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very good developer!
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Easy to work with!
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I created EA that enters the trade based on combination of basic indicators. Rules for entering trades are already coded. I need to make few improvements in money management part.
Rules for money management, that needs to be coded:
1. set StopLoss as 1.5*ATR (period 14) - have to work for 5 and 3 digits symbols
2. set first TakeProfit as RRR*SL (RiskRewardRatio is input value from user, if SL = 100 pips, RRR = 2, then TP should be 200 pips)
3. set lot size as risk % from balance or as fixed value (user choose which one to use, there need to be input for fixed value and for %)
There will be 2 ways of managing opened trades (there have to be only one opened trade at a time):
1. MANAGING WITH OPPOSITE SIGNAL: close opened trade when opposite signal appears
2. MANAGING WITH TRAILING STOP AND PARTIAL CLOSE: when first TP is hit close 50% of position (for 0.01 lots close whole position, for odd numbers close rounded up lots, i.e. for 0.03 close 0.02, for 0.09 close 0.05 etc.)
after closing 50% move StopLoss to BreakEven (including spread). So rest of the position will be closed by trailing stop or by opposing signal.
move StopLoss by x pips, when price move in order direction from first TakeProfit by x pips (x is defined as user input)
Example for trailing stop: SELL order opened, first TP hit, 50% of order is closed and SL is moved down to BreakEven. Price move down from first TP by 20 pips, so SL is moved from BreakEven by 20 pips down
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