Completion of EA based on Horizontal lines

MQL4 Indicadores Experts

Trabalho concluído

Tempo de execução 2 dias
Comentário do cliente
Excellent coder easy to work with and quick to make adjustments and resolve problems.
Comentário do desenvolvedor
Thank you for the bonus!

Termos de Referência

The goal is simply to get each section of the EA to work as described.

Basic Trade concept/logic: (this is currently not functioning correctly)

User draws their own horizontal lines using the horizontal line tool in MT4. There can be no limits on how many or how few lines are drawn on the chart in MT4. Trades should only be taken on the user drawn Horizontal line +/- offset if >0

Trade Lines are active only if market price has been further than activation distance from the line. For example if activation distance is 25 pips and the market is 30 pips below a line then that line is active as a buy trade when the market touches that line. If a stop loss has been hit and it is within 25 pips of the line then that line is not active again until the market moves 25+ pips away from that line. If the market is above a line by activation distance then that line will be a sell trade. If it is below then it will be a buy trade.

Take Profit is optional:(this currently works)
Take profit can be left empty/open if set to 0

Move to Break even:(this is currently not functioning correctly)
This is a fairly common practice when the break even trigger distance is reached then the stop loss is moved to a profitable position at entry price+/- Break even pips.

Extra Risk Management: (not able to test)
If set to true then the EA will check to see if any open trades regardless of magic number have stop losses set to less than break even and if so will prevent new trades from being taken. It is my intent to run as many as 8 instances of this EA on different pairs this is to prevent correlated pairs from taking simultaneous loosing trades.

Incremental Trail: (not currently working)
This will move all stop losses for trades going the same direction at the same time. For example if there are 3 lines and the market has moved through each then when the second is taken the first gets the same stop loss and when it moves to break even both open trades have their stop losses moved to middle line entry +break even pips on the profitable side. When the third is opened all 3 trades have the same stop loss and upon break even all 3 again are moved to the same level.

Offset:(This currently works)
If a line is draws directly on support/resistance and i want a buy trade to be taken 20 pips up and a sell trade 20 pips down then the offset is set to 20 this way when the market moves through the line the trades are taken not on the line but at the offset from the line. The activation distance is affected as well so if activation is 25 pips then the market needs to be 25 pips from the line +/- offset not just the line its self.

Slippage:(not sure how to test this)
I believe this is working but essentially this sets acceptable slippage for those times when the market is moving quickly.

Magic Number:(this is working)
Everyone knows what this is. Since I will be running multiple instances on different pairs they each need to keep track of their own trades in order to operate the move to break even and incremental trail functions without altering trades taken on other pairs.

Automatic Lot Calculation: (This is not working) 
If set to true then each trade is taking according to free margin, initial stop loss, and risk%. Simply put if the risk is 2% then any trade that activates and then hits its stop loss before moving to break even will lose exactly 2% of my free margin at the time the trade was taken.

Forced lot size: (This works)
If automatic lot calculation is set to false then this is the lot size used.



Arquivos anexados:

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Informações sobre o projeto

Orçamento
30+ USD
Desenvolvedor
27 USD