Top notch programmer needed for a grid martingale type with an extra dd control method not seen before

MQL4 Experts

Trabalho concluído

Tempo de execução 4 dias
Comentário do cliente
probably the best programmer ive seen on here. the job allowed 20 days length but he completed the job in 3. no issues, errors, nothing at all. everything working perfectly first try
Comentário do desenvolvedor
Unique and innovative approach clearly communicated. Looking forward to working with you on other projects

Termos de Referência

I have an early version of it already, this will be the second attempt including a few alterations ive discovered might help improve it.

this may be a bit on the complicated side so needs someone with a lot of experience and able/ willing to do it as an ongoing project if it turns out that way, not just a quick code and deliver job. 

discuss the price and time if you think you can do it.

OK HERE IS THE SPEC FOR THIS ONE..............


Grid martin EA with drawdown protection v2. 


 


Starting trade lot for grid, 0.01 (adjustable).


grid distance (20 pips adjustable)


Next grid trade multiplier, linear or multiple. e.g increase by 0.01, or 0.03 etc, or mulltiply by 1.25 or 1.5 etc.  



Grid close method (some number of pips past break even OR at pullback to grid trade #1).


Break even close profit pips (10, adjustable). 


Number of grid trades to start protection system, 4 (adjustable).


Protection trade lot size, auto calculated.


Protection trade TP percentage (100% adjustable).




Display grid break even level on chart.


Timeframe 15 min but any other should also work. 


Option to display closed profits on chart.


Should be able to use on fx and also WTI oil, and indices.


Should be able to recalculate and adjust if any manual orders are opened or closed.


Should be able to run on multiple charts or same chart on different timeframes without intefering.  


 


 

Basic grid operation.

The first trade is opened based on first candle close above or below a simple moving average.

(is it possible to open more trades at regular intervals if the first trade is in profit and close all when the candles cross and close the MA) or will it make things difficult when the protection system starts? 

 If the price moves in opposite direction and into drawdown then this trade becomes the first in a series of grid/ martingale counter trend trades at regular intervals** with lot sizes changing (depending on multiplier settings). With combined break even level displayed on the chart.  


**don’t place more than one trade on each candle if the candle is longer than the next trade distance. In this case, wait for the next candle to start before opening the next trade in the grid (some call this dynamic distance).

There are two ways to close the grid.

1, use the classic method of closing all at a set distance of around 10 pips on the overal profit side of the break even line.

2, close all when the price pulls back to the same level as the first trade in the grid.


Buys and sells operate at the same time and separate to each other.


That completes the main function of the system, its the standard grid/martingale type but with a few extra options included.



Now the main difference to this system is the protection method that starts if the grid reaches a certain size. If a set number of counter trend trades are opened, then a single “protection trade” is also opened that is in the opposite direction to the grid. (Eg, if 4 buy trades are open with lot sizes of 0.01, .02, .03, .05. A single protection sell trade is opened with a lot size of 0.05 (or equal to the lot size of the last grid trade to open). 

 

Now two things can happen. 


1, The price continues to move downwards and the protection trade is growing in profit.

when the protection trade profit becomes equal to the loss amount of grid trade #1 both are closed. 

but if the protection profit percentage is set to say 120% then the protection trade is closed when its value is 1.2x the loss of grid trade #1.


2, price reverses before the protection trade is closed. if price pulls back to the next lowest grid position the protection trade and the last grid trade are both closed.

e.g when grid trade #4 is opened, the protection trade is also opened at the same time at the same price level. 

if price then pulls back to grid trade #3 then both grid trade #4 and protection trade are both closed. as they are equal lot sizes the loss is net zero apart from spreads and commision.


What im hoping to achieve is the protection system not allowing the grid to grow bigger than 4 trades or however many trades are set to open before the protection starts. As the price moves against the grid new grid trades are opened but also the lowest end of the grid is being closed each time a new one is opened. 

the drawdown can still increase but at a much slower rate than if the whole grid was kept open.


  


 


 

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Informações sobre o projeto

Orçamento
30 - 150 USD
Desenvolvedor
27 - 135 USD
Prazo
para 20 dias