I am looking for an EA in MQL5 that trades both sides of a range breakout and places a hedge order. Fairly straightforward!
Here is a specification:
Trading Strategy Specification: Range Breakout
Platform: Metatrader 5, Forex brokers
Default Chart: EURUSD, 5m chart
Quick overview
The strategy looks for an established range in the morning session and then trades breakouts above or below that range, by opening either a long trade above the range or a short trade below the range. Take-profit and stop-loss targets are immediately set. If one order has been hit, the other order is immediately terminated. If a trade ends in stop-loss, a hedge trade is opened immediately afterwards
Description of Algorithm
Input Parameters
| Name | data type | default value |
| starttime | time | 7:00am UTC+1 |
| endtime | time | 9:00am UTC+1 |
| minimumrange | number | 10 pips |
| maximumrange | number | 150 pips |
| entrybuffer | number | 5% |
| exitbuffer | number | 2% |
| riskrewardratio | number | 2 |
| tradevolume | number | 0.05 lots |
| hedgerangedivider | number | 3 |
| hedgevolumemultiplier | number | 4 |
| endtime | time | 8:00pm UTC+1 |
Step 1: Establish range in the morning session
Record the highest and the lowest encountered price in the time interval between start time and end time in two variables and calculate the resulting range. Also apply a minimum and maximum range.
High = highest price encountered in interal between starttime and endtime
Low = lowest price encountered in interval between starttime and endtime
Range = High - Low
if Range is higher than maximum range, then set Range = maximumrange
if Range is lower than minimum range, then set Range = minimumrange
Step 2: Trade Entries
Calculate the entry prices by using the range, and a buffer. Set the orders immediately after the time interval of step 1 is over. First, calculate price levels:
bufferrangeentry = range * (1+entrybuffer)
bufferrangeexit = range * (1+exitbuffer)
rangedivider = range / riskrewardratio
Place two pending stop orders with the following parameters:
1) Short Order
Direction: short
Entry Price: Low - bufferrangeentry
stop loss: High + bufferrangeexit
take profit: Entry - rangedivider
2) Long Order:
Direction: long
Entry: High + bufferrangeentry
Set stop loss: Low - bufferrangeexit
Set take profit: Entry + rangedivider
If one of the orders is hit, delete the other open order.
Step 3: Hedge Orders
If a stop loss has been hit, on the first opened position, we try to re-coup our losses with a hedge. Therefore a hedge order is placed at the stop-loss of the first opened order. Calculate the range of the hedge:
hedgerange = Range / hedgerangedivider
Place Long Hedge Order if 1st opened position was a short:
Direction: Long
Entry: 1st order stop loss price, immediately after
Stop loss: 1st order entry price
Take Profit: entry + hedgerange
OR
Place Short Hedge Order if 1st opened position was a long:
Direction: Short
Entry: 1st order stop loss price
Set Stop loss: 1st order entry price
set Take Profit: entry - hedgerange
Step 4: Close at market price at a time at the end of the day
Close all orders and positions at the given time in the endtime parameter
Ähnliche Aufträge
I am not looking for someone to simply code an MT5 Expert Advisor. I already know how to create EAs and can generate simple strategies myself. What I am looking for is someone with strong quantitative research and backtesting experience who can find and validate a robust trading strategy. Objective Your job is to research and test different entry models to find one that has a real statistical edge. I do not care
I am looking for an expert MQL5 developer to build a robust, professional Expert Advisor for Gold (XAUUSD). The EA must be Event-Driven (OnTick) with no 'Sleep' functions, ensuring instant execution. Core Logic: Grid Strategy: Start with 0.02 Buy/Sell. Lot size sequence: 0.02, 0.03, 0.05, 0.09, 0.14, 0.26, 0.44, 0.75, 1.28, 2.18 (Max 10 steps). Dynamic TP: Total basket TP must update instantly upon new order
We are seeking talented Graphic Designers capable of transforming concepts into visually striking representations. Whether your expertise lies in branding, marketing materials, or digital graphics, we welcome your application. Our criteria include: - Creativity and originality - Effective communication skills - Prompt delivery of work - A comprehensive and professional portfolio We invite you to submit your portfolio
I already have the source code of an MT5 Expert Advisor. The EA is about 70% complete. I need someone to modify and complete it. Requirements: • Manage EURUSD only. • Manage manual trades only (Magic Number = 0). • Support unlimited manual positions simultaneously. • Automatically add a 10-pip Stop Loss if a position has no Stop Loss. • Automatically add a 10-pip Take Profit if a position has no Take Profit. • Do not
I am looking for an expert MQL5 developer to build a robust, professional Expert Advisor for Gold (XAUUSD). The EA must be Event-Driven (OnTick) with no 'Sleep' functions, ensuring instant execution. Core Logic: Grid Strategy: Start with 0.02 Buy/Sell. Lot size sequence: 0.02, 0.03, 0.05, 0.09, 0.14, 0.26, 0.44, 0.75, 1.28, 2.18 (Max 10 steps). Dynamic TP: Total basket TP must update instantly upon new order
I am currently using the attached Arbitrage MACD indicator. However, there are no signal alerts associated with this indicator. I would like to receive notifications on my android device the bar after a blue long arrow appears and the bar after a red short arrow appears. This is the current code: //+------------+-----------------------------------------------------+ //| v.22.04.07 | ArrZZx2.mq4 |
double GetTodayProfit() { double profit = 0; datetime today = StringToTime(TimeToString(TimeCurrent(), TIME_DATE)); HistorySelect(today, TimeCurrent()); for(int i = HistoryDealsTotal() - 1; i >= 0; i--) { ulong ticket = HistoryDealGetTicket(i); if(HistoryDealGetString(ticket, DEAL_SYMBOL) == _Symbol) { profit += HistoryDealGetDouble(ticket, DEAL_PROFIT); } } return profit; }
مطلوب موشر مع ربطه علي بوت تداول قوي جدا مختبر ومجرب مع التاكيد علي نسبه النجاح يتم انشاءه علي جميع الموشرات في الفوركس الذهب والبتكوين والus100 مع شرح للستراتيجية ونتايج اختيار اذا كان مجرب
I have an expert advisor's investor login. I want you to study it and make me the exact same EA. There should be absolutely no differences or mistakes. You should have great observation skills for this aswell
I am looking for an experienced MQL5 developer to code a simple grid trading strategy into an Expert Advisor. The strategy logic is already defined, and I am looking for someone with strong MQL5 development experience to implement it accurately and efficiently. If you are interested and have relevant experience, please get in touch so we can discuss the project details
Alle Aufträge
Regeln