Progressive Buy Stop and Sell Stop Order with Hedging

MQL4 Experts

Specification

TRADING CONDITIONS

1. Initially, it will put simultaneous BUY STOP and SELL STOP order at a customizable certain distance from the current price. 

2. Definitely, one of the orders will be OPENED at some point in time.

3. If BUY STOP is triggered, the EA should also be able to execute additional unlimited BUY ORDERS  set at a preset distance from the first opened BUY order and succeeding orders (grid positioning but dynamic - not pending order). 

4. If SELL STOP is triggered, the EA should also be able to execute additional unlimited SELL ORDERS set at a preset distance from the first opened SELL order and succeeding orders (grid positioning but dynamic - not pending order).

5. The EA should have no TP/SL parameters but have TRAILING START and TRAILING STOPS.

6. If the OPEN order has been filled with S/L triggered by TRAILING STOPS, I want the EA to put a new STOP ORDER on the price of the OPEN order with S/L.

EXAMPLE: > I have a EUR/USD BUY order at 1.15800

> The pair reached the level 1.16000

> If I put the trailing @ 20 pips, the EUR/USD S/L will be filled with 1.15800 S/L.

> Once the S/L is filled up, the EA should open a pending SELL STOP ORDER at 1.15800 this time.

> The EA should execute pending BUY STOP orders at the price of the open SELL ORDER positions with filled  S/L.

> The EA should execute pending SELL STOP orders at the price of the open BUY ORDER positions with filled S/L.

7. The EA work mode : Current Chart/All Charts.


Thank you.




            


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