BNM-Multi-Currency Trend EA

MQL5 Experts Forex

Specification

I have an EA code already written but it is not doing what I want it to and needs some modification:

Current EA Code:

============== 

1) This is a multi-pair Trend following Mql5 EA that uses the Bollinger Band and Parabolic Sar, as indicators. Taking an entry only after a break and retest of a trend but can take a continuation trade following the trend with price remaining above or below the mid bollinger band and a parabolic sar dot remaining above or below the candle depending on the direction of the trade. EG. If a BUY entry will be taken, after a break to the up side and retest with the new low higher than the previous low, and price closes above the mid bollinger band and a parabolic dot appearing below the closed candle, then an entry should be taken. A continuation trade does not need to have a break or retest as long as TP is hit and price still remains above the mid bollinger band and a parabolic dot below the current candle a continuation entry can be taken.

2) Takes a BUY / SELL entry when price closes above or below the mid-bollinger band with a parabolic dot appearing above or below price on the 30 minutes Time Frame (TF).

3) TP and SL are both 30 pips. With a beginning lot size of 0.01

4) It has a cumulative TP. If the total profit of all running trades reaches the target, it closes all trades else it closes the individual trades when the TP / SL is hit.


This works well so far but does not fulfil other expectations which is what I look for help with modification in the following ways.

When the TP or SL is hit, the following should happen:

1) If the TP of the first trade (original entry with the 0.01 lot) is hit, then an entry is made in the direction of the continuation trend with 0.5 lots and a 30 pips TP/SL. If this second trade is lost then a third entry is made with a 1 lot in the direction of the reversal with 30 pips SL / TP. What ever happened with this third entry, (regardless of how it was closed) it goes back to the original cycle entry with a 0.01 lot and starts the cycle of possibly three entries over again.

2) If the SL of the first trade (original entry with the 0.01 lot) is hit, then an entry is made in the direction of the reversal with 0.5 lots and a 30 pips TP/SL. If this second trade is lost then a third entry is made with a 1 lot in the direction of the reversal with 30 pips SL / TP.  What ever happened with this third entry, (regardless of how it was closed) it goes back to the original cycle entry with a 0.01 lot and starts the cycle of possibly three entries over again.

NOTE:

1) If the second trade is won, then  it goes back to the original cycle entry with a 0.01 lot and starts the cycle of possibly three entries over again.

2) This EA has an expiration date and tied to a trading account number for both DEMO and Real account version.

3) Lot sizes (first, second and third entry), SL / TP, Trading Period Time (London / New York session) and Profit goal should should all be modifiable entries in the settings.

4) This EA should have news filter in it with Forex Factory.

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