Hi There I am looking for somebody to build me a simple martingale / Cost Averaging EA with the following features.... All martingale Calculation settings -
1) Normal martingale system giving the trader the option of setting initial trade size - following trades increased pip step - etc To be used as a cost averaging ea if the following trades pip step set as zero
2) Should have a trailing stop to lock in profits on winning trades
3) Hedge feature at a predefined percentage dd level....So the ea should be able to calculate the total number of lots opened by the marti system at this predefined % dd level ( 20 % dd for example ) and open one trade in the opposite direction to lock in losses
4) This hedge feature should be dynamic - meaning have options of hedging all in one trade or multiple trades - hedging all at one level or splitting at different levels
5) Should have equity protector - close all trades and remove ea from chart once this predefined dd level is reached
6) Should display the breakeven point - and current floating drawdown on screen
7) Should have an anti martingale option also included - meaning after the first set of martingale or cost averaging trades, an anti martingale option should be available. Example first 200 or 500 pips system will open trades as per martingale - thereafter ani martingale grid with its own paremetres kicks in
8) Should have a licensing system allowing me to resell the EA or share with others
10) News filter
11) Start and end time
12 ) Additional features will be discussed as we go along Let me know what you can offer and how we can work together Am open to discussion regarding the features - final delivery etc
i HAVE THE ABOVE IN A MT5 EA AND HAVE THE SOURCE CODE. YOU CAN USE THAT TO BUILD THE MT4 OR YOU CAN BUILD FROM SCRATCH
ADDITIONAL FEATURES I WOULD LIKE ON THE MT4
1) On chart show total number of lots open
2) You can advise if it would be better to have buy and sell leg all on one chart or run them seperatly
3) TP increase on each trade is currently only on multiplier mode - I would like to have a pip step increase added
4) Currently the EA randomly opens trades - doesnt use any indicators at all. You can advise if it would be good to insert a trend indicator which if switched on will only start by placing first trade in direction of the trend. Benefit of this is that we wont have buy and sell all the time open....there will be more trades in the direction of the trend. You can advise what other option are worthy considering here. Maybe opening new range at certain candal or price lag etc
My problem is this - sometimes I have many buys open for example due to price falling....price then rises and all those buys close but now many sells are open...or alternatively price rises and then sharply falls again all previous buy closed but immediatly new buys opened so as price fell we back to square one with large open trades \ drawdown. Any ideas how we can work around this?
5) Want to have feature of having certain number of trades opened at X size and remainder trades there after opening at X size. example many sells open so I set the first three trades for example on the buy leg to open a larger sizes and the remainder to all continue opening at smaller sizes.
Maybe have an anti martingale feature where we progressively downsize the trades ? possible to add this. You can give this more thought and share ideas that come to mind.
An idea is that if the two charts can read each other then we have a feature that when chart A has X number of open trades then chart B should open fisrt three trades on newfeature at X size and future trades theerafter at norma size.
Or when chart A reaches X % DD on open trades then chart B should open fisrt three trades on new sequence at X size and future trades thereafter at normal size.
Benefit of this is when there is a trend in the opposite direction the trades in the positive direction are opening significantly higher and profiting more - but at same time when the trend direction changes those trades should cost average at a slower pace therefater
5) Option of having both legs openly immediately at the same time and also not having both legs openly immediately at the same time. So this can be done in two ways....If we have the legs on seperate charts we then have option of inserting price level we want the forst trade to be places. sequence only starts at this point
or if we have the two legs on one chart we set the pip distance or % distance away that opposite sequence should begin.
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