Specification
Hi I am after an EA and Autotrader that will do the following:
- Based on a user defined price, which would be set once a day
- If the current price moves above or below the user defined level after a one minute interval
- Then place a buy or sell trade, depending in which direction the price moved (above the user defined level then buy, or sell if below the user defined level)
- If trade placed then set a trailing stop loss if 20 pips reached
- If trade placed and no trailing loss placed then buy/sell will be cancelled if the price moves back through the user defined level after a one minute interval and the next trade in the opposite direction would be placed
Working example:
- User defined price (UDP) = 11136.2
- Current market price (CMP) = 11136.9 @11:30am
- At the first 5 minute interval after the CMP breaks the UDP the market moves through the UDP to 11135.6 as at 11:45am and a sell trade is therefore placed
- A trailing stop of 20 pips is then added at 13:15 when the price moves to 11133.6
- The price then moves down further to 11131.6 at 14:15 and the trailing loss is therefore 11133.6
- The close (buy) position is then triggered when the price moves back up through the trailing stop at 15:15 to 11133.7 at the first 5 minute interval after the opening position was broken
- Had a trailing stop not been set then the position would have been closed (buy) when the price moved above the user defined level after the first one minute interval
I also want to be able to back test on a day by day basis. i.e. set a UDP and then move through a trading day and see the trades displayed on a graph as well as in the test results section.
I can attach an example if that would make the above easier to understand.
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