FreelanceSections

EA Daily Breakout

MQL5 Experts

Job finished

Execution time 23 days

Specification

Here's a daily breakout strategy that involves placing two pending orders based on the previous day’s opening and closing prices.

The strategy includes buying when the high closing price is crossed with a trailing stop and selling when the low closing price is crossed.


Strategy Overview:


Pending Orders:
Buy pending order at the previous day's closing price (when the price crosses above the high of the closing price).

Sell pending order at the previous day's closing price (when the price crosses below the low of the closing price).


Trailing Stop:

A trailing stop will be applied to the buy order, and a fixed stop loss for the sell order can also be applied.


Steps for the Strategy:
Retrieve the previous day’s open, close, high, and low prices.
Place a buy pending order just above the previous day’s closing price and high.
Place a sell pending order just below the previous day’s closing price and low.
Apply a trailing stop for the buy order, following the price as it moves in Favor of the trade.

Trigger the orders when the price crosses the respective levels.



Files:

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Screenshot_2024-12-15_152128.png
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Project information

Budget
30 - 100 USD
Deadline
to 15 day(s)