EXPERT TO TAKE BIDS USING MARKET DIRECTION AND DISTANCE

MQL5 Experts

Job finished

Execution time 14 days
Feedback from customer
Douglas has shown his skills and confidence as a developer. He is one of the few to go the extra mile to get the work done. I am over impressed and highly recommend him ALWAYS.
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He is a very great client, gives accurate detail on jobs and makes it very easy to execute any job, a very patient individual and cool to work with.

Specification


Hello,


I am looking for serious and talented Immediately available programmers who can help me develop this Expert. 

I want to create an expert which is logic of activating trades at two predicted positions at the beginning of installation. The trades will activate at a distance from lowest price till it reaches the highest or expected distance before it closes the trades. it will activate opposite trades at a variable to be determined by the distance between the highest and lowest prices or target distance and the number of lock up bids to take,  so for example if distance is 2 and lock-up bid is 4, then it will take a lock up bid every distance of 0.5 until in reaches 2 and then after 2 when the market each the extreme, then it closes all bids. if however at the start of the Expert the first bid activates and market reverse to the opposite side to activate the bid at the opposite side, then it will activate the bid at double lot size of the first bid continually until it doesn't connect with each other again, after which it follows the earlier rule of direction and lock up positions. so for example if start High is 100 and Low is 80 and the distance to be achieved is 50,  if the expert is installed when price is at 90, then if it goes upwards and reaches 100 to activate a BUY bid and gets to 110 at Highest and then reverts back downward, then it is expected to reach 60 downwards before it closes the trades based on the Highest price of 110 and distance TARGET of 50. if price falls to 80 then it will activate a bid of double lot size of first one at 100 and then it continues to take the reversal bids using the normal rule of distance and reversals. However the distance still remains the distance between the two extreme prices of HIGHEST and LOWEST. So once the gap is achieved it closes all trades at same time.

 if price goes three-way direction before it reaches the maximum gap the rule will still follow as above by increasing the lot size again at 100 if price goes back upwards the second time after activating the SELL bid at 80, else it only goes to activate the bids at 110. if a SELL has activated below the BUY bid at 100, then it wont activate any other BUY bid at 100, but will follow RULE ONE until it reaches the maximum distance and then close the trades.

EXAMPLE


 

 

From the Diagram above, HIGH and LOW price were set at beginning of robot with current price in between. Market goes upwards to activate a BUY at Position 1, and also a SELL (S) between position 1 and 2. Price then FELL downwards to Position 3, to reverse from Upwards direction and then activates a SELL at 3, with a double lot size of BUY at position 1.

Market then Fell downwards to activate 2 BUY bids below the SELL, but because it didn’t reach the Maximum Distance, it went back up again to Position 4 and then 5. So to determine where to take the next bid between 4 and 5 is if bids activated at 3 then It will BUY at 4, else it will BUY at 5 (being the last time HIGHEST) upwards.  And bids will continue to 6, where it will close after reaching the TARGET DISTANCE between LOWEST and HIGHEST.

EXPLANATION

Using the picture above, let's take a starts price at 100 and low price at 80, and the START price at 93 then price goes up to point one at 100,  it activates a BUY say at 1.0 lot size then it goes up to 104 and activates a SELL at 0.3 lot size and after reaching point two price falls downwards to point three at low position or (can even start from the START PRICE)

CONTROL- when SELL activates at 104 a backup SELL can be placed at the LOW PRICE of 80 or at the START PRICE of 93 so at point three we have 2 bids- BUY at 100 and SELL at 104.

SELL point three should be moved from low price of 80 to start price of 93 once the first SELL is activated at top of BUY so if SELL activates at point three at price 80 or above 3 at start price 93 with a lot size of 0.3 it comes down to 65 it means at highest of 105 it has achieved only 50 out of 80 gap. It will start BUYING below the SELL at point three position the expert activate buy at 78 and 68 before getting to lowest of 65 and then goes upwards again to point four/ point five at price of 104/ 105,  it can activate a BUY at Either position or even at the low price of 80 below point four when the market is moving upwards and after activating the BUY it will be at lot size of 2.0 if the multiplier is Double and it will take SELL position above the 105 for example at 115, 125 and 135 and market target will be 65 (Lowest Price) +Gap (80)  = 145 (TARGET) and close all bids at 145. Each side at top or bottom of the START PRICE will protect their bids to make each side profitable if markets changes direction away from it, So which means if BUY activates at 100 and goes upwards then that position will try to achieve it profit by buying upwards and taking SELL at the top of the BUYs and if the market should reverse downwards then the experts will  SELL downwards  starting from the START Price and will BUY at lower lot size below the SELL bids. so that will be the logic to achieve maximum profit position for the robot.

Thank you


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Project information

Budget
30+ USD
VAT (23%): 6.9 USD
Total: 36.9 USD
For the developer
27 USD
Deadline
to 10 day(s)