Hello,
I am looking for an MT4 EA which is able to automatically do the following functions.
User arguments that can be changed in a visible dialog / user interface within MT4 as EA settings:
USER-OPTION 1:
Show String: "AUTO-TRADE?":
type: boolean ("true" and "false")
If "true" the EA will place orders, if "false" it will stand-by and do nothing.
default value: "false".
USER-OPTION 2:
Show String: "How many tries?"
type: integer
default value: 3
USER-OPTION 3:
Show String: "SELL at LEVEL":
type: float or double.
this is the entry point, i.e. 11.500 for German DAX or 1.13200 for EUR/USD.
default value: 0
USER-OPTION 4:
Show String: "BUY at LEVEL":
type: float or double.
this is the entry point, i.e. 11.500 for German DAX or 1.13200 for EUR/USD.
default value: 0
USER-OPTION 5:
Show String: "StopLoss in Points":
type: float
example: 30.0 should be 30 Points for German Dax. Like 11.500 - 30 = 11.470.
USER-OPTION 6:
Show String: "TakeProfit in Points":
type: float
example: 30.0 should be 30 Points for German Dax. Like 11.500 + 30 = 11.530.
DESCRIPTION of the idea behind this EA:
(1) Let me choose a specific entry point
(1.1) example: BUY or SELL order in German DAX with entry at 11.500 and BUY once it hits 11.500.
(1.2) Let me SET the SL, for example 5 points.
If the SL for the BUY ticket has been reached, the EA automatically SET another BUY order again on 11.500 with again 5 points SL.
(1.3) I can SET how many times I want to allow the EA to retry. Example:
Step 1:
User set a BUY order in the EA at 11.500 on German DAX with a StopLoss of 5 Points and a TakeProfit of 30 points.
Step 2:
User configures/SET the EA to retry the entry 3 times. This means:
Try 1: Entry at 11.500, SL at 11.495 and TP at 11.530. The SL gets hit.
Try 2: Again auto-entry at 11.500, SL at 11.495 and TP at 11.530. The SL gets hit once again.
Try 3 with SL hit:
Again auto-entry at 11.500, SL at 11.495 and TP at 11.530. The SL gets hit once again.
Now we have lost 3 times in a row, the EA will SET the option to "AUTO-TRADE" as boolean value from "true" to "false". The user then will have to manually set it to TRUE again in order to restart the steps.
Try with TP hit:
If the EA reaches the TakeProfit in Try 1,2 or 3 it will automatically set the "AUTO-TRADE" Option to "false". Again the Trader/User have to manually set it to "true" again in order to make the EA trade again.