MT4 EA – Pending Orders on Objects (Touch Trigger) + Risk% + RR

Hi ,
I need an MT4 EA with the following requirements (BUY only):

1. BUY only: The EA must open BUY trades only. No sell orders at all.

2. Pending orders on objects (Touch trigger, no candle close):

• I draw objects on the chart: Trendline / Rectangle (Box) / Horizontal Line.

• The EA places a BUY pending order exactly at the object price so it triggers when price touches the object.

• For a trendline, the EA must continuously update the pending order price to match the trendline value (since it is sloped).

• The EA must automatically choose the correct pending type (Buy Limit / Buy Stop) depending on whether the object price is below or above the current price.

3. Risk-based lot sizing:

• Input: RiskPercent (e.g., 1%).

• Lot size must be calculated so that if SL is hit, the loss equals RiskPercent of the account balance.

4. Stop Loss (Semafor + clamp):

• SL is based on the latest Semafor Low.

• Clamp SL distance:

  • If SL distance > 10 pips → use 10 pips

  • If SL distance < 5 pips → use 5 pips

  • Otherwise use the actual distance

• Risk% must remain correct even if SL is clamped.

5. Take Profit by RR:

• Input: BaseRR (e.g., 3.0).

• TP = BaseRR * SL .

6. Break-even:

• At 1R, move SL to Entry + BE_Offset pips (offset is an input to cover costs).

7. Recovery (loss carry):

• If there are previous losses, the next trade increases TP to recover them.

• Cap the added recovery at 4R max per trade; remaining losses stay for later trades.

Best regards,