Freelance service at MQL5.com: MT5 EA

Description

Specification

The funtionality of the EA

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This EA adds trades in positive direction.

The EA starts with a set trade with set lot size in set direction which is defined in setting by trader.

Each trade has a SL and the SL placed on set conditions .

1. Each addition trade is taken when the set conditions are met with a regular lotsize.

2. The EA closes ALL trades in session when a SL of last trade is hit and place a new trade in the OPPOSITE direction of last trade with set lot size.

The SL of the previous trade trails to its entry Position (+) when the next trade is taken . + is a varible define in settings

When the SL hit ( even with single trade only) , The EA reverse the direction and take a trade with regular lot size .

All trades are using a set lot size which is defined in setting .

Adding trade conditions

After taken the initial trade, the EA monitors the candles and take a next trade only

1- on the opening of following candle when the Z consecutive candles are closed in the same direction of the last trade ( Z being a numerical count of consecutive candles define in settings)

2- if the distance between Ask and previous order open price is more then Y points.Y being a variable defined in settings .

Setting conditions for SL

If it is a Buy order, the SL will be X points below the recent low of the price .( X being a define variable in settings)

If it is a Sell order, the SL will be X points above the recent High of the price ...

1-Limiting the number of trades in profit to 3 trades only .

closing trades

When the 3rd trade is taken in postive , close all trades in profit and open a new trade of regular lot size in same direction .

2- Increasing the lot size

Every time an SL hit and we take new trade in opposite direction , count the number of lot sizes of previous trades which are closed and take a new single trade in opposite direction with increase lot size ( closed trades total lot sizes * lot factor)

i.e the previously closed Buy trades total lot size was 0.04 , then the new single trade will be a short trade of 0.08 lotsize if lot factor is defined as 2 .( 0.04* 2= 0.08)

3- When the session trades take loss on the SL hit

A- EA add all losses together and get a dollar amount, monitor for the profit trade.

B- When the profit starts to build, compare the profit with amount of loss in the session .

C-Close all trades when the profit doubles the amount of loss at anytime ,take a new trade of regular lotsize in the same direction of last trade and continue on with the EA.

This is TP overall profit option which is set by trader in setting as an option and variable in $ amount

Following are variables in setting

1-Direction to open the First trade Buy /sell

2- Stoploss X points from nearest high/low (Numeric value)

3-Next trade distance x consecutive candles in our direction ( Numerical value)

4-Number of consecutive candles to open new trade ( numerical value)

5-Start Time

6-End time

7- Lot size ( from 0.01 to high numbers )

8- Distance between the entry point and sl trail postion in profit ( Pips)

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