Order Creating EA (Buy Limit, Buy Stop, Sell Limit, Sell Stop)

MQL4 Experts

Specification

EA funciton

Create Limit and Stop orders at Multiple of the Order Distance to form a Grid. & Maintain the Grid All the time


Example

Order distance pips = 2,500 = $25, Use Buy Limit=True,  TP_[Buy_Limit] =5000, Current Price=995,  Max_Orders_[Buy_Limit]=5, Order_Gap_Pips=500=$5

Then,


1) At the beginning of the EA, Create buy Limit orders -> 975,950,900,925,900 --> Each one should have the Take Profit of 5000 since  TP_[Buy_Limit] =5000

2) When to place new limit order? When the price moves up and touches the grid+order gap [Example, if price moves upto 1005 (ie. 1000+ Order_Gap of $5 = 1005 , then place buy limit order of 1000]

3) Don't create duplicate pending order, if there is a Market order Exists (Eg. Suppose price comes down and converts the 975 pending order into buy order, and then moves up   Order_Gap_Pips of 500=$5, then, the EA will not create a pending order at 975, because a Buy order exists at 975)

4) Maintain the Grid all the time by Filling the Grid Gap - Suppose, a Buy order gets closed by Take Profit, the EA should place a pending order in it's place (eg. suppose order 975 hit by take profit at 1020, then the EA shd place a pending order to fill the gap of the grid at 975)



INPUTS
Stopout_Margin_Level 300% Must close all the open limit orders if margin level reaches X% & Should not create any new Limit order (Stop the EA and not create any Limit Orders)
Restart_Margin_Level 500% Restart the process of creating Limit orders once the margin level is greater than Y%
Use Buy_Limit True/False
Use Sell_Limit True/False
Use Buy_Stop True/False
Use Sell_Stop True/False
Order_Gap_Pips 500 Once this pips is hit, the pending order will be placed.
Eg. Order_Gap_pips=500, then if price touches 1005, pending order of 1000 will be placed
Lot_Size_[Buy_Limit] 0.01
Lot_Size_[Sell_Limit] 0.01
Lot_Size_[Buy_Stop] 0.01
Lot_Size_[Sell_Stop] 0.01
Order_Distance_[Buy_Limit] 2500
Order_Distance_[Sell_Limit] 2500
Order_Distance_[Buy_Stop] 2500
Order_Distance_[Sell_Stop] 2500
Max_Orders_[Buy_Limit] 25
Max_Orders_[Sell_Limit] 25
Max_Orders_[Buy_Stop] 25
Max_Orders_[Sell_Stop] 25
Lot_Size_Multiplier_[Buy_Limit] 1.06
Lot_Size_Multiplier_[Sell_Limit] 1.06
Lot_Size_Multiplier_[Buy_Stop] 1.06
Lot_Size_Multiplier_[Sell_Stop] 1.06
TP_[Buy_Limit] 5000
SL_[Buy_Limit] 5000
TP_[Sell_Limit] 5000
SL_[Sell_Limit] 5000
TP_[Buy_Stop] 5000
SL_[Buy_Stop] 5000
TP_[Sell_Stop] 5000
SL_[Sell_stop] 5000
TP_Order_Distance_Multiple_[Buy_Limit] 2 If TP Buy Limit is set, it will be taken, else this multiple will be taken as TP Buy Limit
SL_Order_Distance_Multiple_[Buy_Limit] 3 If If SL Buy Limit is set, it will be taken, else this multiple will be taken as SL Buy Limit
TP_Order_Distance_Multiple_[Sell_Limit] 3 If If TP Sell Limit is set, it will be taken, else this multiple will be taken as TP Sell Limit
SL_Order_Distance_Multiple_[Sell_Limit] 5 If If SL Sell Limit is set, it will be taken, else this multiple will be taken as SL Sell Limit
TP_Order_Distance_Multiple_[Buy_Stop] 1 If If TP Buy Stop is set, it will be taken, else this multiple will be taken as TP Buy Stop
SL_Order_Distance_Multiple_[Buy_Stop] 2 If If SL Buy Stop is set, it will be taken, else this multiple will be taken as SL Buy Stop
TP_Order_Distance_Multiple_[Sell_Stop] 3 If If TP Sell Stop is set, it will be taken, else this multiple will be taken as TP Sell Stop
SL_Order_Distance_Multiple_[Sell_stop] 1 If If SL Sell stop is set, it will be taken, else this multiple will be taken as SL Sell stop


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Project information

Budget
30 - 50 USD
For the developer
27 - 45 USD
Deadline
to 2 day(s)