Freelance service at MQL5.com: Semi-grid Trap System Needed

Job finished

Execution time 126 days

Description

Specification

PLEASE MAKE SURE YOU READ EVERYTHING BEFORE MESSAGING OR APPLYING

Semi-grid Trap System

EA Concept:

The idea is to setup a trap at a specific price level. A number of horizontal lines (referred to as grid) will be placed by the EA above and below a certain price level (default is current price level) and these grids will catch volatility in either direction, almost like a 'trap' in either direction. ESSENTIALLY, THERE ARE 2 KINDS OF GRID. 'MAIN' AND 'ORDER'.

PARAMETERS:

*Initial Reference (Default at 0, which is current price level)

- We will input exact price level for reference of where main grids will be placed, or default at 0 which will be the current price level. The EA will then set grids above and below this price level with the "Main Grid Gap" indicated (number of pips between each grid starting from the initial reference).

- If a specific price level is placed in this parameter, the EA WILL WAIT for the price to reach that level before placing any grids.

*Main Grid Levels -

- This is the number of levels the main grid will have above and below the "Initial Reference". By default it is set to 2, which means there will be a total of 4 main grids, 2 above, 2 below. The gap between these grids will be set by the "Main Grid Gap" parameter.

*Main Grid Gap -

- This is the gap for the Main Grids. The reference point will be determined by the "Initial Reference" parameter which is a price level. (ex. if set to 50, and parameter 'Main Grid Levels' is set to 2, then the EA will place 2 grids above the price 'Initial Reference' and 2 grids below it, with distance equal to 50 pips from each other.)

*Order Grid Gap -

- These are essentially pending buy and sell order placed above (buy) and below (sell) the main grid whenever that main grid is triggered.

- Although these act as PENDING ORDERS, these will be INVISIBLE TO THE BROKER but VISIBLE IN CHART (a non-unlockable and non-movable line).

- This is the gap for the Order Grids created by the EA when the price hits a Main Grid. This determines the distance between the buy order grid gap above its main grid and the sell order grid gap below the same main grid.

- When an order grid buy is triggered/opened, the order grid sell for that MAIN grid is deleted and vice-versa. This is to make sure than when the triggered/opened order is closed, there are no order grids open and the main grid is again ready to take another interaction trigger (SEE NEXT PARAMETER).

*Interaction Limit *VERY IMPORTANT*

- This is the limit in which a Main Grid can be triggered AGAIN and thereby opening a new set of order grids.

- A main grid can only be triggered when there are NO ORDER GRIDS OR OPEN ORDERS for that MAIN grid.

- 1 Trigger is 1 interaction. If this parameter is set to 10, all MAIN grids can only be triggered 10 times.

- If set to 0, then there is no interaction limit and all MAIN grids can be triggered as many times as long as there are NO ORDER GRIDS OR OPEN ORDERS for that MAIN grid.

- There is no expiration time for Interaction, as long as the limit isn't reached, and are no pending open orders for a main grid, it can be triggered again.

*Lot Size

- Trade lot sizing when an ORDER grid is triggered.

*Breakeven (Dropdown option)

- Disable/Enable.

*BE Trigger (If Breakeven is enabled)

- The number of positive pips the price has moved from entry.

*BE distance

- If set to 0, the BE will be moved to entry price, otherwise, this will be the GAP from the entry price NOT from the current price. (ex. if 'BE trigger is set to 50 and this parameter is set to 10 and an open order reaches positive 50 pips, the SL for that order will be moved 10 pips positive from ENTRY price).

*Stop Loss

- Initial stop loss set for open orders.

*Trailing SL (Dropdown option)

- Disbale/Enable

*Trailing SL Trigger (If Trailing SL is enabled)

- The number of positive pips the price has moved from entry.

*Trailing SL Distance

- While 'Breakeven' is measured from the ENTRY price, Trailing SL will be measured from the CURRENT price. (ex. if 'Trailing SL Trigger' is set to 100, and this parameter is set to 50 and an open order reaches positive 100 pips, the SL for that order will be moved 50 pips from the CURRENT price).

*Profit Close (drop-down option)

A) Disable - This parameter is disabled

B) Balance Percentage - All orders from the EA will be closed according to the current balance. (Ex. If set to 10, and balance is 1000, the EA will close all orders it opened when it reaches 100, which is 10% of 1000.)

C) Floating - All orders from the EA will be closed according to floating P/L. If set to 100, then the EA will close all orders it opened when the floating profit reaches $100.

*Balance Percentage

- Value for 'Profit Close - Balance Percentage' if that option is chosen.

*Floating

- Value for 'Profit Close - Floating' if that option is chosen

*Start Time (Broker server time)

- This is the start time for the EA.

*Close Time (Broker server time)

- This is the time that the EA will be disabled. The EA will close all open orders regardless of floating P/L before being disabled.

***IMPORTANT ADDITIONAL RULES***:

1. The MAIN GRID Levels should be horizontal line objects on the chart that CAN BE MANUALLY MOVED (can be locked and unlocked). So basically, once the EA is applied on the chart depending on the parameters, the Main Grid Levels will be applied on the chart, and then those levels/lines could be moved manually.

2. All the Main Grid lines (objects) should have its own corresponding INTERACTION COUNTER to keep track of how many times it has been triggered. Take note that a main grid line can only be triggered if there are NO ORDER GRIDS OR OPEN ORDERS for that MAIN grid.

3. ONLY the Main Grid lines can be moved. ORDER GRID LINES ARE LOCKED AND CAN'T BE MOVED, THEY SHOULD ONLY BE VISIBLE.

4. When an order grid buy is triggered/opened, the order grid sell for that MAIN grid is deleted and vice-versa. This is to make sure than when the triggered/opened order is closed, there are no order grids open and the main grid is again ready to take another interaction trigger.

5. When the EA is removed, ALL GRIDS ARE REMOVED ONLY ON THE CHART IT WAS REMOVED FROM.

6. Magic numbers are pretty standard when it comes to EAs, but just to make sure, the EA should have it's own way of telling it's own orders in the event that it's attached to multiple charts.

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