Simple EA which trades horitontal lines i give a specific name - Should also work on MeanRenko charts

MQL4 Experts

Job finished

Execution time 7 minutes
Feedback from employee
Many thanks!
Feedback from customer
very good coder. Created exactly I what needed and delivered a bug free product.

Specification

Hello

I need a simple EA which uses 3 horizontal lines and can also work properly on MeanRenko charts:

Rule for shorts:


- I draw a horizontal line manually and name it ‚entry_short‘

- I draw a horizontal line manually and name it ‚sl_short‘

- I draw a horizontal line manually and name it ‚tp_short‘


1) Wait until a candlestick closed above the entry line for at least 1 candle. It's possible that the price is already above my line in the moment I draw it.

2) Wait until a candlestick closed below the entry line again. (The price breaks the line from top)

3) Open a sell order at the opening of the following candle.

4) Put the SL for this order at horizontal line ‚sl_short‘

5) Put the TP for this order at horizontal line ‚tp_short‘


Rule for longs:


- I draw a horizontal line manually and name it ‚entry_long‘

- I draw a horizontal line manually and name it ‚sl_long‘

- I draw a horizontal line manually and name it ‚tp_long‘


1) Wait until a candlestick closed below the entry line for at least 1 candle. It's possible that the price is already below my line in the moment I draw it.

2) Wait until a candlestick closed above the entry line again. (The price breaks the line from below)

3) Open a buy order at the opening of the following candle.

4) Put the SL for this order at horizontal line ‚sl_long‘

5) Put the TP for this order at horizontal line ‚tp_long‘


- I want to move the lines on my chart according to my analysis and EA should be able to handle this and always check at which value which line lays.

- EA is already placed on chart: When I delete the lines the EA should recognize when I draw and name new lines without reloading EA to the chart.

- Of course the EA trades only at the lines with the names above and not at my other lines.

- This EA should work correctly on MeanRenko charts.

- It's possible to use long and short at the same time, so 6 lines at my chart.


Parameter:

- Magic number

- Comment

- Money management true
=> Risk of equity per trade

- Money management false
=> fixed lotsize

- Max. open trades allowed per symbol (how many trades is this EA allowed to open for every pair: default 1)





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Project information

Budget
30 - 50 USD
Deadline
from 1 to 3 day(s)