Expert Advisor - Gap Trading

MQL4 Experts

Job finished

Execution time 6 days
Feedback from customer
Very quick and good quality

Specification

Requirement Expert-Advisor Gap Trading

Setup for a daily chart!: 

1st check: price at a defined time higher than the high of the previous day's candlestick (or with a possible tolerance) -> buy market, stop loss at low previous day, position size as a variable % rate of balance 


2nd check: price at the same defined time lower than the low of the previous day's candlestick (or with a possible tolerance) -> Sell market, stop loss high  previous day, position size as a variable % rate of balance 

Ancillary conditions 

3. maximum one trade at the same time

4. market closing of an open position at a defined time of the entry day

5. variable tolerance limit in pip, 
for example tolerance 10 -> price at the defined time max. 10 lower than the high of the previous day's candle -> buy market, stop loss low candle previous day,  position size as a variable % rate of balance 
or

price at a defined time max. 10 higher than the low of the previous day's candle -> Sell Market, Stop Loss High Candle previous day,  position size as a variable % rate of balance 


The Expert Advisor checks each day (each candle) at the variable defined time whether  criterion 1 or 2 are fulfilled and opens either a position or if no criterion is fulfilled no position and then checks again on the following day. 

Please contact me in case of ambiguities or questions. 



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Project information

Budget
60+ USD
Deadline
to 20 day(s)