I need an EA made to my specifications. There are only a few indicators required and I am wanting a custom trade management system set up

MQL5 Indicators Experts

Job finished

Execution time 5 days
Feedback from customer
Super helpful and very easy to communicate with. Will be using Teimur again for future work! Thank you!
Feedback from employee
Excellent customer.

Specification

Robot Rules

 

(I will show image examples for each explanation)

Indicators: Bollinger Band on M1 – Default settings

 

1.       Signal bar: For a long trade – A down bar (and/or doji bar) needs to touch or pass through the Bollinger band (Image 1)

2.       Entry bar: For a long trade – After a down bar has touched/passed through the Bollinger band the following bar needs to be an up bar and the open & close needs to be more than the signal open and close bar. (Image 1)

3.       For short signal & entry bar: Same rules but opposite to the long signal/entry (Image 2)

       Example when there is a doji bar entry (Image 2.5)


 

1.       Second entry is exactly the same as the first entry with a slight variation. For long example. If after a down bar has touched/passed through the Bollinger band and price has come away from the Bollinger without showing a long bar straight away bar the following up bar that has a bigger open/close than the previous bar to that is also an entry. (Image 3)

 

Trade management:

 

1.       There will be 3 separate trades per entry. Each trade I want to be able to change the % of the account balance

2.       The targets will be 2:1, 3:1 and trailing after the first two trade targets have been hit.

3.       The SL will be measured as so: For longs it will be measured by how big the entry bar open to the low is. (If it equals 2.4/3.4/4.4 etc… pips then the Sl needs to be 3/4/5 etc…. If it equals 2.5/3.5/4.5 etc… pips it needs to be 4/5/6 etc…. For shorts it will be measured by how big the entry bar close to the high is and the same rules for the

4.       The third trade I want to trail after the first and second trade targets have been hit. But I want to trail 5 pips behind M5 bars. E.g for a short trade it would only trail behind short bars. It would trail 1 bar before the current bar if that short bar has made a lower high. Same applies for long trades but opposite to short trades. (Image

 

  I have explained it the best I can but if there is any confusion please ask,

 

I look forward to working with you :)


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Project information

Budget
40+ USD
For the developer
36 USD
Deadline
from 1 to 2 day(s)