To build an EA based on “Daily Auto Pivot support and resistance levels”

To build an EA based on “Daily Auto Pivot support and resistance levels”

Below are the requirements and options that EA should have.

The indicator will be provided to build EA.

1.       Indicator:                     Daily Auto Pivot support and resistance levels (S1, S2, S3 / R1, R2, R3)

2.       Timeframe:                Any

3.       Currency:                    Any

4.       Stop loss:                     Adjustable in pips (can enable or disable the function)

5.       Trailing Stop:              Adjustable in pips (can enable or disable the function)

6.       Slippage:                      Adjustable in pips (can enable or disable the function)

7.       Breakeven:                 Adjustable in pips (can enable or disable the function)

8.       Take profit                  Adjustable in pips for each and every support (S1,S2,S3) and resistance (R1,R2,R3) levels. Different TP for difference support and resistance levels. It means 6 types of Take profits in pips

9.       Trading time:             Adjustable GMT, EST (can enable or disable the function)

10.   Trading time:             Use broker MT4 time (can enable or disable the function)

11.   Money Management: Auto increase lot size as per balance (can enable or disable the function)

12.   Risk Management: Can enable or disable the function

13.   Lot size: Fix lot option: example 0.1

14.   Multiple fixed lot option (can enable or disable the function): example 0.1 x 10

15.   Buy order conditions

a.       Trading option-1 (enable or disable the function)

Open buy trade when candle touches the S1, S2, S3 levels (one time in one day on EA applied any currency e.g EURUSD). Don’t open buy if candle touch again S1, S2, S3 until end of the trading day.

b.      Trading option-2 (enable or disable the function)

Open buy trade above or below the S1, S2, S3 levels (can adjust pending orders in pips above and below support levels) example EURUSD S1 level is 1.14100 so open buy limit pending order at 1.14150 2^nd buy limit order at S1 level 1.14100 and 3^rd buy limit order 1.14050 (can use this function by enabling or disabling)

c.       Trading option-3 (enable or disable the function)

Delete all pending orders if 2^nd day pivot levels appears and changed support and resistance levels for next day.

Again I repeat if EA buy order opened at pending order 1.14150 and go up at 100 pips at 1.14250. EA should remove other pending buy orders above or below S1, S2, S3 and do not trade again if candle again touch S1, S2, S3 until end of the trading day and wait for the next day levels.

Condition-4

If trade completed on S1 and price move to S2 and then move to S3 and perform trades and same day comeback to S2 and S1 levels. EA should not open any buy on S2 and S1 again if touches that levels in the trading day.

Condition-5

Can enable or disable to trade (example: if disable to trade S1 & R1 EA should not trade on these levels only trade on S2,S3, R2, R3) enable or disable function required for all 6 levels 

16.   Sell order conditions: same criteria is required for Sell trades on R1, R2, R3

If you need any example or further information, please feel free to contact regarding creating this EA.