EA pilot to execute trades using MetaTrader4

[Deleted] 2009.04.08 13:22

I received the following request from harvinder.sondh@btinternet.com:

"Further to our conversation. I have a requirement such that I want an EA pilot to execute my trades using MetaTrader4. I have a self contained real time forex trading software that gives visual signals on the charts and corresponding sound signals for potential point entry for a trade, initial stop, when the market hits the entry price, initial stop loss, trailing stop loss and scalping. I want to build an EA that will setup the trade each time it hears the entry alarm sound. So at the entry alarm the trade would be:

For LONG:

Entry price 20% extension above the bar formed after the long entry alarm

Initial stop loss: Low of the bar - (High of bar-Low of bar)

Scalp price = 30pips above entry price

For SHORT:

for a short: entry price 20% extension below the bar formed after the short entry alarm

Initial stop loss: High of bar + (High of bar-Low of bar)

Scalp price = 30pips below entry price

The trade closes if it hits the stop loss or the scalp price. The process repeats every time the third party software gives a potential entry alarm sound and on any time time frame. Each time the entry alarm sound the setup symbols based on the above conditions should appear on the selected chart. The above parameters should be changeable according to suit changing market conditions. I can adjust all parameters in the software and backtest to optimise.

Can this be done using alarm sounds or visually from the charts on the 3rd party software because the entry signal appears as a non colured square box, when entry price is hit the box becomes gray, when scalp price is hit the box becomes green, when stop loss is the box has a cross in it.

I am not a programmer but can you tell me if the above is possible and point me in the right direction."

Can anyone assist, please?

Thanks.