FreelanceSections

Loss Governing EA

MQL4 Indicators Experts

Specification

Hi!


This EA will govern the trades made by several EA's trading in the same account.


The problem this solves is that there is a maximum daily loss allowed and this cannot be breached.


It's the rules for the proprietary trading firm FTMO, please see here for the rules https://ftmo.com/en/#maximum-daily-loss


With several robots running, this needs to govern the orders to avoid violating the Max Daily Loss, it may be a rare occasion due to risk management but this is the pending power to protect against worst case scenarios when they happen. It's vital it works perfectly. It needs a built in trade taker in order to test the conditions in the backtester.


If losing open positions are carried over to the next day that will violate the max daily loss because profitable closed positions are not carried over, so we anticipate this just before the day ends by closing trades. Again please read the example in the link above.


We can't violate the Maximum Loss, so this turns of auto trading at that condition.


It can't keep trades open over the weekend either, this will close according to the time on Friday.


It needs to be aware of time and will be adjustable with an input to offset to CET.


All this needs to displays this on the chart, I have a layout for that.


I have a specification and design already fully made out.

I have an old version which I wasn't confident worked, couldn't verify, but have learnt from. I can provide it as reference but don't want it to muddy how we make this one.

If you're experienced with those areas and feel you have the heart to take the time to make this well, please reach out.

I'm open to suggestions and discussions on how we make it solve the problem.

I would prefer it if you speak native or fluent English.

Chris


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