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require a range breakout EA for MT4. Once the EA is attached to the chart it will
monitor a break of a timed range. It will set pending orders above and below
the range. Once a trade is triggered then the other pending order will be
cancelled. Please kindly see attachment. If you have already developed a range breakout or candle breakout EA then this would be ideal. Will consider all highly skilled candidates regardless of breakout experience.
The
EA will allow multiple trades to be triggered on the same chart, for example London
range breakout, New York breakout. To be repeated the following day. Can
discuss whether it is better to have multiple instances of EA with different
magic numbers on same chart or build in 2 or 3 extra time range parameters
within EA. Also there is a possibility of profitable trades overlapping into the
next day. The parameters are as follows;
BREAKOUT
Parameters
Trading settings:
- Start time to track HIGH/LOW - time when the EA start
monitoring and tracking highs and lows;
- End time to track HIGH/LOW - time when the EA stop
monitoring and tracking highs and lows;
- Distance from HIGH/LOW – distance in pips from actual
levels of highs or lows before pending orders are executed to avoid bad
breakouts;
- Delete pending orders after X minutes if not engaged –
delete the orders in market if price level did not reach any of the pending
orders;
- Maximum range size - in pips. If range is too large
then no trades placed
- Minimum range size – in pips. If range is too small
then no trades placed
- OCO One cancels other – if one order is executed then the other
is cancelled;
- Take Profit – in pips;
- Stop Loss – in pips;
- Use the range size as Stop Loss instead – true/false
Trade size:
- Fixed lots – lots from 0.01;
Trading day settings condition:
- Trade on Sundays;
- Trade on Mondays;
- Trade on Tuesdays;
- Trade on Wednesdays;
- Trade on Thursdays;
- Trade on Fridays;
- Trade on Saturdays.
Trailing Stop settings:
- Enable Trailing Stop – true or false;
- Trailing Stop Start Level – in pips;
- Trailing Stop Distance – in pips.
Break Even Settings:
- Enable Break Even – true or false;
- Break Even Level – in pips;
Partial Close:
·
Enable Partial Close – true false;
·
Target Level – in pips
·
Part Close Trade – in %
General Settings:
- Max Slippage. Don’t place orders if already moved this
far from pending order – in pips;
- Spread limit. If spread goes past this (in pips) then don’t
place trade/cancel pending – in pips;
- Magic Number – unique number attached to EA.
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