MT4 Parabolic SAR Trailing Stop EA for Forex

MQL4 Experts

Job finished

Execution time 4 hours
Feedback from customer
Anton did a fantastic job! Very professional along with excellent communications with me on the EA. The work was to the highest standard.
Feedback from employee
Your specification is crystal clear. Would love to work with you again soon.

Specification

EA SCOPE OF WORK

The EA is to

(a) Check for an open position.  The position will be opened manually; independent of the EA.
(b) On the emergence of a new bar, automatically calculate and move the stop loss to the new value as per the standard Welles Wilder Parabolic Stop and Reverse (SAR) formula.

TRADING PROCESS

1) Open either a short or long position manually; then
2) Start the EA manually.

EA FUNCTIONALITY - INITIALIZATION/START UP

1) Calculate the initial stop loss value for the current bar (ie where position is opened)
2) Modify the open position Stop Loss (S/L) parameter using the calculated Parabolic SAR value.

EA FUNCTIONALITY - ON EMERGENCE OF NEW BAR

1) Calculate the updated stop loss value for the new bar
2) Modify the open position Stop Loss (S/L) parameter using the calculated Parabolic SAR value.

INPUT DIALOG
1) Change SAR acceleration factor increment step (Default value = 0.02)
2) Change SAR acceleration factor max value (Default value = 2.0)    

NOTES
1) It is to be MT4 compatible.
2) A long position will only be opened if current price is greater than the SAR value
3) A short position will only be opened if current price is less than the SAR value
4) The stop loss is expected to track the SAR indicator value closely
5) EA only needs to run on the emergence of a the new bar.  If it's a 4 hourly chart, then it only needs to run every 4 hours.

TERMS AND CONDITIONS

1) I reserve the right to disregard any or all bids
2) Source code is to be delivered with the final product

Any questions, please feel free to message me on this site.


Cheers. Keith.


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Project information

Budget
40 - 50 USD
For the developer
36 - 45 USD
Deadline
from 1 to 3 day(s)