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EA for managing BE, SL, TP and trailing SL of manual entries

MQL4 Experts Panels and dialog boxes Trading robot/indicator debugging Forex

Job finished

Execution time 2 days
Feedback from customer
Very fast execution of the work. Has had his own input and delivered a product 100% to the specification. Thanks =)

Specification

1.      Background

I need a fairly simple EA that manages SL, TP, BE and trailing SL. I have not yet found an EA that does exactly what I need.

I have a simple system that allows me to enter trades manually and always apply the same rules for TP and SL. In order to capture the full momentum of the market whilst not having to constantly monitor the charts I need an EA that is managing the SL and TP of my trades from the moment the positions are opened.

2.      Systems

This should work on MT4 and run on a VPS provided by MQL. It should work on all pairs and all timeframes.

3.      Requirements

a.      Variables

  • ·       SL: stop loss in points to be applied to trades without SL (1 pip = 10 points)
  • ·       TP: take profit in points to be applied to trades without TP
  • ·       BE_TH: breakeven threshold, distance in points a trade has to be in profit before SL is set to BE
  • ·       trail_TH: trailing threshold, distance in points a trade has to be in profit before SL becomes trailing
  • ·       TrailingStop: distance of the trailing SL
  • ·       TrailingStep: distance in points when trailing SL is moved

b.      Behaviour

  • 1.       The EA must work with BUY as well as SELL orders
  • 2.       The EA should manage ALL trades on the account, regardless of the pair and timeframe
  • 3.       The EA should apply SL and TP to all trades that are either missing a stop loss or missing a take profit.
  • 4.       If the trade has a take profit but no stop loss, then only SL has to be applied.
  • 5.       If the trade has a stop loss but no take profit, then the TP should be applied.
  • 6.       Once a trade is in profit by “BE_TH”, the stop loss of that trade is to be set at entry point, regardless of the original level of stop loss
  • 7.       Once a trade is in profit by “trail_TH” the stop loss has to start trailing with “TrailingStop” distance behind the current price, regardless of the previous level of stop loss, and keep moving the SL every time price has moved in a positive direction by TrailingStep
  • 8.       I want a panel box that shows the current settings of the variables

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Project information

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30 - 60 USD