New EA similarities to
previous build
- EA
trades based on upcoming Economics Events (as already built)
- EA
open trades based on dots of PSAR (as already built)
- Logic
of trade is based on martingale (as already built)
NEW Logic
of Trading:
a. EA
waits for upcoming news, and based on time and news filter will open trade
based on action of price on PSAR (as already built)
b. EA
opens long or short position based on direction of PSAR (as already built)
Major Difference between Old and New Logic
c. If EA
opens a long position (position A) as shown in diagram below (red-dot), it will
place TP (TP-A) at the position equal to the distance of new PSAR dot (as
already built),
but
instead of placing SL (SL-A) at the new position of PSAR dot, it will rather
place a SellStop Pending order (trade-B) with Martingale multiplier.
Therefore,
SL for trade-A will be x2 of what initially should have been; and TP for trade-B
will be at same price SL-A (see diagram)
Entry
point is marked in big-dot-red (point where psar-dot switched)
d. So if
trade-B is triggered, immediately a 3rd pending order (buy-stop)
position will be placed at same point were trade-A started. Therefore, if
trade-B did not reach TP, and price reverses to trigger Trade-C, a 4th
pending-order (sell-stop) position will be placed at same position were trade-B
was triggered, and so on, and so on, using martingale multiplier.
e. So martingale
logic will play out, and keep multiplying trades, until either TP or SL of any
of the opened positions is reached.
f. PLEASE NOTE
that, if price touches any of TP or SL of any of the opened positions, EA
should FORCE-CLOSE ALL OPENED TRADES
IMMEDIATELY (very important please)
g. Last trade should try and achieve breakeven (or
minimal loss). What this means is that if for example, user sets EA parameter =
Maximum open trades/cycle = 5
And at
4th trade, price did not reach TP of the 4th trade but
goes on to trigger this 5th trade, the value of lot size for 5th
trade should be such that it equalizes total long position and short position
(like a hedged)
or
please you can share your idea on how best to achieve minimal loss when this
scenario is reached).
Thank
you.
Benzer siparişler
Overview: I am looking for an experienced MQL5 developer to build an advanced Expert Advisor (EA) for MetaTrader 5. The EA must parse trading signals from Telegram channels and execute them automatically on MT5 with high accuracy and low latency. Key Requirements & Custom Features: Multi-Channel Support (2 Telegram Channels): The EA must be able to listen to two different Telegram channels simultaneously. Independent
Ich möchte einen professionellen Expert Advisor (EA) für MetaTrader 5 entwickeln lassen, der sich funktional am ThunderGold Scalper orientiert. Instrument: XAUUSD / GOLD Zeitrahmen: M15 Plattform: MetaTrader 5 / MQL5 Der EA soll eine eigene, nachprogrammierte Strategie verwenden und keine geschützten Quellcodes oder proprietären Dateien des Originalprodukts kopieren. Gewünschte Funktionen: automatischer Handel auf
I need a fully automated Expert Advisor (EA) written in MQL5 for MetaTrader 5. The EA must work directly inside MT5 and must NOT require TradingView, PineConnector, webhooks, or another external connector to place trades. Trading Instrument Primary symbol: XAGUSD (Silver) My broker may display the symbol as XAGUSD-ECN, so the EA should work with the broker’s available XAGUSD symbol. Main entry timeframe: 5-minute
RECHERCHE DÉVELOPPEUR MQL5 — PARTENARIAT 50/50 Objectif : développer un EA de trading automatisé en 11 jours maximum pour participer à plusieurs concours de trading démo. Je recherche un développeur MQL5 expérimenté, capable de développer, tester et optimiser un EA proprement, avec une vraie maîtrise de la gestion du risque. CONCOURS VISÉS 🥇 XM — Weekly Demo Contest - Concours récurrent - Prize pool annoncé : 25 000
I need a EA programer to program my EA for MLQ5 to sell at the last candle before impulses to the downside(-) and buy on the last candle before the upside(+) movement. For the take profit we target the nearest high for buy and target nearest low for sell.Stop loss on the last weak of the order block
//+------------------------------------------------------------------+ //| XAUUSD Wolfe + SMC Quick Profit EA | //| MT5 / MQL5 | //+------------------------------------------------------------------+ #property strict #include <Trade/Trade.mqh> CTrade trade; //================================================================== // INPUTS //================================================================== //--- General
can you help me with I have an indicator that I built and I work with PickMyTrade. The entries come through the alerts I get from Trading View . Trading View needs to send an alert and PickMyTrade executes a trade at that exact same second. Now, I have a problem in Trading View with the synchronization between the alert and the signal. I have a box that I built for a trade. It needs to output the box and get an
Key Technical Specifications Platform & Engine: Native MetaTrader 5 (MQL5) using CTrade execution class. Trading Strategy: Dual-directional breakout grid strategy featuring dynamic price validation and overall equity trailing stops. Order Capacity: 70 total pending orders max (35 Buy grid levels, 35 Sell grid levels). Core Features & Execution Rules Feature Specification Details Price Direction Guard Automatically
Buying profitable EA Budget up to 1.5k (Serious offer) Specification EN I will pay 1.5k (negotiable) for an EA for existing MT4 that generates a minimum of 5% or higher a month consistently no monthly DD more than 5% on ,5k account Please send demo version with optimal settings so I can test, if it performs in a strategy tester i will also need option to forward test it in a demo account. Developer should be willing
I need an MT4 Expert Advisor (MQL4). 1. Open one Buy and one Sell trade simultaneously. 2. Adjustable lot size (default 0.01). 3. Stop Loss on both trades. 4. If one trade hits Stop Loss: - Do not open a replacement trade. - Leave the remaining trade open. 5. Optional trailing stop: - On/Off switch. - Adjustable distance. 6. When the remaining trade closes: - Open a new Buy and Sell pair. - Repeat continuously