Create MT4 EA (Whole spec is in description)

MQL4 Experts

Termos de Referência

MT4 EA is to be made for an indicator I purchased; "PZ Day Trading Indicator", for indicator buffers you can find it here:
//---- Read values from the signal buffer
int start()
{
// Read signal for this bar
double value = iCustom(Symbol(), Period(), "PZ_DayTrading_LICENSE", 4, 1);
// Do something
if(value == OP_BUY) { /* Your code for bullish signal */ }
if(value == OP_SELL){ /* Your code for bearish signal */ }
if(value == EMPTY_VALUE) { /* Your code if no signal */}
// Exit
return(0);
}

I cannot provide the indicator due to licensing, you can download the demo version to check object names
on the market, and we will have to work in a produce -> test -> feedback cycle.

Please put a lock on your files so it can't be used after some time. This isn't necessary but for your security and peace of mind.


The specification for the features I want would be as follows:

-> Open trade on arrow signal (up = buy, down = sell obviously :) )

-> There will be a dropdown to select trading mode 1-9, each mode adds an additional trade position.
   For example, mode 1 only opens 1 trade, mode 2 opens 2, mode 3 opens 3 up until 9

-> Indicator has 4 stop loss levels, set SL of trades depending on which option is chosen
   e.g SL 1, SL 2, SL 3, SL 4
 
-> TP of each position is NOT USING INDICATOR, it will be calculated by the fib points as follows:
   1.618, 2, 2.272, 2.618, 3, 3.414, 3.618, 4, 4.236
   -> Each position will have higher fib TP
   -> Fib will be calculated using CLOSE PRICE
   -> For buy signal, fib is drawn from top to bottom (swing high close to swing low close in the box)
   -> For sell signal, fib is drawn from bottom to top (swing low close to swing high close in the box)
   -> Check this link for example. Arrow shows draw direction of fib https://postimg.cc/PNFdHth3
   -> Another example in the MT4 terminal

-> There should be a setting called "Extra position open TP" which when enabled, it will open 1 extra position but this position will not have TP set
   
-> Trailing stop is explained here

   -> Trailing stop in pips normal (on/off) (after how many pips move SL) (number of pips)
  This is just normal trailing stop, so after some number of pips, move the SL by some other number of pips. Example: every 20 pips, trail SL by 5 pips.

-> Add indicator's settings in the EA settings so the strategy can be adjusted as needed

-> Sometimes the signal entry bar is a big spike and can invalidate some take profit points, to mitigate risk here have some setting (call it x for example), if the number of invalidated tps is more than or equal to x, then don't open any trades for the signal (becuase its too risky).
Otherwise, open whatever positions are still left.
-> This describes it in more detail


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