Chandelier Stop EA

Chandelier Stop EA Beta Version

Dear Sir or Madam,

I would like to have this strategy as a complete Expert Advisor (.ex5 file) with accompanying files in MQL5 and be able to trade fully automatically on MT5.

The following YouTube video presents a strategy that is traded with two indicators on Tradingview.

https://www.youtube.com/watch?v=mnAy-Z868Ww&t=1s

(Insert link in the address bar)

The indicators must be translated from Pine Script to MQL5 (source code attached).

The video talks about an indicator called: Trend Strenght ADX LW, which unfortunately no longer exists. Alternatively, you can also use the ADX Trend Strengh from Batleth, change the 2 inputs to 8 and 9, switch off Di+ and DI- for the style and change the ADX to a step line. The ADX is not displayed in 2 different colors, but keeping the colors makes a minimal difference anyway. It is also important to pay attention to whether it is rising or falling, as described in the video.

In addition to the 2 indicators, I would like the Relative Strength Index (RSI) to be included (should be available as standard in every MT5).

In addition to the strategy, I would like the following setting options:

Magic Number:

Monday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Tuesday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Wednesday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Thursday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Friday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Saturday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Sunday: true/false

Trading time 1: from xx:xx to xx:xx true/false

Trading time 2: from xx:xx to xx:xx true/false

Trading time 3: from xx:xx to xx:xx true/false

Open positions should be closed at the end of trading time. True/false

Trade direction: long/short/both (standard both)

Risk: x.xx% (variable lot size) (standard 0.00)

from: Equity/Ballance (standard balance)

Risk-reward ratio: xx.xx : 1

Opening: xx sec/xxx millisec time-delayed true/false

Position closure: after xx min/xx sec if take profit has not been reached. True/false

Short limit order when opening a position xxx points above the current price true/false

Long limit order when opening a position xxx points below the current price true/false

For the above 2 limit orders, this order should be placed instead of the regular market order and not in addition to it.

Limit order deletion after hr/min/sec true/false

Max spread: xxxx points (if too high, no position opened)

Position opening should only take place if stop loss is a maximum of xxx points away from the price. True/false

Only open a long trade if RSI is between xx and xx. This function should be able to be activated/deactivated.

Only open a short trade if RSI is between xx and xx. This function should be able to be activated/deactivated.

Position opening only if the ADX line is below xx.xx points. True/false

All open positions should be closed at xx:xx true/false

Maximum number of trades open at the same time: xx

Maximum daily drawdown: xx.xx% of the equity max for the respective day. True/false

Maximum daily drawdown: xx.xx% of the balance closing level of the previous day. True/false

General stop of the EA at: xx.xx% loss of equity/balance. Restart/reset should be possible manually. True/false

This EA should be able to run on several (different) charts in an open MT5 window in parallel in live and/or demo.

Backtests should be possible.

The EA should have the Magic Number function. I would like to be able to enter a different number for each of the charts in the same MT5 window.

The EA should actually place the stop loss and take profit orders in the market when the position is opened.

When using a preset time period to close the position, the stop loss and take profit orders should be deleted when executed.

If a new signal comes for a trade and an old one is still running, the old one should be closed and the new one opened. True/false

If a new signal comes for a trade and an old one is still running, the old one should continue to run until the exit and no new one should be opened. True/false

The window for entering the parameters should be in English.

The setting options for the indicators should also be editable in the settings window. The settings presented in the video should be saved as standard.

Explanations:

The function should be able to be activated/deactivated wherever true/false is at the end.

Wherever one or more x's appear as a value in the above information, I would like the number of possible input positions to be analogous to the number of x's (example: xx.xx means 12.35 should be possible to enter).

By points I mean the smallest change in the decimal place (example EUR/USD: the difference between 1.08345 and 1.08353 is 8 points).

I hope I have thought of everything. If you have any questions, please contact me immediately.

Additional suggestions from the programmer (the price is negotiable)?

Attachments:

Source codes in Pine Script for both indicators

Kind Regards