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Hello,
I need a simple EA based on a custom indicator.
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I will send the indicator to the selected developer later on.
I will basically run the EA on the M5 chart.
Specifications:
When a signal appears the EA should instantly create a buy/sell order.
Besides that it will create 4 additional limit orders, for buy -> below current price
for sell -> above current price.
These orders should have a distance measured by a 300 period ATR multiplied by X in points.
TP and Sell should be optional and adjustable.
TP Trailing: (Important)
When the intial order is executed the TP will be set according to the points defined in the inputs tab.
When the second order is executed the TP of order 2 will be placed at the exact same location as TP1.
When the third order is executed all TPs go to the entry point of the initial order.
For the last 2 orders the TPs will be placed also at the entry of the initial order. That means the TP value you define is only for the first
initial order and the first pending.
Settings would be a as following:
-Lotsize (for position)
-ATR period
-ATR multiply value
-TP in points value
-SL true/false
-SL in points value
That is basically it. Thanks in advance. :)