Develop an EA using the stochastic indicator

Specification

New Ea using stockastic indicates

 

 

Conditions to buy

At start time e.g 2:00am, if the main line is below the 50 level of the stochastic indicator; enter buy position. 

 

Conditions to sell

At start time e.g 2:00am, if the main line is above the 50 level of the stochastic indicator; enter selll position. 

 

Feature:

1.Add start time 

 

2.Add stop time e.g 9:00pm( stop time is when the trade will close irrespective of the SL or TP level.

 

3. Add numbers of trade the Ea can take in a day. If it’s 1 then no other trade for the rest of that day until the next day.

 

4.When trade is active no other trade should open

 

5.  Let me be able to choose either the active risk management or auto risk management.

 

6. Auto risk management: The Ea should be able to modify my stop lose and Take profit at the end of each trade, based on the amount of profit I set to generate from the starting date till the end date. 

For example 

Set profit  is 500$

trade lot size is 0.6, 

Tp will be set at 834 points , SL is 250 points, if the trade is lost, that is 150$

Say broker commission is 3$ that is 5 points  = 153$ actual loss. 255 points  

The next trade tp will be the sum of 834+255+5 = 1094 points. while the SL will still be at 250 points.

 

Note: when the total lose is set at  N value and above e.g 200$, make the sl 330 points .  Let me Abe able to set the loss Amount before the SL will be made 330 points. 

 

    So in conclusion if the trade is lost let the Ea calculate the actual loss amount, convert it to points and add it to the initial set amount. But if the trade ended in profit, calculate the profit minus it from the set initial amount. If the set amount is made let the EA stop trading.

Files:

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