I need a MQL EA programmed for maximizing churning according to my own strategy
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- #2266727
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Description
Experience Level: Entry
This strategy is simply made to generate volume to the IB per predefined rule set of the different brokers and theyr IB programs.
A brief description of what the algorithm should do.
Since im a Introducing broker i want first of all a interface inside the mt4 chart showing which currency pairs the algorithm is active on. i want in the options setting to be able to put in what amount in USD im being paid by the broker. and for it to be summarized based upon the input as a number for current month earnings "CME"
The Algorithm should also show the profit that has been done on this specific currency pair and i should in the back end options be able to set a % of how much of these profits i would like to keep this will act as a exit for when the algorithm should stop working.
The algorithm should be able to hedge and unwind one side of the hedge automaticly every set amount of minutes due to broker restrictions on how many minutes a order needs to be open for the rebate to be legitimate.
The algorithm should show the spread cost in amount of account currency which is going to be lost per closing and opening of a hedge. It should automaticly close the winning side of the hedge and reopen directly every set amount of minutes that i choose. it also needs to have a time filter to not open and close Hedge when the spread is to high where it will eat away to much of our profit.
So lets break it down.
The account balance is 100 000 USD we manage to trade that to 110 000 USD
Now we have 10 000 USD to spend we set in the algorithm that we want to keep 10% "Profit" variable
The Algorithm should print on screen the amount of opening and closing hedge we can afford with current spread cost. We call this variable "HAL" Hedge amount Left now note that this HAL should be calculated on the current spread of the profit minus the % that we want to keep comissions will be automaticly deducted as well from the backend settings.
It will continue to close the winning side of the hedge and reopen it every set amount of minutes until the profit target is reached when the spread is okay during daytime.
Also note that the other side of the hedge and the losses that occurred there needs to be taken in to consideration for the profit % target to also not loose more then 10 Percent of what we are looking to keep, so based upon the volatility of the market you might need to close earlier then the profit target is reached.
A brief description of what the algorithm should do.
Since im a Introducing broker i want first of all a interface inside the mt4 chart showing which currency pairs the algorithm is active on. i want in the options setting to be able to put in what amount in USD im being paid by the broker. and for it to be summarized based upon the input as a number for current month earnings "CME"
The Algorithm should also show the profit that has been done on this specific currency pair and i should in the back end options be able to set a % of how much of these profits i would like to keep this will act as a exit for when the algorithm should stop working.
The algorithm should be able to hedge and unwind one side of the hedge automaticly every set amount of minutes due to broker restrictions on how many minutes a order needs to be open for the rebate to be legitimate.
The algorithm should show the spread cost in amount of account currency which is going to be lost per closing and opening of a hedge. It should automaticly close the winning side of the hedge and reopen directly every set amount of minutes that i choose. it also needs to have a time filter to not open and close Hedge when the spread is to high where it will eat away to much of our profit.
So lets break it down.
The account balance is 100 000 USD we manage to trade that to 110 000 USD
Now we have 10 000 USD to spend we set in the algorithm that we want to keep 10% "Profit" variable
The Algorithm should print on screen the amount of opening and closing hedge we can afford with current spread cost. We call this variable "HAL" Hedge amount Left now note that this HAL should be calculated on the current spread of the profit minus the % that we want to keep comissions will be automaticly deducted as well from the backend settings.
It will continue to close the winning side of the hedge and reopen it every set amount of minutes until the profit target is reached when the spread is okay during daytime.
Also note that the other side of the hedge and the losses that occurred there needs to be taken in to consideration for the profit % target to also not loose more then 10 Percent of what we are looking to keep, so based upon the volatility of the market you might need to close earlier then the profit target is reached.
Jan F.
94% (14)Projects Completed
17
Freelancers worked with
14
Projects awarded
18%
Last project
4 Jun 2020
Cyprus
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