IMPORTANT) by a MINIMUM (can be more, but not less) of X pips per candlestick (where X is a value I can set)
3) Then it places a pending order (buy if it has risen or sell if it has dropped - so following the direction of the past two candle sticks) at the highest (if a buy order) or lowest (if a sell order) that the candle stick previous to the current one reached (the "wic" or "tip" of the candle stick) plus X pips (X being a value I can set) in the same direction (for example if X=2, then it places the pending order two pips above (if buy) or two pips below (if selling) the max or min priced reached)
4) The pending order needs to be set to close if it has not been opened by the time the next candle stick opens (so in 15 min if on 15 min chart or 30 min if on 30 min chart ETC)
5) Once any orders are opened and become profitable, a trailing stop order is placed at X% (where X is a value I can set, or can be in pips if that is easier for you)
I have also included an image which might help explain what I require if it is a bit confusing
Other variables the bot need to have (values I can set before bot starts)
- The amount at which a stop loss will be placed (in pips preferably)
- The amount at which a stop profit will be placed (can be omitted if it interferes with the trailing stop order)
Thanks for having a look, please let me know if you have any questions!
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