Basket Trading EA

MQL4 Experts

Job finished

Execution time 6 days
Feedback from customer
Hooshang made the entire experience seem easy, and responded quickly, when modifications needed to be made. He quickly provided the updated version. Great Job, Thanks JKW

Specification

Need a Basket Trading EA based on the following:

INPUTS: (Available to change)

  • Currency Pairs: A comma separated list of currency pairs.
  • Candles Back: (0 - current candle, 1.....)
    • Looks at the number of previous candles (per currency pair)
       zero would look at the current candle only based on the time selected, if selecting 1 or larger, the current candle would not be looked at. 1 at the previous candle only, 2 at the two previous candles.
    • Runs a formula and determines long or short for each currency pair. (Will provide on work awarded)
  • Trade Type: Long, Short, Both -- Only do long trades, short trades, or both
  • Trade Time: 6:00 PM -- (Based on Broker Time)
    • This time would be the current candle time to look at. The EA would also only execute when this candle closes.
    • Also based on the Chart window time. Example, if a 30 minute chart. At 6:00pm, the close of the 30 minute candle (so 6 pm to 6:30 pm candle) the agent would then look at the Candles back, run a formula, then determine long or short.
  • Pending Pips: A pending order will always be opened. This is the number of Pips above the current candle to place the order. Current candle means the current closed candle set at the Trade Time. So for example, if 6pm Trade Time and 30 minute chart, at the close of the 6pm to 6:30 pm candle, once Trade Type is determined, a Pending order would be placed above or below the closed candle. The number of pips placed above or below is this setting.
  • Add Spread:  Enable/Disable - This would add the current spread to the Pending Pips. So as an example, if the close of the 6:00pm to 6:30 candle, and the formula indicated to do a buy, and the Pending Pips was 20, and the spread enabled, if the spread was 3, then the pending buy order would be 23 pips above the close of the Trade Time Candle. 6:00pm to 6:30pm candle. 
  • Stochastic RSI Settings. (This agent will use the Stochastic RSI) Want inputs for the settings.
  • Enable/Disable RSI -- This will enable or disable the use of RSI as part of the formula
  • Stop/Loss Pips: Initial Stop Loss in Pips if Add spread enabled, adds the spread.
  • Trailing Stop Pips: Number of Pips to Trail by 
  • Activate Trailing Stop:  Initial Pending, After Breakeven, Disable, Use Average True Range
  • Pending Location: High-Low or open-close This would use either the High for buy, Low for Sell, or the body of the Trade Time Candle for the pending order. For example, If I set to high-low, the pending order would be 23 pips above the High for a buy or 23 pips below for a sell. However, if I set to open-close, the trade would be pending order would be placed 23 pips above or below the open or close (depending if the order was a buy or sell, and if the candle was bullish or bearish). Looking for the trend to go above or below the candle body in the direction of the pending order.
  • Stop/Loss additional info -- Use ATR for the stop loss & trailing stop - an option. Initial stop loss should be able to also use Pending location. Example,  stop-loss 10 points above Trade Time Candle close or body.  
  • Take Profit in Pips - Number of pips for Take Profit
  • Trade size:  Trade size to take. Example: .01, .1 or 1 ..
    • Check margin before taking trade. If not enough margin, don't do the trade.
  • Close Pending: Time to close all pending orders
    • Close Pending Order: Enable
  • Other items:
    • If trade on one of the currency pairs is already active, don't do a new trade. For example, from the previous day
    • Notification: send email or push alert of trade, including close pending.

  • Basket Direction: Enable/Disable/Enable-Notrade --  check the basket for overall direction. Example, if 4 of the 6 currency pairs said buy, then the other two currency pairs (short) would not trade. If the currency pairs were equal - 3 buy - 3 sell, have an option for no trade. If just enabled, it would do 3 buys and 3 sells....

I will provide the trade formula once the work is awarded.


















































































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Project information

Budget
30 - 80 USD