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Hello,
who can develop a little trade manager for mt4 with this features and setting parameters:
- the EA prints a sell and buy button on the chart
- if user clicks on sell or buy the EA calculates a stop loss based on the parabolic indicator. the EA also calculates the correct lot size based on risk setting and s/l. The EA opens the trade with the calculated s/l and lot size
- The EA also calculates three targets (take profit points) based on ATR - on first target the EA scales out 25% of the open position, on target 2 it scales out 50% of the open position and on target 3 it closes 100% of the open position - the EA draws a line on each take profit point, so user knows where the targets are
- by default the EA moves s/l 3 pips in break even if price has moved 10 pips in profit
setting parameters which can be changed by user:
- parabolic step (default 0.02)
- parabolic Maximum (default 0.2)
- atr period (default 14)
- atr target1 (atr multiplier for take profit 1 - default 1.6 - if set to 0 this target point is deactivated)
- atr target 2 (atr multiplier for take profit 2 - default 3.2 - if set to 0 this target point is deactivated)
- atr target 3 (atr multiplier for take profit 3 - default 4.8 - if set to 0 this target point is deactivated)
- pips threshold to trigger break even (default 10 pips - if price moves this pips in profit the EA moves the s/l to break even - if set to 0 this function ist deactivated)
- pips for breakeven (if break even is activated the EA moves the s/l this pips in profit - default 3 pips)
- risk in % (if price hits s/l user lost X % of his account balance / this setting is used for auto lot size calculation - default 1.5 %)