Entry EA (MT5) with pending order.

Entry EA (MT5).

General rules:

The EA must work with FX, futures, indexes, all suffixes. (My broker is Pepperstone.)

Idea.

Idea of this strategy is to hug the price/candles from one side with pending order.

Pending and SL orders are trailing the price and kept at specific distances set in the variables to capture more of the trend, so the SL and pending orders would not be triggered by small amount of points counter move, to allow room to breathe for the EA.

Entry/exit rules:

Don’t enter immediately into the market, when the EA is added to the charts.

Wait when new candle opens, then put pending order and SL above/below previous candle at specified distance in points in variables.

Pending entry and SL orders are moving together (trailing candles movements) with the trend at distance set before in variables.

When pending order is triggered, then SL does not move and stays at the same level.

Additional rules:

If the EA closes position with the profit in specific financial instrument, then stop trading this specific financial instrument for this day. Resume trading next day.

If SL is triggered, wait till candle closes, then put pending buy/short and SL orders on this candle, start trailing candles till pending entry order is triggered.

When “Use not trading sessions”: Open trades stay open, don’t close them, when “Not trading start time” starts, but don’t open new trades.

If there are “X” losses in the row, then stop trading specific financial instrument. Resume trading the next day after XX:XX server time, specified in variables.

If entry candle (from candle highest high to candle lowest low) (Entry candle Max size) is longer than “X” points, then use one of next shorter entry candles to set 1 pending buy or 1 short order. (If Entry candle Max size is set to 50 points, then wait and enter the market only if one of next candles is less than 50 points.)

Variables:

Direction: Only Long/ Only Short.

Max spread, in points: 10.

Pending entry order distance from candle, in points: 21.

SL order distance from candle, in points: 29.

Risk per trade, SL, euro: 10.

Take profit (SL multiplier, RRR): 2.

Entry candle Max size (in points): 50.

Max losses in the row, per day, per financial instrument: 3.

Max slippage, points: 10(default). (Difference between needed price and price currently available. If set to “0”, then not set.)

Use not trading sessions: true/false.

Not trading start time: 24:00.

Not trading end time: 05:00.

EA must have backtesting capabilities.

I will need all the programming source code.

Remove any protection.