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Rules
Job finished
Specification
Hello Denvelopers!
I need a trade manager EA based mainly on ATR indicator for trailing stop purpose with follow parameters (that allow also to work as a risk manager):
Although you see several parameters it is really simple project!
ATR SECTION
-UseATRtrail (true/false)
-trail_Start (it will allow to start ATR trailing when the price is gone in the right direction for a specific risk:reward figure e.g. trail_Star= 1.0 mean that ATR trailing stop will activate when the price is at risk:reward 1:1 already in the righ direction)
-period (indicator's period)
-multiplier (the dynamic multiplicator e.g 2X, 3XATR etc..
-pipPlus (it will allow to set a number of extrapips above/below ATR indicator's line)
TRADE MANAGEMENT SECTION
-Entry price (price level where i would entry with pending orders, so stop or limit order based on current price if it is above or below entry of course)
-Stop loss level (price level where to put the hard stop loss order)
-Risk% (this will allow to set the risk % e.g. risk=0.5 it mean 0.5% of balance on each trade based on the distance between the entry and the stop loss of that specific financial instrument so it should calculate the correct lotsize based on that risk% on all forex, stock, metal instrument relative to the specific pip value of that specific instrument) this setting is very important so it should calculate very accurately the risk%; so when i set an entry level and stop loss level it will calculate the lotsize for that pending order automatically.
-Take profit by risk reward (true/false it will allow to set a specific target based on risk:reward multiplier)
*multiplierRisk= x (e.g x3 for set take profit at 1:3 risk:reward)
-Take profit level (true/false it will allow to set a specific price level to take the profit)
*Take profit level (the price level of take profit order)
-Magic number (it will allow to not interfere with other EAs that are trading on the same instrument, it will have a comment like "Trade manager assistant" in the trade comment and it will manage only the positions on its own chart) and it should thake the control even if i sometimes scale out some positions so the comment will change (from ticket n...to ticket n....)
This project could be update in the future as my trading plane evolve, so the denveloper that will do a good job at reasonable price (for this reason i have put 7-14 days because i will give you very enough time to do the work relaxed and to make it accurately and without bugs but with a reduced price) so it will work with me in the future for eventual modifications, THANKS! :-)