Tarea técnica
I need develop a MT5 EA that trade Breakouts based on Time Range and the EA should also share the trades on a Telegram Channel.
For example.
Time Range: 9h55 to 10h55
Price Range: Top = $ 1,50 | Bottom = $ 1,00
At 10:56:01 (as soon the time range end) the EA will place to stop orders. A Buy Stop at 1,51 and a Sell Stop at 0,99.
The EA orders must be OCO (one cancel the other) and all orders and postions must be close at the end of day.
I have a similar EA today (MT4) were I have the follow settings:
- Risk Management - I can define the size of my positions based on Lot Size etc. What I use is my position size is based on 1.5% of stop loss. So if the Price Range is Big my position is smaller. If breakout is smaller position is bigger (i.e range of 100 points position 0.01. Range of 50 points Range of 0.02 because at the end the money on risk still 1.5%)
- Trailing Stop (If in case)
- TP coeficient = My Risk:Reward. My take profit is a ratio of my stoploss (range). So TP of 2 (i.e) means my TP will be 2 time size of my Stop (in points)
- Rules...Disonsider! is for my other strategy!
- Hour Close: very important. We have an hour to close all orders and positions before the end of day (this is a daytrade EA)
- Filter news: Disconsider!
- Start Distance and Distance from price: Disconsider!
- Hour/Minute Start and Close: Is time when the EA should be on.
This EA also need to post at a Telegram Group always when a Position is taken. So at the same time the position is taken EA post on Telegram Channel that the "We are Buying// Selling //Asset) // 80.555 (price) // SL 80.400 // TP // 80.855"
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