Breakout EA based on London Breakout System

Requirements

1.    The idea of the trading system is as follows The EA should allow you to trade highs and lows (including the wicks) of any hour and any day range you decide. e.g. London Breakout, Day Breakout, US Session, Asian Session.

a.    BREAKOUT – should be able to set to trade range between Session Begin = 00:00, Session End = 06:59 (or any combination). After Session End two pending orders are set up.

b.    Buy stop for High level and Sell Stop for Low level. Once the prices reach one of the levels the position is executed.

c.    Should be able to select a STOP LOSS, TAKE PROFIT, TRAILING STOP

Trading settings:

• Start time to track HIGH/LOW - time when the EA start monitoring and tracking highs and lows;
• End time to track HIGH/LOW - time when the EA stop monitoring and tracking highs and lows;
• Distance from HIGH/LOW – distance in pips from actual levels of highs or lows before pending orders are executed to avoid bad breakouts; (add spread to entry levels)
• Delete pending orders after X minutes if not engaged – delete the orders in market if price level didn`t reach any of the pending orders;
• One cancels other – if one order executed the other cancelled: and
• If one order is executed move other order to Entry (at opposite order SL), SL and other order Entry and TP to original Entry level.
• Take Profit – in pips; (% of start time and end time range).
• Stop Loss – in pips; (% of start time and end time range).
• Use reverse orders – reverse pending orders in market.

Trade size:

• Fixed lots – lots from 0.01;
• Risk per trade % - risk calculated in % along with stop loss from 0.1% per trade;
• Max lot – maximum lot size;
• Martingale – true or false; (What about the offset)
• Martingale multiplier – 2,3,4 times initial lot size.

Trading day settings:

• Trade on Mondays;
• Trade on Tuesdays;
• Trade on Wednesdays;
• Trade on Thursdays;
• Trade on Fridays;

Trailing Stop settings:

• Enable Trailing Stop – true or false;
• Trailing Stop Start Level – in pips;
• Trailing Stop Distance – in pips.

Break Even Settings:

• Enable Break Even – true or false;
• Break Even Level – in pips;
• Break Even Profit – in pips.

Notification Settings:

• Extended Journaling (log) - true or false;
• Emails – true or false;
• Push notification – true or false;
• Alerts – true or false.

General Settings:

• Max Slippage – in pips;