An Expert Adviser to execute trades base on preset conditions.

FOR 5 digits MT4 Plateform 

Risk Management :         Account Currency : USD

                                     1. Risk Capital, RC =  % of Account Balance   ( %  MUST be an INPUT !!)

                                      2. Determine Margin Requirement for 1 standard Lot = MR  (= 100000/400 * Exchange Rate )

                                      3. Assume  Initial Lot Size , ILS = 0.01  

                                      4. Calculate Maximum DrawDown,  MD = 59.5 *ILS * ATR(14)

                                      5. Calculate Maximum Margin Requirement , MMR = 20 * ILS * ATR(14)

                                      6. Calculate Ratio = RC / (MD + MMR),      If Ratio >= 1.00 THEN set LS = ILS   ==> OPEN Buy Order

                                                                                                If Ratio  < 1.00  THEN increase ILS by 0.01 until Ratio >= 1.00 ==> OPEN Buy Order

1.  Working on  M15, M30 ans H1 Time frame using HEIKEN ASHI CHART

2.  For BUY trades only

3. Place BUY order after  a WHITE bar is fully formed after a RED bar on the  Heiken Ashi Chart.

4.  Conditions for ENTRY :    ATR (14) >=6 for M15, , 10 for M30 and 15 for H1 time frame. ( Min ATR(14) should be set as INPUT variables ) 

5.  After BUY Entry,  Modify Order to set TP = Entry Price + 3 * ATR(14)  and Stop Loss = Entry Price - 3 * ATR(14)- Spread

6.  NEXT,  Open Pending Order ( SELL STOP) at Price = Entry Price -  ATR(14),  and 

                                Take Profit = Entry Price - 3 * ATR(14)   and Stop Loss =  Entry Price + 3 * ATR(14) + Spread                           

                                  Lot Size  = 1.6 * LS  

7.   IF (6) above is HIT, then Open Pending Order ( BUY STOP) at Initial Entry price with Take Profit & Stop Loss same as (5) above

       BUT with Lot Size = 1.2 * LS.

8.   IF (7) above is HIT, then Open Pending Order (SELL STOP) same as (6) above BUT with Lot Size =1.9 * LS

9.   IF (8) above is HIT, then Repeat (7) above BUT with Lot Size = 2.6 * LS

10. IF (9 ) above is HIT,then Repeat (8) above BUT with Lot Size = 4.0 * LS   

11. IF (10 ) above is HIT,then Repeat (7) above BUT with Lot Size = 4.5 * LS

12. IF (11 ) above is HIT,then Repeat (8) above BUT with Lot Size = 7.0 * LS

13. IF (12 ) above is HIT,then Repeat (7) above BUT with Lot Size = 10.2 * LS

14. IF (13 ) above is HIT,then Repeat (8) above BUT with Lot Size = 15.0 * LS 

15. IF (14 ) above is HIT,then Repeat (7) above BUT with Lot Size = 20 * LS.

16. IF (15 ) above is HIT,then Repeat (8) above BUT with Lot Size = 30 * LS                     

17.  EXIT RULES :  If price reaches { Entry Price + 1.5 * ATR(14)}  BEFORE  the 1ST Pending Order is HIT  then move STOP Loss to Break Even,

                            and  Take 50% Profit,  Remove TP  and let price move until a RED Candle is formed,  then exit the  trade.

18.   Close All Open trades including Pending Order after either Take Profit Target hit or Trade Exit as (17) above.( Note : Close all Orders is                   needed here !)

19.  Look for New trade after all existing trades are closed.

   NOTE : After trade is opened, it should be able to be manually intervened.

  INPUT VARIABLES : 1.  Minimum ATR(14) for M15, M30 & H1  time frame.

                               2.  % Risk of Capital

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