Specification
✅ MT4 EA Developer Checklist (For Your Ladder EA)
1️⃣ Indicator Integration
EA reads signals from provided custom indicator (.ex4 or .mq4)
Detects “Buy Next” / “Sell Next” signals on current candle
Works with arrow-based or buffer-based signals
2️⃣ Next Candle Execution
EA does not trade on the candle where the signal appears
Orders placed only at first tick of the next candle
Timeframes supported: M1, M5, M15, H1, etc.
3️⃣ Step / Ladder Trading
Maximum trades per signal = 10
Take Profit per trade = 10 pips (adjustable)
Distance between trades = 10 pips (adjustable)
Option A: All orders placed at once
Option B: Step-by-step, next trade triggers after previous one executes
4️⃣ Stop Loss & Risk
SL per trade adjustable
Lot size adjustable (fixed or % of balance)
Optional trailing stop implemented
5️⃣ Trade & Order Management
Max trades per day implemented
Daily loss limit implemented
Daily profit target implemented
Equity protection implemented
Basket close option implemented
Cancel opposite orders if needed
6️⃣ Trend / Signal Control
Only trade in one direction per signal
EA resets after max trades or signal ends
7️⃣ Inputs / Settings
Lot size
Risk %
SL / TP
Number of trades
Distance between trades
Pending order type
Execution mode (Option A / B)
Magic number
Trading hours
Max spread
Slippage
Pending order expiry
Daily loss limit
Daily profit target
Max trades per day
Drawdown limit
Basket close profit/loss
8️⃣ Broker & Performance
Works on 4-digit and 5-digit brokers
Handles order errors properly
Avoids duplicate or repeated trades
Efficient, no overtrading
9️⃣ Deliverables
Compiled EA (.ex4)
Source code (.mq4)
Installation guide
Demo/test version
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