I wish to create a customizable EA that works on MT4's price range bar charts, not the normal time based charts.
Only experienced programmers need apply.
It will execute Buy/Sell signals when my custom indicator conditions are met, for example :
- Break of major and minor support/resistance trend lines.
- Multiple moving averages are in the same direction.
- MACD cuts above/below zero line.
- 2 x Custom indicators are showing up/down signals.
Stop Loss level and Profit Levels are based on Fibo retracements /extensions levels.
Maximum Risk Per trade is based on a certain percent of total account equity, for example Max Risk is set at 2% per trade.
Once a trade is still open , it must not enter a new trade.
Maximum Draw down is based on a certain percent of total account equity, for example Max Draw down is set at 15%. Once this level is maxed out, it will not enter any new trades until it is reset by user.
EA must cater for AutoGMT offset for the broker's MT4 platform.
EA must cater for both 4 digits and 5 digits brokers.
EA must be able to operate on any currency pair using price range bar charts.
Must incorporate sequential profit taking, for example :
- When 1st Profit Level is hit, 50% of the initial lot size is closed,
and Stop Loss is moved to Break-Even Plus spread.
- When 2nd Profit Level is hit, 50% of the remaining lot size is
closed, and Stop Loss is moved to 1st cut off value based on Fibo
- When 3rd Profit Level or more is hit, trailing Stop Loss is
constantly tightened to subsequent cut off value based on Fibo
EA must allow for external input variables for the different indicators, allowing user to change parameters for the moving averages, MACD settings, Risk per trade, Max Draw down, Profit Levels Settings, Stop Loss Settings etc.
Please submit your quote if you have the relevant experience and understood the conditions stated above.
Many thanks in advance.