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Hi - I have a 90% finished EA that needs to be fixed (the last coder did not finish it), below is the description and I will send bidders the MQ5 file so they can look at it.
I
want an EA that opens a buy trade after "x" consecutive negative day
closes; or enters a sell after "x" consective positive previous bars..
e.g. if I entered "x=5" into the parameter, the EA would buy after 5
negative bars (at the open of the 6th bar) and sell after 5 positive
bars (at the open of the 6th bar).
Also the EA continues to open trades until it wins e.g. if "5" consecutive positive bars occured, the EA would Sell, then if the next bar was Positive it would sell again - The EA carries on selling until the next bar is negative and the EA wins.
The EA wil have a "first order lot" system and then a "Secondary multiple order system" - this is for any new orders that are opened after the first trade if the trend continues e.g. if "1" is entered for the "first order lot" parameter and "2" is entered into the "Secondary multiple order system", this means the EA will "x2" every further order. So if there was 3 orders before winning, the order lots would be: 1lot, 1x2=2lots, 2*2=4lots.
The EA continues selling with all orders open and closes all open trades in the martingale once a daily close is positive
The EA will have two TP/SL systems.
1. The TP = the close of the first positive bar, no SL is used
2. the
SL= the close of the CURRENT bar so the SL will not be active until the
"now" bar has closed e.g. after 3 consecutive up bars close at $110,
the sell order is executed at the open of the 4th bar, if the 4th bar
rises and closes at 120, the SL for the order will be 120.
the TP = % retracement of the consecutive up/down candles e.g. if 3 consecutive up bars close at up at $100 (from $90), a sell is entered at the open of the 4th bar at $100 and the TP is a % of the $10 gains that the symbol has made. For example, if the TP = 50%, the sell position at $100 would have a TP of $95 - as 50% of $10 (the gains from the consecutive wins) is $5. So the TP is 5%. And there is an "open price" TP that sets the TP to a % of the open price e.g. if the trade is opened at $100 and the TP is 10% then it means the TP = $110.#
Attached is the code.