Breakout Ratracement EA

MQL4 Experts

Termos de Referência

Hey, 

I would like to have an automated EA. I think it sounds more comlicated than it really is.... :)

 

1) It should take the high and low point of a defined time periode (e.g. from  02:00-02-35)  as trigger lines for the trade (two white lines in the pic, defined by the high and low point of the candles in the red circles)

2) as soon as a candle leaves the range completele (e.g. 1min candle open and closes above the highest point within the timerange with a certain difference ( 1 or 2 pips) between high point and the candle) the limit order is trigger (candle in yellow circle in the pic)

3) the Limit order is placed relative to the high/low point (e.g. if the first candle out of the range is above it, the limit order is placed 10pip under/above the high) (purple lines in the pic)

5) the stop of the order is placed relative to the high/low point, as well (yellow line in the pic)

4) if the limit trade is triggerd trough a retracement I would like to be able to place several sell limit orders (e.g. 50% of the lot size after 20 pips, 20% after 50pips, 20% after 100pips...) (red lines in the pic)

5) after the first partial sell  SL at entry point

6) If the limit order wasn´t triggered after a certain periode of time, the trade gets deleted (e.g. if there was no retracement till 15:00, the limit order gets deleted)

7) So it is only one or none trade a day 

 

l  

 

 for a better understanding following things should be displayed in the chart: 

- line at high and low point from the beginning of the time frame till the time of the deletion of the trade (so in this example from 02:00 till 15:00)

- pointed lines at the levels of the partials sales 

- point of buy and sell levels in the candle via an arrow or something like that

 

for backtesting issues I would like to change certain values, thats why it would be nice to have some notes in the code that show me where to do it ;)

- the time frame for high and low point

- the relative position of the limit order (so e.g. 5 points below high or 3 points above high)

- the lot size and pips for partial sales 

- time when the limit order gets canceled 

- And of course the lot size 

 

It should work in particular for all currencies and indces (like Dow Jones, Dax, Nikkei...)

 

And if you could give me a little help in how to implement data from the  Tick Data Downloader in MT4, I would be very thankful ;)

 

It is not urgent, so the time is more or less not important

 

Hope to hear from you

 

Flo 

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