Range EA with Recovery system - MQL4/MQL5

Thank for checking my job

The EA details below:

I will give you the opportunity to write this either in MQL4 or MQL5

The idea behind this simple Forex trading system is to capture an early move of the price when it starts to establish its new direction/trend for the day.

As we know the Frankfurt market opens at 2:00 am EST (which is 7:00 am GMT), then an hour later the other giant - London market opens at 3:00 am EST (which is 8:00 am GMT). The European session is the first major session for each coming day.

So, what do we do?

We start with 1 hour time frame, preferred pair - GBP/USD and no indicators.

The price range we are going to focus on is from 1:00 am EST to 2:00 am EST.

We look for the highest high and the lowest low of the price in that range and simply draw parallel horizontal lines through those extremes that will create a tunnel.

Now we are ready to move to a smaller time frame - 5 minute chart - and watch for the whole 5 min candle to close outside the tunnel which will provide a signal for us to enter with the open of the next candle.

Opens 3 positions when it get opportunity gets triggered and delete the opposite one.

3 split entries  (0.01 x3 if 0.03 is chosen )

Editable ranges

SL 250 ( able to  change but 250 will be default )

No TP

Trailing

Breakeven

Next day multiplier 

How many days it will multiply

--------------------------------------------------------------------------------------------------

Recovery System :

1 - If price goes against 100 points it open and additional position (3 original + 1 )

when/if 

2 -  ( MOST IMPORTANT PART OF EA )

EA goes into profit  and keeps trailing ( while in profit ) ,when the price goes against trailing and it closes in profit, the EA will close the losing positions and profitable positions if the Whole is positive. This only happens when the positions are still on and it goes into the second day.

Example

DAY 1 - Buy Opportunity triggered - 3 x 0.01 -> Price went against 100 points -> EA opened a 4th position = EA with losing positions opened.

DAY 2 - 4 positions from previous day + New sell opportunity spotted -> News sell opportunity triggered -> 3 sell positions in profit -> EA spotted 3 sell positions + 2 buying positions if closed they close in profit = EA closes 5 positions and leaves 2 losing positions open

DAY 3 - 2 losing positions  (buy from DAY 1 , recovered on DAY 2  ) -> Buy position spotted -> EA open 3 entries -> all go into profit -> all closed

This can very, if EA can close  1,2 or all i will depend how far the trailing stop will go. If the EA closes in breakeven or small profit an cannot close any position the EA will try to recover next day, this time at 1.8X

The EA will close al position in sequence batch.

The 2 batch closes 1, the 3 closes 2 and so on.

------------------------

Source code at the end of the project and all settings for the EA.

Will be more than happy to answer any question.

Thank you