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Develop an EA that will enter positions if length of immediate previous candlestick hit or exceeds a predefined value and close position at the end of the respective candlestick

MQL5 Experts Trading robot/indicator debugging Strategy optimization Statistics and mathematics C++ Strategy modules

Job finished

Execution time 1 hour
Feedback from employee
Excellent customer. Thank you for the order, it was a pleasure working with you.
Feedback from customer
Good work, good communications, timely submission

Specification

1)           The EA will be in MLQ5 language and should be able to run continuously on the VPS and should be able to trade any instrument. The source code and rights will automatically remain mine.

2)           This order is inclusive of at least one day of trial on VPS to confirm that EA does correct order placement

3)           The EA should be able to run in multiple timeframes especially M1, M2, M5, M15, M30, H1, H2, H4 and H8

4)           The main idea behind the EA is to test the bar length of the immediate previous bar ie length (Close minus Open) and compare it to a predefined Cut-off Value. If bar length, Close - Open, is equal or more than Cut-Off Value, then the EA places an order with specific calculated stop loss value which is a percentage of the length of the immediate previous bar

5)           I should be able to select the Cut-Off Value at the start of running EA. And the cut-off value should be a direct value of the traded instrument e.g. if EURUSD cut-off is 0.9 then it means that this value is direct comparison to the instrument value without converting in pips or points


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Project information

Budget
30+ USD
Deadline
from 2 to 4 day(s)