I want channel ea for mt5. Order for waqas haidar

MQL5 Experts

Job finished

Execution time 2 hours
Feedback from customer
Waqas haidar ji best service ever on mql5
Feedback from employee
Excellent person his requirements were to the point

Specification

Strategy Breakdown

1 Channel Setup: The EA uses a fixed Buy Line (Support) and Sell Line (Resistance). The distance between these lines is the core unit (Distance = SellLine - BuyLine).

2 Execution: * When price hits the Buy Line, it opens a Buy trade targeting the Sell Line.

When price hits the Sell Line, it opens a Sell trade targeting the Buy Line.

3 Dynamic Stop Loss Scaling: * The EA tracks consecutive Take Profit (TP) hits using an internal counter (⁠tp_count⁠).

The active trade uses an SL equal to ⁠tp_count * Distance⁠.

The opposite pending order uses an SL equal to ⁠(tp_count + 1) * Distance⁠.

If a trade hits its Stop Loss, the counter resets.


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Published: 3 articles, 26 codes
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Project information

Budget
30+ USD