Program a Robot in MQL4
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Forex Trading Robot (MT4 EA), eSignal, Ninja Trader Expert/Developer/Coder (UK Based)
London
1571325542021878891245803824829932490587
Description
Experience Level: Intermediate
MQL4 for MT4 and MT5 robot for automated trading needed.
The ruleset is simple: Buy/Sell on a breakout of 20 days. The stop/trailing stop is the 20 period
Exponential Moving Average. If the trailing stop gets touched – you exit, awaiting a new long or short entry.
I also want to be able to adjust the risk by percentage of account balance. For example I can set it to risk X% of Account balance.
see pdf attached for example
For a bullet point of the rule set:
- buy is triggered 1 pip over the highest of the last 20 days
- sell is triggered 1 pip below the lowest of the last 20 days
-trail is the 20 period ema..it automatically closes out the position no matter if it's for a loss or gain..once it touches the 20 period ema the position is closed out at that exact time
- this rule set will only have one position either long or short on any one pair.
- once it is stopped out (either for a profit or loss) it goes back to looking for another entry of the 20 day high or low
- amount risk is a percentage of the account at the time of entry. For example I can set it to 3% and it would calculate how much lots or mini lots to risk from point of entry to where the current 20 period ema is. So if the 20 period ema is 100 pips away it will calculate the lots to risk based on a certain percentage of my account.
The ruleset is simple: Buy/Sell on a breakout of 20 days. The stop/trailing stop is the 20 period
Exponential Moving Average. If the trailing stop gets touched – you exit, awaiting a new long or short entry.
I also want to be able to adjust the risk by percentage of account balance. For example I can set it to risk X% of Account balance.
see pdf attached for example
For a bullet point of the rule set:
- buy is triggered 1 pip over the highest of the last 20 days
- sell is triggered 1 pip below the lowest of the last 20 days
-trail is the 20 period ema..it automatically closes out the position no matter if it's for a loss or gain..once it touches the 20 period ema the position is closed out at that exact time
- this rule set will only have one position either long or short on any one pair.
- once it is stopped out (either for a profit or loss) it goes back to looking for another entry of the 20 day high or low
- amount risk is a percentage of the account at the time of entry. For example I can set it to 3% and it would calculate how much lots or mini lots to risk from point of entry to where the current 20 period ema is. So if the 20 period ema is 100 pips away it will calculate the lots to risk based on a certain percentage of my account.
Nicholas J.
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7 May 2024
Canada
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