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An Expert Advisor to auto disable/enable Algo Trading based on number of losses/wins in a row

MQL5 Experts Futures OpenCL ALGLIB C++ C# Java JavaScript PHP SQL MySQL PostgreSQL Python Trading robot/indicator debugging

Job finished

Execution time 2 hours
Feedback from employee
Amazing person to work with, very flexible and detailed in communicating requirements. Thanks for everything and i can't wait for next job.

Specification

I need an EA that monitors a demo account for a set number of losses and winners in a row then enables/disables Algo trading on a live account accordingly.  It needs to work alongside with 2 other EA.

 

Requirement:

 

EA running on demo account monitors the trade history for X number of losses and X number of wins in a row.  Once there are X number of losses in a row, the EA on demo account sends signal to EA on live account to disable Algo Trading

 

When there are X number of wins in a row that follow (after Algo trading is disabled), the Algo Trading is enabled again on live account and the counter resets to zero to look for another X number of losses in the demo account.

 

The EA on demo account must send signal to EA on live account to disable/enable Algo trading

 

Bonus:

A push notification is sent via SMS, Telegram, whatsapp, etc. when Algo Trading is enabled or disabled on live account.

 

 

Compatible with these EA


AutoTrading Scheduler EA

https://www.earnforex.com/metatrader-expert-advisors/AutoTrading-Scheduler/

 

Algo trading on live account only needs to be disabled during the scheduled allowed trading hours per day set on the AutoTrading Scheduler EA

 

If Algo trading is already disabled on live account due to being outside of the set trading hours allowed then no action is needed


Trading Connector EA

https://www.tradingconnector.com/


This EA is running on both demo and live account to trade automatically based on signals from Tradingview. 

 

Example:

 

Live account has algo trading enabled since it is at a time where it is allowed to trade using the AutoTrading Scheduler EA

 

The required EA monitors a demo account for the following:

 

X number of losses in a row= 4

X number of wins in a row =3

 

When there are 4 losses in a row, the Algo trading is disabled. 

 

EA continues to monitor for 3 wins in a row thereafter which will trigger Algo trading to be enabled again. 

 

The counter resets and looks for the next set of 4 losses in a row on demo account to disable Algo trading on live account if it is enabled and repeats.

 

Variables/Inputs:

 

The EA should have the option to adjust the number of losses or wins in a row when it's monitoring the trade history on demo account

 

Input for number of losses in a row (triggers Algo Trading to be disabled):

Input for number of wins in a row (triggers Algo Trading to be enabled):


Summary:


The demo account and live account will be trading automatically using   Trading Connector EA and is limited to set trading hours using AutoTrading Scheduler EA


Need Auto disabling of Algo Trading

To minimize losses on live account, Algo trading is disabled after X number of losses in a row using the expected EA


Need Auto enabling of Algo Trading

The expected EA should then monitor the demo account for X number of wins in a row which should then enable Algo trading on live account again to continue trading.



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Project information

Budget
200 - 400 USD
Deadline
to 14 day(s)