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Hello all,
I am looking a developer to develop an MT4 indicator/dashboard to do the following.
1) Determine current trend of the financial instrument
2) If UP Trend,, and if CMP goes above X, place buy market order with N lots (quantity of futures contract or stocks), set "Take profit 1" at Y and when price crosses Y, close position for N-1 lots and when price crosses Z close the remaining positions and set Stop loss at L
3) If Down Trend,, and if CMP crosses A, place sell market order with N lots, set "Take profit 1" at B and when price crosses B, close position for N-1 lots and when price crosses C close the remaining positions and set Stop loss at D
4) Before enabling the script of an instrument, there should be a way to modify quantity and no of quantity to exit at TP1 and TP2
5) Turn on and off multiple entries for the session. If this is turned off, it will only enter long and short positions once each during the session.
As of now the values for X, Y, Z, L, A, B, C,D have to be manually entered into TV at the start of the day and when price crosses either X or A, the script should confirm up or down trend and enter long position or short position with entry, exit and SL as per the defined values above and other conditions as mentioned above.
4. Most importantly, until the end of the session, it should continue entering positions as long as the above conditions are satisfied (Trend and Price cross X or A).
5. Once the indicator/template is applied to the MT4 chart, it should display a dashboard to enter the above values and as soon as the order is executed, it should mark the price for entry, TP and SL in the chart.
6, alerts should be triggered when a position is entered and TP or SL triggered and it should be configurable to make it each of the alerts true or false.
This is for Intra day trading in a market which is open only for 6 hours so the trend TF would be the lower ones like 5 and 15 mins.
Hope the requirement is clear. Please let me know if you have any questions.
PS: I do not use any indicators hence there is no mention of Super trend, Trend determination using HA candles, Different period EMA etc. Its completely up to the developer to use one which is the best for lower TF as mentioned above.