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I was wondering if someone will be able to do what I have described and if the price range is for the job is fair?
Thanks
Hally2710
Brendan EA (for backtesting manual strategy)
This is simply based on if the daily candle closes (at 00:05 server time of my mt4 broker) higher/lower then a buy/sell order is triggered and then using a 4 hour chart it sets your TP/SL based on what is stated below.
Adjustable settings
-use on any pair
-ability to be able
to adjust lot sizes
-ability to be able to offset, the TP/SL by the the average spread of pair being
traded. ie eg 1 pip below low/high of 4 hour candle.
When
BUY trade(s) should be opened?
-When a daily candle (new York server time currently 7am Australian EAST time)
closes HIGHER then what it opened.
Do this for Friday’s daily candle as soon as market opens (Monday morning open
Australia time), Monday daily candle (Tuesday mornings Australia time), Tuesday
daily candle (Wednesday morning Australia time), Thursdays daily close (Friday
morning Australia time)
S/L to be placed TWO 4hour candle low
away which MUST BE LOWER THEN THE LOW OF THE 20:00 CANDLE. Also must be at
least 10pips difference between the two candles. If there isn’t 10pips go to the
next 4 hour candle low.
-T/P to be the same distance as the S/L above the executed price.
-can these orders be place after 00.05 server time after mt4 platform allows orders to be placed each day (for optimization reasons that my broker does)
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When SELL trade(s) should be opened?
-When a daily candle (new York server time currently 7am Australian time) closes LOWER then what it opened.
-EVERYTHING ELSE IS THE SAME, JUST OPPOSITE DIRECTION AS BUY ORDER
---------------------------------------------------------
When BUY trade(s) should be closed?
-If T/P or S/L isn't hit but the new daily candle closes in the opposite direction as the previous one then the order should be closed at 00.05 server time. If another daily candle closes bullish then existing order will remain open and a new order to be placed in the new direction of daily close.
---------------------------------------------------------
When SELL trade(s) should be closed?
-If T/P or S/L isn't hit but the new daily candle closes in the opposite direction as the previous one then the order should be closed out at 00.05 server time. If another daily candle closes bearish then existing order will remain open and a new order to be placed in the new direction of daily close.