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Metatrader Trading EA

This project received 3 bids from talented freelancers with an average bid price of $242 USD.

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Employer working
Skills Required
Project Budget
$30 - $250 USD
Total Bids
3
Project Description

I would like to know what the cost would be to generate an EA, based on the following conditions:
Currency Pairs: AUS/USD, USD/JPY, EUR/USD, GBP/USD, EUR/JPY, USD/CAD, EUR/GBP, GBP/JPY
30 Minute periods charts

Condition to enter trade:
First, Determine Trend. Chart 20 Exponential Moving Average, Chart 27 Simple Moving Average.
If 20 EMA is above 47 SMA, then in Uptrend; if 20 EMA is below the 47 SMA, then in a downtrend. Also plot 2 EMA for information purposes.
Second – If an uptrend and FTG OBS Indicator (which I can provide to you) is [url removed, login to view] or below, for a complete period, then upon the beginning of the new period, enter the following pending buy orders with the following prices:
Order 1:
Lot Size: [url removed, login to view]
Buy Stop Price = previous candle high + 2 pips
Stop Loss = swing low (value will be the lowest low in the previous 5 candles) – 5 pips,
Take Profit Target = (Buy Stop Price – Stop Loss) + Buy Stop Price



Order2:
Lot Size: [url removed, login to view]
Buy Stop Price = previous candle high + 2 pips
Stop Loss = swing low (value will be the lowest low in the previous 5 candles) – 5 pips,
Take Profit Target = 1.5 * (Buy Stop Price – Stop Loss) + Buy Stop Price

Order 3:
Lot Size: [url removed, login to view]
Buy Stop Price = previous candle high + 2 pips
Stop Loss = swing low (value will be the lowest low in the previous 5 candles) – 5 pips,
Take Profit Target = 2 * (Buy Stop Price – Stop Loss) + Buy Stop Price

Order 4
Lot Size: [url removed, login to view]
Buy Stop Price = previous candle high + 2 pips
Stop Loss = swing low (value will be the lowest low in the previous 5 candles) – 5 pips,
Take Profit Target = Keep order open, until 2 EMA changes direction
Chronology of trade:
Once first target is hit, order 1 will close and then order 2, 3, 4 will have the stop loss moved to the original buy price.
Once second target is hit, order 2 will close and then order 3, 4, will have the stop loss moved to the take profit value in order 1
Once third target is hit, order 3 will close.
Order 4 will close once the 2 EMA changes direction

In the event that the order is not triggered, based on the above conditions, then, review the next period or candle, if the high of the period is lower than the high of the previous candle, then use this new value in calculating the buy price. If the high of the period is higher than the previous high, then continue to use the buy price from the original pending long order. Continue to calculate the stop loss based on the swing low mentioned above, and the Target price based on the calculations above. During the new period, the FTG OBS Indicator must have a value of [url removed, login to view]% or below.
Once the FTG OBS Indicator exceeds [url removed, login to view]% level, then cancel pending orders that have been yet to be filled.
If a downtrend, and FTG OBS Indicator is .90 or above, for a complete period, then upon the beginning of the new period, enter the following pending sell orders with the following prices:
Order 1:
Lot Size: [url removed, login to view]
Sell Stop Price = previous candle low, - currency pair spread - 2 pips
Stop Loss = swing high (value will be the highest high in the previous 5 candles) + currency pair spread + 5 pips,
Take Profit Target = Sell Stop Price - (Stop Loss – Sell Stop Price)

Order2:
Lot Size: [url removed, login to view]
Sell Stop Price = previous candle low, - currency pair spread - 2 pips
Stop Loss = swing high (value will be the highest high in the previous 5 candles) + currency pair spread + 5 pips,
Take Profit Target = Sell Stop Price – (1.5 *(Stop Loss – Sell Stop Price))

Order 3:
Lot Size: [url removed, login to view]
Sell Stop Price = previous candle low, - currency pair spread - 2 pips
Stop Loss = swing high (value will be the highest high in the previous 5 candles) + currency pair spread + 5 pips,
Take Profit Target = Sell Stop Price – (2 * (Stop Loss – Sell Stop Price))

Order 4
Lot Size: [url removed, login to view]
Sell Stop Price = previous candle low, - currency pair spread - 2 pips
Stop Loss = swing high (value will be the highest high in the previous 5 candles) + currency pair spread + 5 pips,
Take Profit Target = Keep order open, until 2 EMA changes direction

Chronology of trade:
Once first target is hit, order 1 will close and then order 2, 3, 4 will have the stop loss moved to the original buy price.
Once second target is hit, order 2 will close and then order 3, 4, will have the stop loss moved to the take profit value in order 1
Once third target is hit, order 3 will close.
Order 4 will close once the 2 EMA changes direction

In the event that the order is not triggered, based on the above conditions, then, review the next period or candle, if the low of the period is higher than the low of the previous candle, then use this new value in calculating the sell price. If the low of the period is lower than the previous low, then continue to use the sell price from the original pending long order. Continue to calculate the stop loss based on the swing high mentioned above, and the Target price based on the calculations above. During the new period, the FTG OBS Indicator must have a value of 50% or greater.
Once the FTG OBS Indicator falls below 50% level, then cancel pending orders that have been yet to be filled.

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