All orders
Rules
Specification
Hi,
i have bought an indicator, no source code available and the indicator is bound to my live account.
These are trendline and text objects. I know its possible to detect such elements and set orders depending on their levels. I need an EA that is able to detect such lines and place a pending long and pending short order at the top or the bottom of the "box". The level of the pending orders should include the spread of the asset. Also as an input the EA should have a setting for an offset for the long and short pending order to adjust them granually. Offset only could be positive number.There should be an input panel like the EXAMPLE below. Risk is in account currency (€), Take Profit is multiply of distance between the top and bottom line of the box, e.g. box has 100 pips and TP is 0.6 the TP is set 60 away. Stop Los is as TP a multiply of the distance between top and bottom of the box, e.g. distance is 100 and SL is set 1,2 then the stop loss is 120 pips away. START starts the EA, STOP deletes all pending and closes all positions.
If one order, long or short, is triggered the other pending order should be deleted. In the screenshot above you see two boxes. The second one will not be traded as the first one is triggered. The second one will be ignored as long as the trade of the first is running into TP or SL. If so then the entry levels of the second one will be placed. Look at example again. The small solid lines above and below the boxes represent the possible TP lines of the indiicator. Those are just to visualize the levels. You see that the price has triggered the TP line of the first box. Then the EA should be able to set the pending orders for the second box which was not traded as the box appears. In this case a limit sell order should be placed,if the price moves up again and triggers the bottom of the second blue box. In this case the price triggered the TP level of the second box first, the limit sell order should be deleted and there is no trade. If it is easier for you to code, we can use this TP line coming from the indicator as TP line too. Pls respond what you prefer.
The problem will be, that you cannot test it with the indicator, as this only runs with my live account. So an experienced developer is needed with experience in dealing with trendlines, graphical panels and trade logic.