Need to code a trend-follow breakout EA based on simple math parameters MT4

MQL4 Experts

Trabalho concluído

Tempo de execução 21 dias

Termos de Referência

I have prepared a detailed document but the summary is as below: MT4 EA

Creates a price band at upper and lower level for the day and if price breaks out from these levels, then take the trade

Three types of entries:

1.      Aggressive mode: Entry if price crosses upper boundary then instant trade execution

 

2.       Regular mode: If any candle body or wick closes above upper boundary, execute buy on candle close price if above (1/5/15/30 min chart etc)

Buffer% parameter: Add a percentage of price as a buffer above the line and if the buffer is crossed then execute the buy

 

3.       Conservative mode: Buy: On 1/5/15min chart, record the high of candle that first crosses the upper line and this candle high level is the “breakout level”

Buy condition: If subsequent 1/5/15min candle crosses and closes above the “breakout level” then trigger buy at candle close

For example: First candle crosses  upper boundary and makes a high of 35000 (breakout level). When next candle crosses and closes above 35000 level, then instant buy on next candle open is executed


And few more generic EA parameters to be included

·       Add SL TP and Trail

·       Make back testable and optimizable

·       Basic dashboard display- entries, P&L

·       Should work correctly with proper decimals for currency pairs, indices, crypto

·       Parameter for intra/positional

·       Number of entries per day/session

·       Each chart should have one expert and work independently of the other charts, auto ID

·       News filter on/off trade during red news

·       Prop firm compliant – able to set max DD per day in %age and not trade further than that

·       Risk per trade setting in %age (1% per trade etc)

·       Spread filter – no trades when spread > set level


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