Design trade monitoring EA with Take Profit & Trailing Stop

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Bids
5
Avg Bid (USD)
$63
Project Budget (USD)
$30 - $100

Project Description:
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Design an intelligent EA that will monitor trades only on the chart it is attached to. It will activate Stop Loss, Trailing Stop and allow partial closing of positions when each pre-set target is reached. All functions are activated automatically when the conditions are met.

The EA will expire at the pre-set date and the source code will bot be accessible by an intruder.


Stop Loss Function:
The EA will read the account equity and calculates a pre-set percentage of the equity as risk tolerance and automatically place Stop Loss on the calculated value.

The EA will also set Stop Loss to Breakeven once X amount of pips is achieved as profit on the chart it is attached to and delete the first Stop Loss it placed above.


Trailing Stop Function:
The EA will activate Trailing Stop for any positions opened on the chart the EA is attached to and trail the position.


Take Profit Function:
The EA will have 4 Take Profit levels. It will exit 20% of the lot traded when price moves a pre-set number of pips from Breakeven. For example,


1st Take Profit:
When price moves 25pips from Breakeven in favor of the trader, the EA exits 20% of the lot traded only on the chart it is attached to.

2nd Take Profit:
When price moves a total of 50pips from Breakeven in favor of the trader, the EA exits another 20% of the lot traded only on the chart it is attached to.

3rd Take Profit:
When price moves a total of 75pips from Breakeven in favor of the trader, the EA exits another 20% of the lot traded only on the chart it is attached to.

4th Take Profit:
When price moves a total of 100pips from Breakeven in favor of the trader, the EA exits another 20% of the lot traded only on the chart it is attached to.

The remaining 20% of the lot traded will be left alone to ride the trend to the end.


Account Information:
There will be a separate indicator that will read the name of the trading account (demo or live), equity and balance and print it on the upper left corner of the chart screen it is attached to.

The separate indicator will also count down days from a pre-set date and each day, it prints the remaining days on the upper left corner of the chart screen with pre-set instruction. When it counts down to zero day, the counter and the instruction will disappear.

Including all testings and debugging, I want this project to be completed and delivered in less than 10 days.

No milestone will be created for this project. You are guaranteed regular ongoing different works of this nature if you can deliver promptly and as per project description.

Thank you.

Skills required:
Metatrader
Hire MegaTrend
Project posted by:
MegaTrend United States
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