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I need someone to write me an EA for MT4
This EA will be based on Murrey Math lines - don't worry too much about this part, because i am willing to enter the distance of the lines, and all you need to do is draw the lines.
But, then once the lines are drawn, then the EA will take an entry at one of the lines, and manage the trade
For eg.. I say Go Long at 1/8 line with stop of 15pips (stop based on 1/8 distance between two lines)
Then if i get stopped out, then the system must automatically place a buystop order back at my initial entry with my stop again 15pips (or whatever it was)
Then if i get stopped out again, then again the system must place now a buy stop at my initial entry.
Now then, it also needs a TRAILING stop (which i set within the EA), but the trailing stop should only kick in, when i say
for eg.. maybe i want the market to move 50pips, and only then start to trail it by 30pips.. so keep that in mind
Also keep in mind that the system needs to be able to place multipel trades..
So for eg.. i may want to put an entry at the 1/8th line, and also at the 0/8th line
The system would then enter at the 1/8 in accordance with what is told above... then if i get stopped out (after 15pip), then it places another BUY STOP at my initial entry, but ALSO places a BUY LIMIT at the 0/8 lines. If the 0/8 buy gets filled, then it needs to cancel the BUY STOP order
The system must cater for multiple position sizing. So if i enter two contracts, then i need to be able to set different exit limits for each contract.
Most importantly, the system must be able to be back tested. So you must SHOW me a back test of the system.
WIth the lines, and the entries etc.
MM Lines must use appropriate colours. and must work on multiple time frames
I am flexible, and im sure new things will arise from this when you begin. so just factor that in