I would like the below programmed as an EA.
It must be programmed to work on any pair/any timeframe.
I want to own the MQ4 file.
I would like a quote to programme this EA.
Is any one interested?
Rules for the setup:
1
The starting point is the (start-hr) candle for
the day. (Variable = Start hr)
2
The trades can be placed after the completion of (end
hr). (Variable = End hr)
3
Record the high price and the low price of this period.
(Start hr > End hr)
4
Place 2 individual Buy Stop trades at the high price + Buffer
pips (Variable = Buffer)
5
Place 2 individual Sell Stop trades at the low price - Buffer
pips (Variable = Buffer)
6
Place the stop loss for the 2 Buy Stop trades at the Sell Stop price
7
Place the stop loss for the 2 Sell Stop trades at the Buy Stop price
8
Measure the difference in pips between the Buy Stop and Sell Stop entries. (Calculate the lot size based on this size, the exposure as
set in Variable = exposure and the account balance)
Variable exposure = the %
of the account balance that is risked on any order.
9
Add this difference onto the 1st Buy Stop entry price and this is the Profit
target.
10
Add 2x this difference onto the 2nd Buy Stop entry price and this is the Profit
target for that trade.
11
Subtract the difference from the Sell Stop entry price and this is the Profit
target
12
Subtract 2x this difference from the Sell Stop entry price and this is the
Profit target for that trade
13
You now have a total of 4 pending orders waiting. 2 Buy Stops and 2 Sell Stops.
14
If the first 2 trades open and BOTH reach their respective profit targets you
should cancel the 2 unopened orders
15
If the first 2 trades open and only 1 or neither reach their respective profit
targets you should leave the 2 unopened orders in place and cancel them at the
end of the trading week
16
If the first 2 orders open and 1 or both reach the stop loss the opposite 2 trades
will then automatically get opened.
17
Close any open and unopened trades before your broker closes for the weekend.
18 Add Trailing Stop (Variable = Trailing Stop)
19
Add Chandelier Stop (Variable =
Chandelier Stop)
Example:
Assume buffer = 10 pips
The high price between the Start hr and End hr
candles is 0.8891
The low price between the Start hr and End hr candles
is 0.8864
The entry price for the 2 Buy Stops is 0.8901
(high + Buffer)
The entry price for the 2 Sell Stops is 0.8854
(Low -buffer)
The Stop loss for the 2 Buy Stop trades is 0.8854
(the Sell Stop entry price)
The Stop loss for the 2 Sell Stop trades is
0.8901 (the Buy Stop entry price)
The difference between the Buy Stop and
Sell Stop is 47 pips
The profit target for the 1st Buy Stop
trade is 0.8948 (entry + 47 pips)
The profit target for the 2nd Buy Stop
trade is 0.8995 (entry + 47 pips + 47 pips)
The profit target for the 1st Sell Stop
trade is 0.8807 (entry – 47 pips)
The profit target for the 2nd Sell Stop
trade is 0.8760 (entry – 47 pips – 47 pips)
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