I would like to build an Expert Adviser for MT4 based on the Grid and Martingale system.
The EA should have the option to trade NON-STOP- True False.
When False it means it will trade only manually.
If I manually chose SELL and the trade will go against me, it will open extra trades in the same SELL direction with a specific distance and value.
All values must be in points and not in pips , 5 digits broker.
On the chart I would like to have 4 buttons (with the option to chose the place on the chart: Bottom right, bottom left, top right, top left)
BUY
SELL
Close ALL BUY
Close ALL SELL
And information text:
Profit / Loss
Open Orders:
Balance:
DD:
In variables:
Lots: 0.01
Take Profit Points 500 c
StopLoss True False
StopLoss Points 300
Breakeven False/True
Start Breakeven 250
Step Breakeven 100
Trailing False/True
Trailing Start 500
Trailing Stop 250
Trailing Step 100
Close at Profit ON/OFF - 2 options to choose from:
Close Currency or Pips
Close Profit $50
Close Pips 50
Type Trade : Normal, Martingale
Lot Multiplier 1.5
Distance Between Orders 300 (in points)
Magic Number
Automatic Mode ( On/Off) (if is it OFF, only manual trading will be accepted by clicking BUY or SELL)
If it is ON, the moment the EA is ON – AutoTrading, should start to trade.
Trading Mode: (to choose from 3 options.
- BUY Mode Only
- SELL Mode Only
- BUY and SELL
Start Trading: (to open first trade when it is Automatic Non stop)
Date and time
2016.10.25 (broker time) 13:45:00
End Trading: (this will be the time when the EA will not start a new Grid) only continue the old grid or grids if the option is for BUY and SELL. )
Date and time
2016.10.25 (broker time) 23:45:00
Number of positions 30 max
Grid Presets:
Initial Pip Distance 30
Lot multiply per positions 0.5
Manual Entered Grid
1 Lot multiplier 1
2 Lot Pip Distance 20
2 Lot multiplier 1
3 Lot Pip Distance 40
3 Lot multiplier 1.5
4 Lot Pip Distance 70
4 Lot multiplier 2
5 Lot Pip Distance 120
5 Lot multiplier 2.5
6 Lot Pip Distance 200
6 Lot multiplier 3
7 Lot Pip Distance 380
7 Lot multiplier 3.5
8 Lot Pip Distance 450
8 Lot multiplier 4
9 Lot Pip Distance 600
9 Lot multiplier 4.5
10 Lot Pip Distance 800
10 Lot multiplier 5
11 Lot Pip Distance 1000
11 Lot multiplier 5.5
12 Lot Pip Distance 1200
12 Lot multiplier 6
13 Lot Pip Distance 1400
13 Lot multiplier 6.5
14 Lot Pip Distance 1600
14 Lot multiplier 7
15 Lot Pip Distance 1800
15 Lot multiplier 7.5
16 Lot Pip Distance 2000
16 Lot multiplier 8
17 Lot Pip Distance 2200
17 Lot multiplier 8.5
18 Lot Pip Distance 2400
18 Lot multiplier 9
19 Lot Pip Distance 2600
19 Lot multiplier 9.5
20 Lot Pip Distance 2800
20 Lot multiplier 10
21 Lot Pip Distance 3000
21 Lot multiplier 10.5
…..
…..
Take Profit Factor
An example:
1st trade 0.1 is going in the wrong direction.
After 200 points there is another trade open with lot multiplier 1.5 also, = 0.15
When the price will go up about 80 points from the moment the second trade was open, the balance of these 2 trades will equal ZERO. It means this is the ZERO Level where the profit should be counted.
If the goal was to take 200 points profit on the first trade of 0.10 = it means the profit should be $2.00
I would like to add the function called Penalty Factor.
When the Penalty Factor value is 2 it means 20 points – 2 pips added after these 2 trades will reach $2.00 profit
In this situation we will have 0.1 + 0.15 = 0.25
0.25 x 2 (pips) = $0.50
It means when the price will reach $2.5 it will be the Take Profit target.
If we have 5 trades open:
0.1
0.15
0.2
0.25
0.3
Total value is 1.0
It means when the price will reach $2.00 – the first trade
But now we have in total 5 open trades (in one direction) , and the Penalty Factor is 2, it means 2 pips for each open trade = the summary should be calculated 2 x 5 = 10 pips Penalty
In this situation the EA should calculate Take Profit – after all trades will reach $2 level plus + 10 pips Penalty Factor -(10 pips x 1.0) $10 = $12
Regarding the pending order. I would like to have ONLY 1 pending order and not the whole grid exposed.
When there is the first trade on, there should be ONLY one pending order waiting for the action.
Attention!
Important - When the EA is on and the grid is in the action and there was a loss of internet connection, the EA should recognize the situation and continue to open next levels.
Source code in English only please.
EA protected by MT4 user account name and expiration time.
If you have any suggestions to improve it - please let me know.
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