Trend Follower Pyramid

MQL5 Experts

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Execution time 1 day
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Specification

Dear Sir or Madam,

 

I am looking for developers to program an Expert Advisor for Metatrader 5 with the following specifications:

EA Name: Trendfollower_Pyramid_VALOH_Viktor

Asset: US500

Timeframe: 1h

Indicators: EMA 200, EMA 50 (adjustable)

Position Size: x% of the risk of the balance (adjustable)

Entry Logic: When the price is above the EMA 200 and the EMA 50 is rising, open a BUY position. A maximum of one new series per day. Long only.

Pyramidization: Buy every full hour starting at hour 4 (adjustable) with the same lot size as at the beginning if the trade is profitable. Maximum of 100 positions (adjustable). Maximum margin utilization x% of the total (adjustable).

Stop Loss: Swing Low of the last 7 candles (adjustable).

Exit logic: Stop loss for one position,

for 2 positions, x% (adjustable) equity drawdown only from the profit of this series,

for 3 positions, x% (adjustable) equity drawdown only from the profit of this series,

for 4 positions, x% (adjustable) equity drawdown only from the profit of this series,

for 5 positions, x% (adjustable) equity drawdown only from the profit of this series,

from the 6th position, x% (adjustable) equity drawdown only from the profit of this series,

if the above criteria are not met, close all positions when the EMA 50 is pointing down.

Always close all positions simultaneously.

Display in the chart bottom left:

Profit of the series

SWAP of the series

Total profit of all trades with the same magic number

 

The EA should have an emergency stop if the equity falls below x% (adjustable). After that, no further trades should be opened until manually reinstalled.

 

Best regards


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Project information

Budget
100 - 150 USD
Deadline
to 14 day(s)