Candle Breakout Special

MQL5 Experts

Specification

1. EA can be written in either MT4 or MT5 (I would prefer which ever process the data faster). Should work on VPS.

2. I will need the source code also because I have to further tailor / embed few "steps" in the final product.

3. My budget is tight so cannot offer more than 30 to 50 USD.

4. EA will actually work on "previous candle {(or set of candles) breakout mechanism}. The running incomplete minute may / may not be part of running candle based on input.

5. EA will look for a "text file / table / input-box" and ACT during a set of specific timings ONLY related to specific symbol. The time / symbol names etc will be daily fed by me. All time will be brokers one. In case of any programming hiccup, I can change them daily within EA input parameters / I will reserved for required specific symbol once a day and then save the separate SET files. Though, it will be a cumbersome activity but acceptable.

6. Major issue, I can forsee is that:

(a) Many a times, for lower time-frame like 1m-TF, the values may be so small from current Bid/Ask that, EA may not be able to create advance trades due to Brokers restriction. So, the EA is to produce two trades in advance conforming Brokers restrictions. The required "distances, spread and decimal digits in pips" will be manually fed to ease load on programmer OR anything developer desire from me to do so.

(b) No money management. I will manually feed the lot size daily, different for each symbol in the table with its spread etc (as per para 6 above). However, EA is to sometimes generate trades in half-lot and quarter-lot based on "daily lot size for that symbol".

(c) The set of last two to hi/lo values "highest/lowest", which running candle is waiting to break. In advance "two lines may be drawn on screen reminding user, the values EA is waiting to break. The buffer/addenda/indent added in the Highest value while comparison / purchase will also be manually set in Table, different for every symbol. Apart from the two actual values shown on screen with Lines above / below on last / set of candles, the EA is to produce two values (conforming brokers restrictions) and same shall also be displayed on screen (alongwith two advance but dummy trades). Actually, these trades are just a standby arrangement, in case the software / EA failed to generate actual trades at Right (lower) prices due to any reason.

(d) Internally, I will need values from following indicators ie RSI, BB%B (or BB boundaries), VWAP, CCI, various EMAs specially 3/9/20/60/100/200, so that current trade may be squared OR new trades be opened. Additionally, I need the EA to expect and using "a target / magic / resistance value" from Myself (ie user) while operating the EA. Its for comparison and sometimes closing the trade OR opening a fresh trade. Its like a desired value, and EA can flash this value on table with time of feed so as If I feel it to be changed (i can change it).  

(e) From Table, sometimes EA will start its operation and immediately create two Hedge trades (if indicated in EA for that symbol and for a specific time). These trades may conform Brokers values (otherwise EA is to keep actual soft-values in memory and Act when time needs. There will be two type of Hedge trades and this selection will be as per Table. These trades will use SL, TP, TSL, BE values (from Table according to Symbol and will be separate for different Time frames).

(f) The Lo/Hi set of values can also be of three types. Out of Open, Highest, Lowest, Close values made by a RED candle. EA is to chose set, as selected by myself ie either Highest / Lowest ....OR..... (for a healthy Green candle) Highest of Wick and Open of body (for lowest).....AND... (for a healthy RED candle) Lowest of Wick (for Lowest) and Open of body (for Highest). The type will be selected by myself in table for different symbols only. The indent to add above Highest and Lowest is a must and separately fed in Table for every symbol.

(g) Assume, EA generate two possible pending trades. However, actual values were smaller than them, and a Higher breakout is witnessed by EA (from actual values) so the EA generate a BUY trade (based on soft-values in its array). The Pending BUY Trade shall be removed by EA but the pending SELL-STOP trade shall remain intact. However, an additional SELL-STOP trade of same quantity may also be created by EA, in case the price went from BULL to BEARISH within no -time. However, in its memory, the EA may double the quantity of "future Pending SELL-STOP" whenever require to act. There is no SL value in this part of EA. After two candles (or set of candles TF), the previous SELL-STOPS be moved to next "Lowest of second last Candle". There are some restrictions here which I will narrate later, however, assume, the SL is by default lowest / highest of second last candle. When EA, will face any of a set of conditions, it will shift the SL to high/low of previous / last candle.

(h) Additionally, after making one trade in Bull direction, after end of every Green candle, a quarter-lot may / may not be additionally purchased (as per table). With any opposite candle, these additional trades will be squared (but not the main one).    

(j) I would also be thankful, if separate button can be added on screen for initiating both or any of Buy / Sell (at a default distance, with default SL, TP etc).

(k) Every set of values will use different magic Number in its Saved set of files.

(l) Button to CLOSE all pending Trades. OR All Live trades. Button to Square Half position of a trade etc.

(m) The detailed document is available with me elaborating everything.

(n) May be few more I am missing here, the Table concept, will ease many burden of Programmer.  


* Plenty of EAs are on various platforms but none worked well. Almost all source codes have sufficient errors. In case the developer have any existing working EA, he can share and I will tell him where the modifications may be needed, this will save time of both parties, though he will still get his promised income. 

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Project information

Budget
30 - 50 USD
For the developer
27 - 45 USD