Hedge and Martingale for Daily Trade

MQL4 Experts

Job finished

Execution time 2 days
Feedback from customer
Just excellent, great response time, great execution time, the EA was exactly how I wanted, Vasyl even noticed some details I did not, Recommended

Specification

I want an Ea that opens a single order at a specific time of the day (further details on how to chose buy or sell order, the time is an input requirement)


Lot size must be Z lots (input requirement)

Take profit must be X(input) pips

Instead of stop loss, open a Hedged pending order at X pips away from first order 

 

In the case pending order gets triggered:

Eliminate the X pip take profit for the first order.

The pending order must be closed at the next day (specified time above).

A new "take profit" (retrace) for the first order must be place at X pips away from the previous closed order, and

Another order must be opened (like the one from the start), but with 2 times Z lots (and same size to the hedged pending order).

The cycle must continue to martingale, making sure that the newest and biggest order covers up the previous losses (remember the new "take profit" for the first order did not get hit before the new pending order)

 

The cycle must continue until profit or and specified number of cycles(input) complete unsuccessfully, then start all over again (either case) at the next specified time of the day. 

EA must have a magic number. 

All take profits and stop losses must be X plus spread.

 

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Project information

Budget
20 - 40 USD
Deadline
from 3 to 7 day(s)