EA required for opening trades based on breakout from previous candle

Job finished

Execution time 1 day
Feedback from employee
Thank you mate :)
Feedback from customer
Great work on my EA, requirements have been met exactly and it is working like a dream. I'll certainly be in touch with any future requirements.

Specification

-        The EA should work on all timeframes

-        A LONG trade should be opened if the current candle goes 0.3 pips higher than the HIGH of the previous candle

-        A SHORT trade should be opened if the current candle goes 0.3 pips lower than the LOW of the previous candle

-        Only one trade should be open on a currency pair at any time. It is OK for trades to be open across multiple currency pairs at the same time though

-        A stop loss should be set at the time of opening the trade. The stop loss should be 50% of the difference between the HIGH and LOW of the previous H1 candle

-        Lot size is to be calculated based on a 1% risk per trade and should therefore consider the size of the stop loss and current equity of the account

-        There should be three options regarding take profit. It should only be possible to select one at any one time:-

o   As default, trades should be opened without a take profit target

o   There should be an option to turn on take profit target where 100% of profit is taken when profit is double the size of the stop loss

o   There should be an option to take 50% of profit once profit has achieved a level which is 2 times the stop loss size. If this option is activated and 50% of profit has been taken, the EA should change the stop loss to trail by the original number of pips



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Project information

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