Take profit and max trades of current EA

MQL5 Experts Integration

Job finished

Execution time 26 days
Feedback from employee
Thanks for your order. Glad work with you!
Feedback from customer
Aleksey was able to assist with the added feature of EA. Despite several modifications on my part. Recommend

Specification

Current EA has entry requirements. The following would be to include Exit and Risk management.


Take profit (2 input level for take profit). 

1st input : percentage based off latest trade

example : 

1st trade: 2000

2nd trade : 3000

take profit input level: 101%

TP level : 3000 x 102% = 3060

1st trade TP level : 3060

2nd trade TP level : 3060



2nd input: percentage based off highest entry trade

if 2nd input TP level is more than 1st input TP level = apply 2nd input TP level, else

apply input 1 TP level


example 2nd input TP level more than 1st input TP level:

example : 

1st trade: 3000

2nd trade : 2000

input 1 TP : 101%

input 1 TP level(based on latest trade): 2020

input 2 TP : 102%

input 2 TP level(based on highest entry price): 3000 x 102% = 3060


TP level should be nearest highest 0.5 multiple

eg: if TP: 3027.66

converted to 3028


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Maximum lot size across all trade (sum of all lots) - (up to 2 decimal point) example: 0.08 lots


3 input level in control panel.


1st: initial max trade size (input in percentage - 20 = 20%) based off all time high  ,,,,  


     if all time high is lesser than 4500 = referenced number will be 3000

     if all time high is more than or equal to 4500 but lesser than 6000 = referenced number will be 4500

     if all time high is more than or equal to 6000 but lesser than 7500 = referenced number will be 6000

     if all time high is more than or equal to 7500 but lesser than 9000 = referenced number will be 7500

     if all time high is more than or equal to 9000 but lesser than 10500 = referenced number will be 9000

     if all time high is more than or equal to 10500 but lesser than 12000 = referenced number will be 10500

     if all time high is more than or equal to 12000 but lesser than 13500 = referenced number will be 12000

     if all time high is more than or equal to 13500 but lesser than 15000 = referenced number will be 13500

     if all time high is more than or equal to 15000 = referenced number will be 15000



2nd: initial deposit

3rd: Increment amount

4th: Increment lot


example:

1st: initial max trade size: 10 --------- equate to 10%

2nd: initial deposit: 1000 USD

3rd: Increment amount: 500 USD (mean more than or equal to 500)

4th: Increment lot: 1 lot


all time high: 3500

referenced number = 3000


Initial deposit of account is set as 1000 USD.

Maximum lot EA can open is = initial deposit divided by 10% (1st input) of 3000 (referenced number)

1000 / 10% of 3000

1000 / 300

= 3.333

= only 2 decimal points - round down 

                                                                          

When Account balance is 1500 USD, EA can open position up to 4.33 lots. 

(account balance minus (2nd) initial deposit is 500, which satisfy criteria (3).

So now (1) initial max trade + (4) Increment lot = 4.33 lots


**if open trade total is 4 lots and we have entry fulfilment to enter another 1 lot. 

Trade would not be able to open as 4+1 lot = 5 lot , which will be more than 4.33 lot (max trade)


if account balance falls, lot size will decrease as well but dont close existing trade if lot size exceeds.

eg: current balance 2000 USD

updated max lots = 3 lots 

withdraw 500 usd

updated balance: 2500 USD

updated max lots = 2 lots.


if current max lots requirement does not match with current balance: send mt5 app notification and mt5 terminal alert

"Deposit more amount to maintain existing position"



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Budget
30 - 50 USD
Deadline
from 7 to 14 day(s)