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Hi i need someone to program an EA, A channel lines breakout auto placing multiple pending orders and multiple targets on both sides of channel.
1) have an icon on chart when double click, eg. (Draw Channels) it draws two lines starting at the last x number of bars high and low. Then channel lines and stop lines can be move up or down on chart by trader.
2) there should be one more icon after double click on (Draw Channels) eg. (Place Orders) to execute orders.
3) once channel is set at a level by trader, ea open multiple pending buy and sell orders at x number of pips above and below channel lines (eg. places 3 buys and 3 sells pending orders at 10 pips above and below channel lines)
4) lots size is to be determined by risk percent in money management or fixed lots. (if 2% risk is selected then its 2% for all buy orders and 2% for sell orders)
5) stop loss - for buy pending orders stop loss is 5 pips above sell pending orders. for sell pending orders stoop loss is 5 pip below low pending buy trade. or it can be adjust by trader. (this way there is no hedging and no open cancel other order OCO)
Parameters/settings
risk of account in percent
fix lots
number of trades in one direction
max slippage
target 1 = will be x times the stop
target 2 = will be x times the stop
target 3 = will be x times the stop
target 4 = will be x times the stop
target 5 = will be x times the stop
number previous of bars for channel line (line length to be drawn on chart)
i would like a MQL file of this ea, there maybe future add on.
Thank You.