Freelance service at MQL5.com: Ea trailing stop for 1 or more orders

Job finished

Execution time 3 days

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very nice and kind

Description

Specification

I want to do 1 ea trailing stop for 1 or more orders.

Rule: only count on 1 currency pair (not for every open currency pair but only for each currency pair)

- * Average price = (price 1x size lot1 + price 2 x size lot2 +...+ price N x size lotN) / (size lot1 + size lot2 +...+ size lotN).

- * If the total selling price 1 x size lot buy1 + selling price 2 x size lot buy2 ... > buy price 1 x size lot buy1 + buy price 2 x size lot buy2 .... --> then the direction beneficial will be the price drop

- * If the sum of buying prices 1 x size lot buy1 + buying price 2 x size lot buy2... > selling price 1 x size lot buy1 + selling price 2 x size lot buy2 ... --> then the direction is The benefit will be an increase in prices

1. SL: Initial SL for each individual order

2. Trailing stop start: the starting point of the trailing stop, that is, when the price moves a point from the order price to the beneficial side, the trailing stop will start: a point (the yellow horizontal line can be shown on the chart).

3. Profits lock: b points. If the price moves a point from the order price to the beneficial side, the SL will be moved to b points, locking the profit at b points.

4. There will be only 1 SL put together for all orders according to the Price Average when the Average runs to the Trailing stop start. All orders will use the same SL, not separate SL for each order

5. trailing stop: c point

6. trailing stop step: d point. After the SL is placed at Pips lock, if the price moves further in favor of c points, then move the SL by d points to increase the locked profit.

7. IMPORTANT: Trailing stop start a value and Pips lock b value will automatically change according to the number of open positions at that time. When there are N open positions, Trailing stop start = a*N points and Pips lock = b*N points.

8. IMPORTANT: trailing stop and trailing stop step are always fixed according to the setting, regardless of the number of open positions

9. For example, when there is an order, if the price runs a point, the SL will be placed at b points, but then opens 1 more order, the total at that time is 2 orders, then there will be 2 open orders --> On average, the price runs 2a points, the SL is placed at 2b points, after the SL has been placed at 2b, if the price runs more c points, the SL is moved by d points.

10. If more new positions are opened, ea immediately recalculates Trailing stop start, profits lock and resets SL if Trailing stop start has been reached or deletes SL and waits if Trailing stop start is not reached.

11. All parameters are in POINTS, 5 characters for currency pairs

For example:

Settings: SL 5000, Trailing stop start 1000, profits lock 500, Trailing stop 200, Trailing stop step 100

There is an order to sell 1 EU lot at 1,00000 SL1 is 1.05000, then the price increases to 1.00500, then I place an order to sell 2 lots at 1.00500 SL2 is 1.05500. The average price is 1.00333. If price runs (1.00333-1000x2) to 0.98333 then SL2 and SL1 will both be SL = 0.99333 (1.00333-500x2). If price runs (200 points) to 0.98133 , then SL will move to 0.99233 (100 points).

However, when the price is at 0.98133 I place an order to buy 5 lots. When averaging the price by 0.98958 (0.98133x5 > 1.00500x2 + 1,00000x1) --> the favorable direction is bullish. The new Trailing stop start price will be (1000x3) 1.01958 --> delete the old SL (0.99233). On the rise to 1.01958, the SL is 1.00458.

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