A simple breakout Expert Advisor

MQL5 Experts

Job finished

Execution time 18 hours
Feedback from customer
Great job! Fast and effective!
Feedback from employee
Thanks so much!!!!!

Specification

1)      Determine the highest and the lowest prices between 9:45 am and 10:15 am of the CFD or Forex contract that we want to trade.

2)      At 10:15 am exactly, place a buy stop order for 1 contract on the high that was just determined, and a sell stop order on the low for the same amount (i.e. 1 contract).

3)      Wait for one of the two orders to be executed.

4)      Once one of the two is executed, modify the second by doubling its quantity. This will allow to return the position if the market reverses from the initial order.

5)      If ever this second order (that was just modified) is indeed executed, then place a new stop  loss order at the level of the first order executed in order to cut all the positions.

6)      Wait until a predefined exit time (i.e. 5:30pm). At that moment, the position will have been closed either by the safety stop order, or will be closed at the scheduled time.


The fields in yellow must be editable and would like to have the MQL5 script. 

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Project information

Budget
100+ USD
Deadline
to 5 day(s)