Pivot point EA

MQL4 Experts

Job finished

Execution time 2 days

Specification

I would like an EA for MT4 that works on pivot points.

EA based on pivot points

Open a pending buy order and and a pending sell order when price hits any of the resistance/support lines including the pivot point line. The orders need to be a determined distance from the resistance/support (parameter 5)

Orders will have automatic stop loss (parameter 1) and trailing stop (parameter 3) and a break even when in profit (parameter 4).

When one order is hit the other is automatically cancelled. Only one set of orders per candle/bar. Previous orders will be deleted once new candle/bar opens.

Will need a max spread (parameter 6) in case of high volatility. Automatically deletes orders if max spread is exceeded.

Pivot points will be set according to timeframe (parameter 7) i.e. daily resistance/support when using 15min timeframe.

I would like to be able to use on multiple charts and multiple timeframes so need magic number (parameter 8).

 

Adjustable Parameters:

  1. Stop loss
  2. Trailing stop
  3. Beak even
  4. Lot size
  5. Order distance
  6. Max spread
  7. Pivot point
  8. Magic number
  9. optional take profit

 

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Project information

Budget
10 - 50 USD
Deadline
from 1 to 60 day(s)