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Indicator/EA to be used 40 candles on 15Min TF starting from the Daily Open candle

MQL4 Индикаторы Эксперты

Техническое задание

Indicator + EA will draw trend lines across high/lows of first 40 candles on 15Min TF starting from the Daily Open candle.


IF price breeches Top of channel Buy signal will be triggered

If price breeches Bottom of channel SELL signal will be triggered


EXtern settings

- SL is set to 50% of Width of Channel (option to disable)

 IE if channel is 30 PIPS SL is 15 PIPS

- +5 Pips profit SL is BE +1 (option to disable)

- No new trades after Todays ATR > X 

- No trades allowed untill after 40th candle (to be defined)

- Trailing stop ON/OFF drop down box to select trailing option.

- Max trades set on/off

- No new trades to be taken after the 42nd 15 Min TF candle (option to specify last candle the allow new trades)

- Lot size on/off IF oFF auto size free margin/1000 ie if $2000 free margin - 2 lots used for trade.


indicator must draw lines across the highs/lows of the first 40 candles on 15 M TF on the open/close - one 40th candle - channel is set and to be used to opening trades. 

  

 

When trades close the buy/close should remain on chart even after closure and reopen of Mt4 - Close position must note + or - effect on balance and how much IE  +17 Pips  $170   



TP will work using a variety of trailing options.


Option 1 - 30% of the distance between current price and entry price.

Option 2 - % of ATR in pips behind current price

 

Trades MUST send alert/notification to MT4

 

Code must be commented. 

 


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