Francesco Piantedosi

Hi all, I need help to program my EA, and I'll be alble to test if my idea is good or not. My idea is time based, and a grid of orders will be placed according to value of EMA(5). Let suppose to have M30 timeframe, my EA should wait EMA(5) value in the middle of timeframe, and so, in the middle of the bar formation. So after 15 minutes, EA evaluates EMA(5), this will be the "start price" for my grid.

EA will place 5 pending stop buy orders and 5 pending stop sell orders (very important that orders should be STOP and absolutely NOT "Limit orders". Number of orders should be a parameter selected by user, "5" is only an example, but it should be default value. Distance between orders will be "n" pips. Also in this case number of pips shoul be selected from 3 to 15. Default value is 5

For each BUY/SELL order, as initial parameter, TP=150 pips and SL=5 pips (initially I don't want to change these values)

If an order is activated, SL will be moved to "entry price" for that order. From this point, a trailing stop loss will be placed for that order using a step of 1 pip.

Initially I don't want any check on spread and theoretical profit of my oders.

At the end of current bar, or exactly at the beginning of a new bar formation, every stop order placed in the previous timeframe (both buy and sell) will be deleted if they are not triggered.

This will be repeated for each bar in the chart.

Let's do an example:
pair eurusd
timeframe 15 minutes
after 7,5 minutes, EMA 5 is evaluated (suppose EMA(5)=1.11300)
EA will place 5 stop buy orders @ 1.1135 - 1.114 - 1.1145 - 1.115 - 1.1155
EA will place 5 stop sell orders @ 1.1125 - 1.112 - 1.1115 - 1.111 - 1.1105
Suppose that first 3 stop buy orders are triggered and first 2 stop sell orders are triggered;
at the "first tick" of new bar, last 2 buy orders, and last 3 sell orders will be deleted.

Remaining positions will remain opened and will run without interference.

Parameters selected by user when EA is attached to chart:
Number of pending orders: from 1 to 7 (default is 5) - numbers of long orders is always equal to

number of short orders
Distance between orders: from 3 to 15 pips (default is 5)
EMA should be evaluated from 3 to 20 periods (5 is default value)
TP: from 15 to 150 pips - step by 5 pips - (default is 150)
SL: from 5 to 20 pips - step by 5 pips - (default is 5)

For money management I would have 2 different options: fixed lots and % of total margin. One out of the two option has to be selected and parameters chosen by user. Default values are 0.1 lots or 2% of total margin.

EA should work for 4 or 5 digits

Available if you need further clarification.
Francesco