Simple Order Entry EA

TRADE SETTINGS

1. BUY or SELL- BUY will run on 1 chart and SELL will run on another chart so need magic number- magic number must be able to be reused when chart has been closed.

2. X minutes- should be able to enter a trade from every 1 minutes up to xxxx minutes

3. Lot size- should be able to be from 1 micro lot to any number of full lots.  It will enter same size position every x minutes until max positions is reached.

4. Max Positions- maximum number of positions to open at any one time, should be from 1 to 1000 or more. Once MAX positions is reached, no more orders will be opened even if some orders are manually close or closed by reaching profit target.

5. Stop Loss- to be a specific price that is entered.  For example, if price is trading on EURUSD at 107.50, EA is set to SELL, and X MINUTES is set to 10,  STOP LOSS is set to 108.00, it will open a market sell order every 10 minutes and all open positions will have a STOP LOSS of 108.00.  When STOP LOSS value it hit then EA will shut off and not open an more SELL orders in this example.  A new chart would have to be opened and the EA reapplied, must be able to reuse magic number.

6. Take Profit- value to be from 0 to 1500 or more.  The take profit will be based from the trade entry value for each individual position.

7. Notifications Setting- to be able to turn notifications on and off.  Notifications, of trade open, trade closed, trade stopped out.

8. Start Stop Movement: this value is in PIPS.  For example if the value is set to 50, then when price has moved 50 PIPS of profit it will then move the stop the number of PIPS in the STOP MOVEMENT setting.

9. Stop Movement Setting: this value is in PIPS.  This is the number of PIPS to move the stop after the START STOP MOVEMENT value has been reached.  The will move the stop X pips into profit from open order price, it will NOT move it based on the original STOP LOSS price.

10. Trailing Stop Setting: this is a value in PIPS.  After the initial stop movement has started, this is how much further price must move before STOP MOVEMENT is again initiated.  START STOP MOVEMENT is 50, and STOP MOVEMENT is 10, once the 50 PIPS of profit has been achieved then the stop will be moved 10 PIPS into profit from the OPEN order price.  If TRAILING STOP is 5, then when price has moved 55 PIPS into profit the stop will be moved another 10 PIPS into profit from the open order price so now 20 pips of profit has been locked in. 

11. Magic Number- be able to reuse and use.  For example BUY trades for GBPUSD, EURUSD, USDJPY, OIL but all share same magic number,  SELL trades GBPUSD, EURUSD, USDJPY, OIL all share the same but different magic number than the BUY trades.