Update to an existing range trading EA

London Range Trader -  EA Specification

Overview

• This is a specification for an update to the London Fake-Out EA.

• I will provide the source code for the EA to be updated.

• I require the source code along with the executable file. 

Rename the EA to “London Range Trader”

TIME SETTING

Delete the following parameter and however it is used in the code: 

BrokerTimeZone (default value 0)

ENTRY METHOD

Under Trade_Entries and before Entry_Buffer, add the following option:

Entry_Method: 

• Fake_Out (default)

• Break_Out

If Fake_Out is selected, the EA behaves exactly as the London Fake Out EA using limit orders.

If Break-Out is selected, the EA will place stop orders instead of limit orders. The entry price is the same but instead of a limit sell, a stop buy order is placed; and instead of a limit buy, a stop sell order is placed.

Regardless which entry method is selected, all of the other rules apply to manage the trades.

STOP LOSSES

After Fixed_SL, add the following additional option to move the SL to break-even after price has moved x pips in a favourable direction:

Go_BE:

• MinVal: 0 

• Default: 0 (this also means it is not in use)

NB: if this option is used then the Trailing Stop Loss parameters are ignored.

TIME CLOSURES

Add an option for whether positions are closed at a fixed time:

FixedTimeClosure:

• Boolean or checkbox

• DefVal = Y

If FixedTimeClosure is set to Y then the ClosePositionsAt is used and all open positions are closed at this time. This is the same behaviour as the London Fake Out EA.

If FixedTimeClosure is set to N then the ClosePositionsAt is ignored and any open positions are allowed to run until they are closed by their TP, SL or TSL. Also, no new orders are to be placed until all open positions have been closed by their TP, SL or TSL. If all positions have closed before RangeTimeStart then the EA can continue as normal; otherwise the EA has to wait until the next day before placing a new order.

TRADING DAYS

Add the option to select or deselect any day of the week i.e. if deselected then no orders will be placed on that day but any existing position that is running is allowed to continue.

This can be Y/N or check-boxes:

Mon: Y/N (default = Y)

Tue: Y/N (default = Y)

Wed: Y/N (default = Y)

Thu: Y/N (default = Y)

Fri: Y/N (default = Y)

OTHER

Under Trade Sizing:

Check the code for the option to use Fixed %, as I’m not convinced this is working correctly. This is supposed to size the trade based on a fixed % of the balance. If necessary, correct as required.

Make the following editable parameters:

Magic Number: defVal ‘5555’

Comment: defVal is the value of Entry_Method

END OF SPEC