A few modifications needed to Expert Advisor for MT4.
New expert will be backtested, demo tested, and live tested to ensure proper functioning before releasing escrow funds.
## Deliverables
See attached EA to be modified
1.) the way this EA trades is it places an order every x amount of movement. So if its 15 pip spacing then it will sell when the price moves down 15, and buy when it moves up 15. I need it to place orders only above our lowest buy and lower than our highest sell so we dont have duplicate orders in the same spot.
ex. the way it trades now is this (this is price movement)
entry 1.5000 buy
1.5015 buy
1.5000 sell
1.5015 buy
this is the way it needs to work
entry 1.5000 buy
1.5015 buy
1.5000 (do nothing we are already in a position)
1.5015 (do nothing we are already in a position)
it would only enter a sell position at lower point than 1.5000
and every 15 lower than that (or x amount per NEXT TRADE function)
it would only enter a buy position every 15 higher than that
and every 15 higher than that (or x amount per NEXT TRADE function)
*Note: I would like there to be a function to separate the initial buy and initial sell orders.
**
Initial buy/sell spacing = true/false
spacing amount = 25**
What this would do is only start our sell orders if our buy has dropped 25 pips or vice versa - all other orders would be according to our next trade function.
Ex: entry 1.5000 buy
1.4975 sell
1.4960 sell
1.4945 sell and so on (our next buy would only happen at 1.5015)
**
2.) Retracer function - true/false**
set to true would be the reverse condition of trades and in one direction
example with retracer set to true -
if our initial entry is short as defined by the MA entry (setting in the advisor) all following trades would be short until closed out by the profit manager. then if the next entry is determined to be long, all trades will be long until closed out by profit manager.
all shorts will be placed HIGHER than our initial sell. it would look like this with next trade set to 15 (we are waiting on retracement of price)
entry sell : 1.5000
sell : 1.5015
sell : 1.5030
sell : 1.5045
sell: 1.5060
opposite is true for long entry
Please ask any questions if this is unclear before bidding.