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Add 2 Stop Loss Features to an existing well running EA

MQL4 Experts

Job finished

Execution time 8 days
Feedback from employee
Very understanding and supportive client. very nice to talk to . Very clear requirements and explanations. I would definitely like to work with him again and again.
Feedback from customer
Fine developer. Finished in time

Specification

Add 2 Stop Loss Features to an existing well running EA


At the moment thats situation:

My ZIGZAG EA trades Breaktous of the ZIGZAG signals

Buys if price breaks High of last ZIGZAG leg and

Sell short if price breaks Low of last ZIGZAG leg.

Its a Stopp and Reverse EA, that means the EA takes SL (Variable in EA is „sl“)

at the opposite site of the Ordersite in the EA and is ALWAYS IN THE MARKET


f.e.


Breaks HIGH of ZIGZAG leg is BUY and same time EA sets his „sl“ at the LOW

of the ZIGZAG leg.


If Low of ZIGZAG leg is broken EA close the BUY Order and Open a SELL Order.

The EA which is running without problems is to add with these

functions:


1. TO add : HARD StopLoss independend of the SL which is at the moment used

as Variable „sl“ in the EA

These HARD StopLoss is to be set at the open of each trade

for BUY Orders xx.xx PERCENT of price below the OPENORDERPRICE and

for SELL Orders xx.xx PERCENT above the OPENORDERPRICE


not PIPS or Points cause i want that to use for all instruments


Thats to avoid to big Losses.


These HARD StopLoss muss „override“ the „sl“ Variable which is uses at the moment

if the price goes below these „HARD StopLoss“ in BUY or goes above these „HARD StopLoss“

in SELL orders.



The EA stored the datas of the ZIGZAG Last High, Last Low, and the actual High or Low

in an ARRAY.

The Datas of these Array are shown in the chart at left side corner



TO add: a DATA which counts the mathematicall difference between last ZIGZAG LEG AND

THE ZIGZAG LEG BEFORE:


I HAVE MARKED THAT IN THE CHART AS P 1 and P 2


This data (double) should shows these difference in the chart and fill it in a

Variable


So the data from these Variable should be stored in a Variable , (let say VAR_1)



These VAR_1 should be as extern Variable to have them in the EA



Also to Open a Trade this VAR_1 must have a Value = < XY (VAR_2)


And these Value XY (VAR_2) should adjustable in the EA


Now the function:


IF these VAR_1 (Difference between High and :Low of the last ZIGZAG Legs)


Level > Value VAR_2 (is above) a Level of VAR_2 which should

be setable in the EA , the EA should not open any trade.



This is to limit the risk of each trade by market condition


NO CHANGE IN THE OPEN ORDER Management






Added Picture  (EA_Order_2)


Here an example for a Buy Trade at 23:00


P 1 and P 2


P1 is Low and the „normal sl“ the EA uses


P2 is High and Open Order the EA uses



IMPORTANT.

1) I need the mql4 file as well 

2) The EA is my copyright - not allowed to publish it without my okay 

Files:

TXT
ZIG_EA_SL_Order.txt
2.6 Kb
PNG
EA_Order_2.png
53.5 Kb

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