Function description of the attached EA (for metatrader4):
The EA places a LONG order at the HIGH of the previous candle AND a SHORT order at the low of the previous candle. There are several more inputs - never the less most of them are irrelevant.
You might want to test it your self for better understanding. If so, make sure to use the attached set file on GBPUSD, timefrime D1.
Changes to be done:
1. Pending orders have to be replaced by market execution, as soon as price hits the calculated entry. For visual support, the EA must draw horizontal lines for both entrys and take profit / stop loss.
Things to add:
1. Money Management using
A. Fixed values PER trade (lets say 100 USD) which calculates the needed lot size depending on the accounts currency and the accounts blance (not the equity!)
B. Risk in % PER trade. Lot calculation based on accounts balance (like described above)
C. Fixed lot size PER trade. Basically this one is already available at the EA.
Thats it! Thanks in advance for your time!
15 freelancers are bidding on average €170 for this job
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Hello. My name is Daniel. I have studied Computer Science and a postgraduate in finance. I have a lot of experience with MQL4. I can help you with your project. My skype ID is daniel.restrepo.montoya