BUY STOP/BUY SELL EA

Experts

Job finished

Execution time 37 days

Specification

This EA will calcute the entry and exit based on the high and low of the previous bar. EA will open 2 pending positions (one long and one short). I will go long 1 pip above the previous bar's high and I will go short 1 pip below the previous bar's low. My stop loss will be one pip below the previous bar low for long positions and 1 pip above the previous bar high for short positions. In other words, if I get stopped out the EA will automatically open another position going the other direction. For the take profit will vary, but you can set it @ 3:1. if I'm risking $10.00 I want to be able to make $30.00. I would like for all the entries to be FLEXIBLE so I can change them when I need to. The spread should also be taken into consideration.
Example: On a 1 hour chart EUR/USD at the close of the hour had a high of 1.32301, and a low of 1.32148. In this case, on the next bar the EA will open 2 pending positions as follow: buy stop @ 1.32311, stop loss @ 1.32138, take profit @ 1.32820. Sell stop @ 1.32138, stop loss @ 1.32311, take profit @ 1.3161.9. In this case, I'm risking 17.3 pip but will make 51.9 (3:1).
In addition, I would like for the EA to reopen a position and add more positions if I keep getting stopped out. Example: Let's say I go long @ 1.32311 with 1 mini lot, I would like for the EA to add 1 more position to the sell stop side just in case the market turns against me.
Basically it would look like this: let say market goes up and I go long 1 mini lot @ 1.32311, now instead of 1 mini lot I want to have 2 mini lots on the short side. When the long pending position reopens I want to have 3 mini lots. If the market is ranging this is what would happen: trade#1 - 1 mini lot @ 1.32311 long
trade#2 - 2 mini lots @ 1.32138 short
trade#3 - 3 mini lots @ 1.32311 long
trade#4 - 4 mini lots @ 1.32138 short
trade#5 - 5 mini lots @ 1.32311 long

trade#6 - 6 mini lots @ 1.2138 short and so on until the market moves out of the range and I reach my profit target @ which time the EA will not open any new orders and cancel the pending order. Basically, if the market keeps hitting my stop losses the EA will keep adding 1 position to the next possible order so I can make up for my losses when my take profit is hit. Let me know if you have any questions.

 

Thanks. 

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Project information

Budget
40 - 60 USD
For the developer
36 - 54 USD
Deadline
from 5 to 10 day(s)