Simple trading robot

MQL5 Experts

Job finished

Execution time 22 hours
Feedback from employee
Great client as always!
Feedback from customer
Amazing work, very patient and precise with the coding

Specification

Indicator in use: Bollinger Bands

Mechanism:

(See diagrams provided for help)

Sells:
1. Trigger candle: When candle low is above the top Bollinger band - accurate to the point scale (e.g. On EURUSD if candle low is 1.07915 and the value of top bollinger is 1.07914 - this is a sell signal)
2. Enter sell ONLY on the next candle if price breaks below the trigger candle LOW (using the e.g. above- if next candle price moves below 1.07915, enter a sell)
3. Stop loss is the top of Trigger candle + spread at the time of entry + extra points buffer [see below]
4. Take profit is % of distance between outer bollinger lines (input two digit % value) (see diagram provided)
5. Different options available for moving stop loss to Breakeven etc. - see Features below 


Buys:
1. Trigger candle: When candle high is below the bottom Bollinger band - accurate to the point scale (e.g. On EURUSD if candle high is 1.07915 and the value of top bollinger is 1.07916 - this is a buy signal)
2. Enter buy ONLY on the next candle if price breaks above the trigger candle HIGH (using the e.g. above- if next candle price moves above 1.07915, enter a buy)
3. Stop loss is the bottom of Trigger candle + spread at the time of entry + extra points buffer [see below]
4. Take profit is % of distance between outer bollinger lines (input two digit % value) (see diagram provided)
5. Different options available for moving stop loss to Breakeven etc. - see Features below 


Key point: As I want the SL to include the spread, the entry and exit of the trades must match what is shown on the chart based on the strategy.


Trade Entry Settings:

1. Lot size per trade by two options:

Option 1 - Lot size (allow 2 decimal places) (default 0.01)

Option 2 - Risk % (Risk % of equity based on the SL size  Allowing for 1 decimal place (X.X%)


2. SL buffer (extra room to add to SL) - ON or OFF

Option - Points (default 0)


Trade Management Settings

1.  Minimum and maximum allowed SL size (in points)

Option 1 - Min SL size in points

Option 2 - Max SL size in points


2.  Minimum and maximum allowed trigger candle size (in points)

Option 1 - Min size in points

Option 2 - Max size in points


2. Move SL to break-even option - ON or OFF

Option 1 - After 'X' pips (default 0)

Option 2 - After 'X' ratio of SL size (e.g. 0.5 means after position moves by 0.5 of trigger candle length- move SL to BE)


3. Trailing Breakeven option - ON or OFF (Important - If this feature is ON, then Option 2 above must be disabled)

This option means that the SL will trail step by step by 'x' points but only up to the Break-even point and will start immediately when the trade is executed.

Input: Trailing step in points


Operating Features:

1. Option for Stop loss and Take profit to be virtual - managed by the EA and not placed in the broker orders - ON or OFF

2. Time period (XX:XX to XX:XX) for no trading - ON or OFF

3. No trade if spread is larger than size of SL - ON or OFF

4. Max spread settings (default 0 points) - only allow entry to be taken if spread is lower than this

5. Show Bollinger band settings 

6. Identify Trigger candles with a blue dot above or below the trigger candle - ON or OFF




Files:

PNG
EA-Diag1.png
38.9 Kb

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Project information

Budget
80+ USD