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Rules
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Specification
I would like to develop an experimental EA to see if the logic works - it will be developed further if it works ok. The EA is based on a single indicator using a variation of the Tenkan-Sen and Kijun-Sen lines (from Ichimoku) with option to use HalfTrend line for exits only. The parameters required for the EA are stated below. Trading logic will be provided only to selected freelancers but is quite simple and straight forward.
1. Trades to open when signal candle closes.
2. When trade open, place SL at previous high/low + buffer - e.g. 20 points.
3. Option to set breakeven with buffer - e.g. BE +5.
4. Option to set trailing profit - e.g. constant 50 point behind price (like MT4 platform)
5. Hedge trades allowed - max open trades each side to be specified by user.
6. No consecutive Buy and Sell trades - must be Buy-Sell-Buy-Sell-Buy-Sell...
7. Must have 2 time periods to start and stop EA.
8. Max Profit = e.g. 100. If max profit target achieved EA must shut down and restart only next day.
9. Max Loss = e.g. 50. If max loss reached EA must shut down and restart only next day.
10. Order types - Market - Pending Stop - Pending Limit Buffer for Limit/Stop Orders = e.g. 50 points.
11. Limit/Stop Orders must close after 3 bars if trade not entered.
12. Alert when trade open/close.
13. Magic number and trade comment.
14. Trade exit if:
- TP or SL hit;
- Trailing stop hit;
- Price closes above (for sell trade) or below (for buy trade):
- HalfTrend Line; or } Option to be
- Cloud } selected by User.
A few additional points may be added in the final parameters and must be included in the bid price.
Freelance to deliver mql4 file at end of the project and all copyright will belong to me. Please do not bid if these terms are not acceptable to you.