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EA Expert Advisor Using Bollinger Band Strategy

MQL4 Experts Strategy optimization

Job finished

Execution time 2 days

Specification

I need a skilled & experience coder to create an EA for me. The strategy is using bollinger band as indicator to open & close trade. 3 trade will be open with 3 different close trade strategy. Take profit will be set for the first 2 trades & for the other trade manual close trade will be implemented. 1st trade will have increment lot set for each trade that fail to hit take profit. 2nd & 3rd trade will be same lot size. 


STRATEGY

Open trade.

When price hit upper band, BUY. Price hit lower band. SELL. Requirement for open trade is last 10 candles (can be set by user) must be touch middle 

band. 3 trades will be open at the same time with 3 different close strategy. 

1st trade will have take profit set. scalping around 30 pips

2nd trade will have more pips to target. 60 pips. when the first trade hit take profit stop loss move to start price

3rd trade. no target. when the first trade hit take profit stop loss move to start price.


When the 1st trade hit take profit. Wait for the next signal. trade 2 & 3 remain open until close trade strategy hit. If trade 1 open, no new trade will be open. new trade can only open if there is no trade 1 open. trade 2 & 3 can be open more than 1 time. Trade 1 can only open in one direction buy or sell. trade 2 & 3 can be open in both direction.


Close trade

1st trade

  • For BUY If price hit lower band close trades. Open SELL. Same goes to SELL trade. 
  • Stop loss will be set. If price hit stop loss first then close trade. 

2nd trade

  • For BUY If price hit lower band close trades. Open SELL. Same goes to SELL trade. 
  • Take profit & Stop loss will be set. If price hit stop lost first then close trade. 
  • Close trade is either price hit stop loss or price hit lower/upper band which is come first.
  • When the 1st trade hit take profit, stop loss will move to start price. 

3rd Trade

  • For BUY If price hit lower band close trades. Open SELL. Same goes to SELL trade. 
  • Stop loss will be set. If price hit stop loss first then close trade. 
  • Close trade is either price hit stop loss or price hit lower/upper band which is come first.
  • When the 1st trade hit take profit, stop loss will move to start price. 
  • NO take profit set. 
Lot increment


This is only apply to trade 1. When trade 1 failed to hit take profit. Lot size will increase base on what user set. If trade start at 1 lot, then the increment strategy set as 1, then when the trade failed to hit stop loss, next trade 1 lot is 2. If still failed then, next trade size will be 3 and go on. 




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Project information

Budget
30 - 200 USD
Deadline
to 3 day(s)