Hello Programming Gurus,
Majority of
EAs manage Trailing Stop Loss, Trailing Take Profit with pre-set incremental
stepping, either in pips or points.
I wish to
have an EA that work out incremental Steps based on a ratio applied to the ATR
reading taking off a chart on a chosen time frame.
The zipped PDF file attached herewith explains the requirement in details.
Fee is negotiable, depending how much the EA can achieve.
In brief, the concept and functions are as follows:
Concept
1. The EA will take the ATR reading (literally, with same
decimal places as price)
of a forex pair
at any Time Frame, ie: H1, H4, D1.... etc
2. User sets the multiplicational factors (eg: 1.5, 1, 0.5,
0.75 ... any positive numbers)
As ratio to be
applied onto ATR for respective TPs and SLs.
eg: A Long trade
on AUDUSD, Opening Price [OP] = 0.66000, ATR=0.00500,
SLi,
initial SL to be set at 1.5*ATR away from OP,
=> 0.66000-1.5*0.00500 =
0.66000-0.00750 = 0.65250
TP1,
[initial] TP to be set at 0.5*ATR from OP,
=> 0.66000+0.5*0.00500 =
0.66000+0.00250 = 0.66250
3. Stepped increments
for SL and TP are also computed in n*ATR.
Functions:
- Trailing Stop
Loss/Take Profit/Partial or Full closure of a trade, which are supposed to be
placed-order in lots of 5.
- Trailing
incremental steps based on pre-set (adjustable) ratios multiplication factors
applied to ATR reading pertinent to a chart.
- Options to apply to
one chart or to all
- User’s error
handling
- Send alert signal
and push notification to mobile metatrader app.
- Partially
interactive. Accept user’s intermediate inputs (change parameter values)
without having to reset entire procedure.
- Multiple retry –
in case the change hadn’t get to the broker
Similar orders
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