MT4 EA for Buy and Sell Stop Strategy

MQL4 Experts

Job finished

Execution time 4 days
Feedback from employee
Thanks again for the opportunity!
Feedback from customer
Felix did an outstanding job on my MT4 EA.

Specification

For MT4...

I need an EA that will open both a BUY STOP and SELL STOP when applied to the chart. The price of the buy and sell stop will be an input. 

When one STOP is triggered, the other stop will increase in risk. It will not multiply. The increase in risk will be an input and be based off of percentage of account.

There should also be an input for the distance of the SL in points. The TP should be a risk to reward ratio (input).

The EA should only allow for a total of TWO positions (the initial trigger plus one). See attached.

The distance between the buy and sell stop should be measured in points (input). The SL will also be an input, measured in points.

The TP will be based off of an input risk to reward ratio (Input).

Will also need a set time in UTC to close all positions.

Here are the inputs...

Input: Magic Number

Input: SELL STOP

Input: BUY STOP

Input: Distance Between Stops (In points)

Input: Risk Percentage (Percentage of Equity)

Input: SL Distance from Each Order (In points)

Input: TP Risk to Reward Ratio 

Input: Increase of Risk for Reopened Order (in percentage of equity)

Input: Close all Orders (HH:MM in UTC)

Once the TP is triggered, the EA should delete pending orders and stop all future orders.

I will also need the source file once completed.

Files:

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