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Specifiche
Position Management
I use Buy Limit and Sell Limit orders to enter trades.
-I want an option for the EA to cancel my buy/sell limit order within X hours of placing it if not triggered
-I want an option for the EA to cancel my buy/sell limit order by end of current session if not triggered
-I want an option for the EA to cancel my buy/sell limit order by a certain time of day and/or day of week
-I want an option for the EA to cancel my buy/sell limit order if price goes to SL before being triggered
-I want an option for the EA to cancel my buy/sell limit order if price goes to TP before being triggered
When I enter a position I want the EA to help split my position:
-I want an option that, if enabled, will allow me to set a percent of the value between entry and take profit as my 'TP1' level
(If i enter a position with my Take Profit set to 100 pips away, I want to be able to define '30%' as my TP1 level - which means 30% of the 100 pips away --- so 30 pips from my entry price)
- If TP1 is enabled, I want an option for the EA to close a configurable % of my position when that value is hit (if price goes to the TP1 level, close x% of my position) - for example I may set it to 30%
- I also want the same functionality for a 'TP2' value (another percent from original entry price, with percent to close at that level)
When I'm in a trade, I want the EA to help protect my profit:
-I want an option so that when my TP1 is hit, I can have it automatically set the SL to my entry price (for a no-risk trade)
-I want an option so that when my TP2 is hit, I can have it automatically set the SL to my TP1 value (lock in profit at TP1 level)
-If I'm in a trade that is in profit, I want an option for the EA to automatically close the position if it is a certain time of day (for example I can enter an hour before end of NY trading session and it will close open profitable trades at that point)
-If I'm in a trade that is in profit, I want an option for the EA to automatically close the position if it is a certain time of day AND day of week (for example I can say to close my profitable positions at noon NY time on Friday)
When I'm in a trade, I want the EA to help manage my losing positions:
-I want an option so that if a losing trade is in more than %X draw down (distance from entry to SL if SL is active or % of account if SL is not active) for more than x hours it will set the TP to entry value (for break even trade)
-If I'm in a trade that is in a loss, I want an option for the EA to automatically close the position if it is a certain time of day (for example I can enter an hour before end of NY trading session and it will close open losing trades at that point)
-If I'm in a trade that is in profit, I want an option for the EA to automatically close the position if it is a certain time of day AND day of week (for example I can say to close my losing positions at noon NY time on Friday)
I want the EA to fill in TP/SL values when I forget to enter them:
- I want a Risk:Reward multiplier that I configure. So I enter for example 1.5, which means I want to earn 1.5x the pips that I risk with my SL value
- If I enter a SL and no TP, I want it to calculate the TP value based on the multiplier - and apply the TP1/TP2 rules I laid out above based on this TP. I should be able to manually set or modify the TP and have the EA respect my manually entered value regardless of multiplier (including recalculating TP1/TP2 rules).
- If I enter a TP and no SL, I want it to calculate and set the SL based on the multiplier
- I want a 'max percent risk per trade' configurable value - based on my account balance what percent of it am I willing to risk on a single trade. If I enter a trade where the SL value+position size means I am risking more than that percent, it should alert me. If I enter a trade with no SL, it should calculate a SL based on this value. If I enter a trade with no SL and no TP then it should set the SL based on this value, and the TP based on the Risk:Reward multiplier
I should always be able to manually partially/completely close the position, move the SL and TP values and the EA should recalculate the TP1/TP2 rules
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