BREAKOUT INDICATOR INTO E.A

MQL4 Indicadores Asesores Expertos

Trabajo finalizado

Plazo de ejecución 20 días

Tarea técnica

I need to transform a Indicator into a EA. The indicator provides the Breakout Range and inform if the Asset is good or not for trading the breakout following its own internal rules.

What the EA must do is:

1 - Verify if the Asset is good or not for trading the Breakout that Day (the Indicator tells thats!)

If YES (good breakout for the asset) the EA will insert 2 Pending Orders (Buy Stop and Sell Stop)

1.A - Insert a Buy Stop 50 Points above Breakout Range. Stop Loss at the Botton of the Breakout Range and Take Profit of 2,7 per  (TP = 2,7 times the Stop Loss)

1.B - Insert a Sell Stop 50 Points bellow Breakout Range. Stop Loss at the Top of the Breakout Range and Take Profit of 2,7 per  (TP = 2,7 times the Stop Loss)



So for moving on the EA must:

 - Verify if asset is Ok or Not for Trading

 - Verify the Breakout Range to Stipulate the Stop Loss and Take Profit

 - Stipulate the Lot Size (the lot size depend on the Stop Loss in Pips: I.e if Stop Loss is 20 pips Lot Size is 0.1 | If Stop Loss is 40 pips the Lot Size will be 0.05. So we always have the same risk in all trades)

 - Insert the Pending Orders (Buy Stop and Sell Stop). This is a breakout Strategy so the EA must automatically insert the Pending Orders with SL and TP

- Close ALL PENDING ORDERS OPENED AND ALL POSITIONS IN THE END OF DAY 

Attached you find the Indicator:



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