RISK MONITOR BIDDER 2- MT4 VERSION

Hello Everyone, 

I want to create an EA to take bids using a lock up position based on the distance between the highest and lowest price after installation. The steps will be as follows.

PROCESS

After installation of EA, it begins to measure the HIGHEST and LOWEST positions and the date and time of activation.

Once the distance between the highest and lowest price reaches the GAP distance variable, it locks up both positions as START HIGH and LOW

It then begins to BUY at START HIGH and SELL at START LOW afterwards from then until it reaches the Take Profit position.

If a bid is activated and closes in SL, it takes a new bid as a multiplier(Addition or multiplication) and reduce the Stop Loss distance as a multiplier as well.

So for example if bid start at BUY at 94 with lot 1, a multiplier of 2 will make next bid to be 2, then 4, then 8, then 16, then 32 etc. But an addition of 2 will make the next bids to be 3, 5, 7, 9, 11 etc.

Also for the loss, if the initial SL is 0.5 and is to reduce by 80%, then next SL distance will be 0.4, then 0.32 etc until it reaches the minimum SL.

Also once the final bid has been closed in profit at the TP or manually, then the EA resets itself to start the new START HIGH AND LOW for a new bid immediately afterwards.

input tab will be as simple as below and variables will be in prices instead of pips.

All will be in real time prices

EA should be available for use on every category such as indices, currencies etc

VARIABLES       

START HIGH      HIGH Pice to effect the BUY position/ price after price reaches GAP distance after installation

START LOW       LOW Pice to effect theSELL position/ price  after price reaches GAP distance after installation

GAP                  This is the distance/ risk price to help to set up the start HIGH/LOW position

BID MULTIPLIER      This can be considered as a multiplication or addition. It will activate at every side when previous bid has been closed

RISK MULTIPLIER    This is to be used to reduce the Stop Loss after every closing of the bid in loss. Their will be a minimum SL as a % or real price

STOP LOSS (SL)      This is the first Stop Loss at the beginning of the trading and the first loss

Also updates of extreme prices should be displayed on screen as follows

Only immediately available developers should apply

Source code will be provided after completion of project

project will be tested in real time and also any issue identified after a period of 8 weeks after completion will be resolved by programmer

Graphical representations of the positions will be shown on the screen

Alerts for the positions and price updates will be installed on EA