FreelanceSections

An Expert Advisor Based on Stop Orders and Hedge

MQL4 Experts Trading robot/indicator debugging Forex

Job finished

Execution time 23 hours
Feedback from employee
Really nice and polite client. I would perform jobs for him anytime.
Feedback from customer
Executed well what is on my mind. Very accomodating. He is also suggesting what could have been better that will suit each client's specific needs. Highly recommended.

Specification

Hello, 

I need an EA with the following conditions:

1. Trades will be open with Buy Stop and Sell Stop, with a given pips distance from the current price. 
Initial lot size will be determined by the user, there should be a preset for it. Once the Buy Stop is hit, the Sell Stop should automatically be cancelled already. 

Target Profit will be in amount currency, and there should also be a preset where the user can modify and change it.

2. Hedge distance is the pip distance between the existing position (ex. Buy) to the next Stop order (Sell). 
Lot size will be determined by a formula. 

3. When the next Stop (Sell) order is hit, another Buy stop will open. Lot size will still be determined by a formula. 

4. The process will just go on until Target Profit is reached with all the existing positions, which should automatically closed the positions and the existing Stop Orders.

5. After closing the positions, the process will start from the beginning, with Buy and Sell Stop orders again.


Thank you :) 

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Project information

Budget
30 - 100 USD
Deadline
from 5 to 10 day(s)