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Dear Developers,
I have existing EA with mq4 and mq5 files and like to add on extra functions and features for both versions.
This is a grid hedging martingale EA.
Please do not bid if you are not confident of completing the job, let us not waste each other's time.
1. Allow input for different magic number for BUY and SELL (Currently, it is using same magic number for both BUY and SELL)
Eg: Magic number for BUY = 1, Magic number for SELL = 2
and the same calculation method will apply to the magic number instead of total BUY or total SELL orders
2. Add on time filter for each day individually.
Eg: Mon = 00:01-23:59, Tue = 01:00-23:30 etc. (Monday to Sunday)
True/false to close all trades at end of trading time of this filter for each day. Eg: Tue close all trades at 23:30 True/False, Thur close all trades at 23:30 True/False and so on.
This has to be coded in EA so that no need to disable autotrading.
3. Add on max spread filter
Eg: 0=off, other numbers for spread in points
(If spread and slippage exceeded, retry same order again when conditions are met, but if price falls back to below original intended price, do not retry)
Eg: Max spread is 2 points, slippage is 2points, 1st original BUY price is 1.00001, price drops to 0.99994 and spread widens suddenly to 6points.
Scenario 1 - Price then rises to 1.00007 - do not retry because it went above original BUY price (based on martingale when in loss)
Scenario 2 - Price then drops further to 0.99980 and spread is back to normal at 2points and did not exceed slippage when retrying BUY at 0.99980. Trade to be executed.
The price do not need to be the same as original, as long as it is higher/lower. (If sell, price should be higher, if buy price should be lower because of martingale)
4. Add on news filter based on forexfactory calendar
Eg: News filter is coded into the EA and does NOT require to turn off autotrading.
Inputs = x mins before news, x mins after news
True/false to close all orders x mins before news
During time period of news filter, cannot open new orders and cannot close existing orders even if target is reached.
Exception for equity trailing condition below.
5. Enable/disable total equity trailing in money value during news filter period
Eg: News is 1530hrs, filter starts 10mins before news at 1520hrs, filter ends 10mins after news at 1540hrs.
ONLY during 1520hrs to 1540hrs equity trailing is activated
During time period of news filter, enable/disable equity trailing in money value, but enable/disable block out x mins before and after news absolutely no closing even if trailing hits target.
Inputs: Equity Trailing start when x $ amount floating profit, trailing stop loss x $ amount below trailing start value floating profit, trailing step $0.01 onwards (all in money value)
After 1540hrs, equity trailing is disabled.
6. Enable/disable increase distance by multiplier starting from after x positions of BUY or SELL and continue multiplying.
Eg: Increase distance by multiplier 1.2 after 3 positions. 4th position opens after multiplying by 1.2 x initial distance of 200=240 , 5th position multiply by 1.2 of 4th position distance of 240 and so on.
If 4th to 5th is 240, then 5th to 6th will be 288, 6th to 7th will be 288x1.2=345.6points (roundup to 346)
Separate input for BUY and SELL.
7. Enable/disable VWAP - If price is above VWAP 1 or 2 or 3 allow BUY or SELL only, if price is below VWAP 1 or 2 or 3 allow SELL or BUY only (for counter trend setup). But if there are existing positions during when price crosses VWAP, continue the original cycle until it ends.
Need 3 VWAP with inputs to Timeframe, period. Eg: H1, Period 10, H4 period 8, D1 period 5, M30 period 14 etc.
8. Add a separate hedging string feature. (specs will be released to successful candiate)
9. Add licensing to EA
Please ask me any question for further clarification.
Thank you for reading!
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