I want to build (or I would like to buy one if already made) a London and New York Breakout EA

Trabajo finalizado

Plazo de ejecución 3 días
Comentario del Cliente
I think he is an amazing coder and understands the logic very well. I would wish to work with him again!
Comentario del Ejecutor
Thank you for the task! 🤝

Tarea técnica

All Currency Pairs, Indexes, Metals & CFDs
(Please note that CFDs like US30Cash work on 5 digits pips movement on charts so some brokers give an error of Error 10014. Hence, either a separate version should be developed or the same EA should be able to trade all currency frames and CFDs, indexes, metals irrespective of the number of digits being used for pips movements on chart.)

All time frames (But it is normally traded on 1M, 5M and 15M as it is an intraday strategy)

I need a very simple EA which:  

Works on today's Session levels of top/ bottoms as well as yesterday's. Support and resistance of latest sessions are the latest bottom and tops on the chart on a certain trading day. Sessions’ Support and resistance horizontal lines should be drawn by the EA in the following colour: 

1)      Previous Day’s High and Low (Blue)

2)      Asian Session High and Low (Orange)

3)      London Session High and Low (Red)

EA should draw the horizontal lines on the latest top and bottom levels considering the high and low of the respective sessions and previous day. These levels are used as reference points for entry/ exit of the trade

There should be two options for Trading type named as ‘Day and Yesterday’ & ‘All Sessions and Yesterday’. The difference between both is only that Day means today’s high and low before the cut-off time along with yesterday’s levels while Sessions’ and Yesterday means ‘Asian session, London session highs and lows separately along with yesterday’s levels. 

 

The cut-off time should be x minutes away from the opening of NYSE. For example, if NYSE opens at 14:30GMT, and the trader types 30 in Cut-off field that means that above levels will be counted as marked at 14:00GMT (30 minutes before NYSE open). However, the trade will be placed only after the NYSE open.

Buy: 

Buy when the price closes above a certain resistance/ support level from below (Be it session high/low, today’s high/low or yesterday’s high/low), whatever applicable.

Or

2- Buy if the price crossed below a certain support level from above ((Be it session high/low, today’s high/low or yesterday’s high/low), whichever is applicable but fails to close below it. 

Sell: 

Sell when the price closes below a certain resistance/ support level from above (Be above it session high/low, today’s high/low or yesterday’s high/low), whatever applicable.  

Or

2- Sell if the price crossed above a certain support level from below ((Be it session high/low, today’s high/low or yesterday’s high/low), whichever is applicable but fails to close above it. 

 

Stop loss: 

The field ‘Stop loss’ should be of two types: 

      ii-          Fixed 

      ii-          Levels stop loss

i-                 The fixed stop loss is just fixed number of pips away from the opening price of the trade as mentioned by the trader. Whereas ‘Level stop loss’ means that buy/ sell trade will be closed after the candle closes below/ above a current certain level. 

ii-                The Levels touch stop loss means that buy trade is targeting the next resistance/ support level whether it be next above session high/ low or yesterday’s high/ low. If there are no levels above/ below, the trade should automatically close at the ‘trade closure time’ which will be mentioned by the trader in the respective field. However, the next field named as ‘SL Level number’ will take a number where the trader will simply put a number. For example, if the trader inputs number ‘1’, the stop loss should be the closure of candle above/ below the considered level (from where the trade was triggered as Considered level is the level from which the trade was placed). If the number is ‘3’ the SL should be the 2nd level above/ below the considered level.

 

Take Profit: 

The ‘Take profit’ should be of three types

      ii-          Fixed 

      ii-          Levels touch

      ii-          Trailing

i-                 The fixed take profit is just fixed number of pips away from the opening price of the trade as mentioned by the trader. 

ii-                The Levels touch T/P shows that buy trade is targeting the next resistance/ support level whether it be next above session high/ low or yesterday’s high/ low. If there are no levels above/ below, the trade should automatically close at the trade closure time which will be mentioned by the trader in the respective field. However, the next field named as ‘TP Level number’ will take a number where the trader will simply put a number. For example, if the trader inputs number ‘1’, the take profit should be 1st level above/ below from the current considered level (Considered level is the level from which the trade was placed). If the number is ‘3’ the take profit should be the 3rd level above/ below the considered level. (Notice there is a slight difference between ‘Level number’ of both SL and TP. For SL, ‘1st level’ means, the current considered level, whereas, for T/P means the 1st level is the next level below/ above the considered level. 

iii-               ‘Trailing’ take profit is simply trailing and should work like a common trailing take profit with number of pips inputted by the trader in EA settings.

Lot size calculation: 

There should be two field named as: 

1- Capital risk amount/ trade 

2- Capital percentage/ trade 

These values allow the trader to determine value of capital to be risked per trade.

Only one field could be considered correct and should be inputted by the trader, the other value should be selected as N/A by the trader.

Lot Size: 

10- There should be a field named as ‘Lot Type’ with the option to choose as ‘fixed’ and ‘Variable’. If the traders selects ‘Fixed’, the next field named as ‘Fixed Lot Size’ should take input of standard lot size from the trader and place each trade of that lot size. In case the Lot type is selected as ‘Variable’, then EA should refer to the fields named as ‘Capital risk amount per trade’ or Capital risk percentage per trade’ the EA where the trader will write an amount or percentage of capital to be risked in a single trade and hence the EA should calculate the lot size accordingly. For example, opening price of a long trade in US30Cash is 33930 after the crossing of considered level at 33900 whereas the considered level is 33850, This is difference of 33900 – 33850 = 50 pips. Suppose, the trader has written an amount of 100$ in the ‘Capital risk amount per trade’ field. Hence the lot size should be calculated as 100/50 = 2.00$/ pip. If the trader selects ‘N/A’ in this field, the EA should look on the next field ‘Capital risk Percentage per trade’ which is being explained here now. 

11- Another field named as ‘Capital risk Percentage per trade’, as depicted from the name is simply the percentage of the capital which should be risked per trade. For example, If the trader writes 1 here and the current capital is 10,000$, the maximum loss should automatically be considered 1% x 10,000 = 100$ and the lot size should be calculated accordingly as above. The max value of this field should be 10. If the trader selects ‘N/A’ then the above field ‘Capital risk amount per trade’ should be considered in this case.

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