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Basically I need the EA to manage my Trade Orders.
Things that I need to input to the system:
- Whether it's a BUY / SELL order.
- Entry price with a upper or lower bound limit to protect from volatility. (e.g. Market Buy Order with Entry price at $100. Market Buy Order is limited to upper bound of $100.50) (e.g. Market Sell Order with Entry price at $90. Market Sell Order is limited to lower bound of $89.50)
- Cut Loss Price.
- Profit Target Price to activate the Trailing Stop. (e.g. Bought at $100. When price reach $110, the EA activate the Trailing Stop of $1.) (e.g. Short at $90. When price reach $80, the EA activate the Trailing Stop of $1.)
- Trailing Stop (pips).
- Cut Off Time for EA to stop taking new trade.
Things that the EA needs to auto trade:
- Activate Market Order for BUY / SELL at Entry Price but limit to bound price. (e.g. Market Buy Order with Entry price at $100. Market Buy Order is limited to upper bound of $100.50) (e.g. Market Sell Order with Entry price at $90. Market Sell Order is limited to lower bound of $89.50)
- Once the Trade entered, activate Market Order to close position at Cut Loss Price. Or cancel order when Profit Target is hit.
- When Profit Target Price is hit, activate Trailing Stop. (e.g. Long at $100. When price reach $110, the EA activate the Trailing Stop of $1.) (e.g. Short at $90. When price reach $80, the EA activate the Trailing Stop of $1.)
- Stop opening new trade when the Cut Off Time is hit. But if there are existing positions, the Cut Loss / Profit Target activate Trailing Stop remains active.
(EA will only be active on a one-off basis. Meaning when I activate the EA, if it opens and eventually closes the position, EA will be inactive to take new trade until I activate it again.)
(EA to be able to customize for individual tickers. For example EURUSD, GBPUSD, EURAUD all have different customization with different inputs.)
(My Inputs to be shown on the chart. Look at attached image.)