Inside Bar EA for Automated Trading

MQL5 Experts

Job finished

Execution time 5 days
Feedback from employee
Good client, nice communication. I was glad work for ...
Feedback from customer
Great work; code as specified.

Specification

I'm looking for an EA that will trade autonomously on a simple Inside Bar signal.

Entry Signal:  Completion of an Inside Bar (H < H(1), L  > L(1))

Order on signal:

  • BuyLimit order at High of inside bar
  • SellShortLimit order at Low of inside bar
  • Orders expire at end of the bar following the inside bar 
    • thus both orders may be executed and hedge positions may be opened
    • and if there are sequential inside bars, the orders generated by the first inside bar will expire at the start of the second inside bar, and a new pair of orders placed at the H and L of the second inside bar

Profit Target:

  • Profit target set at 2 x ATR(3) from entry price

Stops:

  • Trailing stop at a distance of EITHER  ATR(3) * a user-input float variable, OR a pip value * a user-input integer variable
  • Stops are update PER TICK

Position Sizing:

  • Position sizing is based on the distance of the trailing stop and a user-input maximum risk per trade.  Position size = Risk Per Trade/Trailing Stop Distance






































































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Project information

Budget
40+ USD
Deadline
from 1 to 5 day(s)