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I need a grid trading EA for MT4 to do automatic trading based on GANN support and resistance levels. These levels will be drawn on chart as horizontal lines (see attached pic).
EA needs to monitor these lines/levels all time and show on chart the number of levels crossed without a retracement. A retracement will be counted only if the ask price touches the two lines. EA should be able to send alert in case of specific number of lines/levels touched on a symbol even when auto trading is off.
Typically, first sell position should open at level 3 (means 3 lines touched in one go) if price is going up or a buy position if price is going down. Next position will open at certain points after the first position and then another position at Level 4 and then another at more points and then another at Level 5, so on and so forth. All positions should go in pending based on profile in terminal window and close when target (first retracement) reached. In case of not finding enough levels on chart, EA should send an error alert.
For TP, buy positions should close at ask price and sell positions should close at bid price at the first retracement touch for whatever level the price reaches but all positions should have option for partial/full close after certain gains in points, near retracement or breakeven.
SL will be certain level reached (eg. Level 10) plus some offset points or some certain points for each position or if the overall loss reached to a defined limit (eg. $4,700).
EA should be compatible with strategy tester in MT4 for profitability.
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