I need a simple breakout EA (no indicators) for Metatrader 5

MQL5 Experts

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Execution time 3 hours
Feedback from customer
Best devoloper in MQL5, just go with him and be happy
Feedback from employee
Great client.

Specification

I need an EA to execute trades based on my breakout strategy. It's a simple EA that doesn't use indicators, just price action and places pending orders. Some rules must be followed for the strategy to be executed.

The EA must include:

  • Fixed lot: This means that the EA will always trade with the same fixed lot size, regardless of market conditions. This can be a good option for traders who want to avoid risking too much capital on any one trade.
  • Variable lot (based on balance): This means that the EA will adjust the lot size based on the trader's account balance. This can be a good option for traders who want to manage their risk more closely.
  • Magic number: This is a unique identifier that is used to distinguish between different orders placed by the EA.
  • Fixed stop loss, technical stop loss, or percentage stop loss: The stop loss order is used to limit the trader's losses in case the trade goes against them. The fixed stop loss is a predetermined amount that the price must fall below before the order is executed. The technical stop loss is based on a technical indicator, such as the moving average. The percentage stop loss is a percentage of the trader's entry price.
  • Fixed take profit, technical take profit, or percentage take profit: The take profit order is used to lock in profits when the trade goes in the trader's favor. The fixed take profit is a predetermined amount that the price must rise above before the order is executed. The technical take profit is based on a technical indicator, such as the moving average. The percentage take profit is a percentage of the trader's entry price.
  • Trading hours (start and end): This specifies the time period during which the EA should be active.
  • Time to close all open trades: This specifies the time at which the EA should close all open trades.
  • Max number of trades per day: This limits the number of trades that the EA can open in a single day.
  • Trailing stop and step: The trailing stop is a dynamic stop loss order that follows the price as it moves in the trader's favor. The step is the amount by which the trailing stop is adjusted.
  • Max spread: This is the maximum difference between the bid and ask prices that the EA is willing to accept.


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Project information

Budget
30 - 100 USD
Deadline
from 1 to 5 day(s)