An EA with 2 trading modes based on 1 indicator

MQL5 Experts

Specification

How the EA will work:

The EA uses a Megatrend indicator (will be given to you) to determine the trend in trading. Whether to open a buy or sell trade will depend on this indicator. Take profit can be reached in 3 ways: either by a fixed amount of pips TP (with or without trailing stop), a fixed amount of money TP or when there is profit upon trend change. There are a maximum of 3 time filters where the opening of the first trade can be limited to a time zone. For example only between 08:00-13:00 a first trade can be opened.


There are 2 modes in which the EA can trade. The first mode is very simple and we will call this 'Essential Mode'. When the trend changes to bullish, the EA opens a BUY and when the trend changes to bearish it closes the buy (if it hasn't been closed by TP yet) and opens a SELL.

In the second mode, it will not close the BUY upon trend change (if it hasn't been closed by TP yet) and open a SELL trade with a higher lot size and close both trades at the same time when profit is reached, so here it will group multiple trades in case trend changes when the total is a loss.


In attachement is the full explanation and specifics. Please only apply for this job AFTER READING and understanding all requirements. Also please do not apply if you have done less then 10 jobs here.



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Project information

Budget
30 - 60 USD