Grid EA

MQL4 Experts

Job finished

Execution time 39 seconds
Feedback from customer
Outstanding coding skills, great communication, highly recommended!
Feedback from employee
Clear specifications, good job. Thank you!

Specification

I want a grid EA for MT4 that looks like this:

It places an order immediately once the EA is attached to the chart.
It then places another order (grid) at a specified number of pips.
Lot increase is to be specified.
Take profit to be specified (in currency, dollar or euro).

Example:
initial lot (0.10)
lot increase (0.01)

grid spacing: 10 pips

If the initial trade does not reach the profit target, the grid would look like:

1. 0.10 (price 1.0000)
2. 0.11 (price 1.0010)
3. 0.12 (price 1.0020)
4. 0.13 (price 1.0030)
5. 0.14 (price 1.0040)
6. 0.15 (price 1.0050)
7. 0.16 (price 1.0060)
8. 0.17 (price 1.0070)
9. 0.18 (price 1.0080)
etc. etc. etc.

Another example:
initial lot (0.20)
lot increase (0.02)
grid spacing: 15 pips

If the initial trade does not reach the profit target, the grid would look like:

the grid would look like:
1. 0.20 (price 1.0000)
2. 0.22 (price 1.0015)
3. 0.24 (price 1.0030)
4. 0.26 (price 1.0045)
5. 0.28 (price 1.0060)
6. 0.30 (price 1.0075)
7. 0.32 (price 1.0090)
8. 0.34 (price 1.0105)
9. 0.36 (price 1.0120)
etc. etc. etc.

Other inputs:
Magic number
Spread filter

Once the trade cyle is finished, the EA places another order and the grid starts again. It an "infinite grid" so to speak.

IMPORTANT: each profit target is net of fees and swaps.

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Project information

Budget
100+ USD
Deadline
from 1 to 3 day(s)