Expert Advisor needed for the first trading day of the month trade

See setup example attached.

EA Input Settings Required  

Slippage: Maximum amount of slippage the EA will allow.

Max_Spread_Pips: Maximum amount of spread the EA will allow.

Lots Settings

• Calculation_Based: Balance/Equity/Min_Equity_Or_Balance
• Balance – Percentage of current balance to be used.
• Equity – Percentage of current equity to be used.
• Min_Equity_Or_Balance – EA will select whichever is the smaller value.
• Risk_Percentage: Percentage amount to risk on the trade

 Entry Settings

• Pips above the high/low of the candle

Stop Loss Settings

• Full candle range
• Half candle range
• Quarter candle range

Profit Target Settings

• Mulitplier: Reward to risk ratio the EA will use.

Break Even Settings

• Use_Break_Even: True/False
• Break_Even_At_Profit: Select the multiplier at which the stop loss can be moved to break even. i.e. at 1:1 move stop to BE.
• Break_Even_To: Number of pips above the entry point. i.e. you would put the breakeven point just above entry to cover costs on the trade.

Trailing Stop Settings

• Use_Trailing_Stop: True/False
• Trailing_Stop: : Select the multiplier at which trade must be in profit before the trailing stop will be initiated. The stop loss will be moved to break even at this point and then the trailing step will kick in. i.e. at 1:1 move stop to BE.
• Trailing_Step: Multiplier of profit from break even level before the stop loss will be moved again. i.e. at 1.5:1 move stop 0.5:1 in distance from break even level.

Chart Info Settings

• Display_Chart_Info: True/False
• Font color for the Chart Info: Pick a display colour (default can be gold)

Info to display example

TSC_FDOM

Magic Number: 111111

Buy Trade: Active

Sell Trade: Not Active

EA Expiry Date: 2020.06.30