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hello.
i would like a quote for a mt5 expert advisor using standard bollinger bands. I need it to backtest the system against many currencies and stocks on different timeframes which i will select manually.
1st money management variables:
'capital': standard 1000
'risk_percentage_of_capital': standard 5%
variable risk management that enables me to lower my risk percentage by 'DropRiskPerc' every 'riskMNGMTtradeNUMBER' trades, but only if the capital grows at least riskMNGMTtradeGainMin percent in the sum of all the 'riskMNGMTtradeNUMBER' trades. Also i dont want the risk percentage to drop under value 'minRiskPerc'.
'DropRiskPerc': default 1
'riskMNGMTtradeNUMBER': default 10
'minRiskPerc': default 2
'riskMNGMTtradeGainMin': default 20
-->so for example, the first 10 trades have a fixed trade size of 50GBP per trade (5% of capital). From the 11th trade to the 20th trade i then wish it to be 4%, as risk percentage of 5% - dropriskperc equals 4%. and so on and so forth. Also important for me that during the trades the risk percentage is calculated only every 'riskMNGMTtradeNUMBER' trades, so it will always be 50GBP in this example for the first 10 trades and it will not fluctuate when the capital grows/shrinks. The 50GBP will change then when the risk percentage is recalculated before the 11th trade(so it is calculated after the 10th trades finished but not before that, if the 11th trades opens before that it will hav e to use the old trade size of 50GBP).
The trade system:
the signal requires three candles. for a long entry:
candle A with a low, the next candleB needs to have a lower Low than the previous candle (tolerance variable needed) and that lower low is on or under the lower bollinger line. candle C then needs to have a higher low and a higher high than candleB. entry is on the closing price of candle C(on a 4hr timeframe in the last 2minutes of the candle C, so i dont loose money when there is a gap to the next candle) so i want the Expert advisor to enter the trade shortly before candle C is finished.
for a short it is the same signals just highs not lows.
also do not enter the trade if the entry is over the bollinger middle line for a long, or under the bollinger middle line for a short.
please add a tickbox that enables/disables trend against the trade, determinded my a simple or exponential moving average of default 200 (variable name 'trend_MA')
Stoploss: spread+ 'stoploss_var' is right unter the low of candle b
tickbox enables limit exit:
limit: limit is for a buy automaticly the upper bollinger line so the limit changes every candle by the previous candles upper bollinger line.
limit is for a short automatically the lower bollinger line so the limit changes every candle by the previous candles lower bollinger line.
tickbox enables SINGLE 2bar stoploss that overriges the standard stoploss after the first candle:
for a buy: the stoploss is tolerance_stoploss away from a 2 candle high.
tickbox enables DUAL 2 bar stoploss:
needs the previous tickbox enabled too, then exits with that with 50% and the other 50% exit the 2nd time there is a 2bar candle high. i'm attaching a picture demonstrating signal, stoploss and limits.
thanks in advance,
Sylvia
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