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How to Order a Trading Robot in MQL5 and MQL4
See a sample Requirements Specification to order a robot
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Specification
Metatrader 5 EA
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Variables
Stop loss : x pips (Distance in Pips), 10 pips plus ,minus the most recent bottom or top of lowest low or highest high , depending on either it is long or short trade.
Next trade : Y pips ( Distance in Pips); Y= Adding in positive on an opening of 4th candle ,after a 3rd consecutive candles close in the same direction .... Not a fixed pip distance.
Z= Trade size
At the opening of EA, the trader will select either short or long trade to start the EA.
If the last Z trade goes in to profit = Y pips
Then
Add another Z trade in the same direction .
If the last trade goes in to loss = X pips and stop loss hit.
Then
Add another Z trade in the reverse direction and close all other open trades ( if any)
Each trade will have stop loss, x pips.
As soon as the next trade is taken , the SL should trail to the entry position of last trade.
There is no profit target of any trade , however, all trades must be closed whenever
the last trade hit the stop loss and the next trade will be taken in opposite direction .
EA must have a time schedule for start and stop session time .
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Project information
Budget
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Deadline
from 1 to 3 day(s)