Modification of an EA / trade manager

MQL4 Indicators Experts

Job finished

Execution time 1 minute
Feedback from employee
Thank you!
Feedback from customer
Very good, I would definitely hire him again. Thank you Tzvetan !

Specification

Hi,


I would like to have 3 modification made to my trade manager EA:

 1. Drawdown: The EA now has a built-in function that stops it from opening new orders when the drawdown is higher than XXX %, I would like to change this to:  Stop opening new orders when the drawdown based on current balance /current equity calculation is higher than XXX %.  I would like this changed, because I reboot my server a few times a day and I believe this will fix the problem of "forgetting" the drawdown values after a reboot of the EA. If the EA stops orders because of the drawdown calculation -> print on screen: "EA is holds new orders, because drawdown is too high". If you know of another way to solve this, that's fine too.

And I would like the EA to print the current drawdown based on the balance / equity calculation on the screen: "current drawdown is now: XXX %"


2. Hedge orders: The EA now has a function to allow hedge orders to be opened and close the opposite orders, but there's a small issue with it and it's not working. I believe the problem is  related to the built in function: "max allowed orders per pair". So when the "max allowed orders per pair" is now for example 2 and there are 2 EURUSD sell orders opened, I believe the EA will stop opening new orders for this pair, even it's a hedge / opposite order. This is not correct when it's a hedge / opposite order and the option "close opposite orders" is set to true. Because, the EA should close the opposite orders and take the new hedge order. And I would like to have the EA write a comment to the closed hedge order: "closed because of opposite hedge order"


3. Spread filter - Do not open specific order if spread is higher than average spread based on the spread of the last 2 weeks of that specific pair.

If the spread filter stops opening new orders because of the spread filter -> print on screen "PAIR XYZ is not opened because of the spread filter"

+ user input for spread filter: Use spread filter: true / false


Thanks for reading



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Project information

Budget
30 - 50 USD