Dear Coders/Traders,
I want to give you a task to create an EA
for me which detects and trades a breakout profitably.
I want The EA to be meeting the following
criteria:
1.
Detect and
visualize the 'box' of ranging market for (x) candles (draw a box showing stop port and resistance)
2.
Place
pending orders above and below the range (SR)
Buy pending order (X) points above resistance
Sell pending order (y) points below support
3.
When 1st
trade is opened – example Buy0 - move the Sell Limit to Break Even (hedging in
case of a reversal)
4.
If the
trend continues - eg upwards - open next Buy after (x) points - Buy1 and move
the Sell Limit to Buy0 line
5.
If the
trend continues - eg upwards - open next Buy after (x) points - Buy2 and move
the Sell Limit to Buy1 line
6.
If the
trend continues - eg upwards - open next Buy after (x) points - Buy3 and move
the Sell Limit to Buy2 line
a.
continue
for (y) steps
7.
Once price
reverses past Sell Limit - Sell0 opens
a.
Close All
Buy trades (banking profit)
b.
Open Buy
Limit at previous top
8.
If the
trend continues - eg downwards - open next Sell after (x) points - Sell1 and
move the Buy Limit to Sell0 line
9.
If the
trend continues - eg downwards - open next Sell after (x) points - Sell1 and
move the Buy Limit to Sell0 line
10.
If the
trend continues - eg downwards - open next Sell after (x) points - Sell1 and
move the Buy Limit to Sell0 line
a.
continue
for (y) steps
b.
trailing
vs tp
11.
Once price
reverses past Buy Limit - Buy0 opens
a.
Close All
Sell trades (banking profit)
b.
Open Sell
Limit at previous low
12.
Detect
Range - Close All - Bank Profit
Includes Money Management to use Percentage
of account balance as lotsize, sl, tp, hardstop.
Should target news in live market also in strategy
tester (i can provide you the code if you need)
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*MQL5 Bot: “HH_HL_Simple.mq5”* Copy → Paste → Compile in MetaEditor. //+------------------------------------------------------------------+ //| HH_HL_Simple.mq5 | //| WARNING: FOR EDUCATION/DEMO ONLY. YOU CAN LOSE MONEY. | //| @kasii_trader_nela - Learn first, trade later | //+------------------------------------------------------------------+ #property copyright "Educational use only" #property strict #include
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