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327456 mt4 platform mediator required

Note: I had to resubmit this project after spinning my head round it a little bit....

Hi,

I need a “mediator” to semi-automate my entry/ manage my trade(s)-mt4 platform- based on the following rule (which should be adjustable)- I am using a signal indicator which works fine, so based on the buy/sell signals that will be generated- *I want something that if I simply drag and drop, or hit the buy or sell button the following pending order(s) rules will be entered automatically based on the ATR (Average True Range, set period to 20) at the entry price point-). It's not a whole robot, I will need to be there to trigger (i.e. drag and drop or something) to let the system place the trades and let it continue from there.

[url removed, login to view] of a take profit, we will rather use Trailing (Profit) Stop(s)- Where 1st trail will be to the open price when in the money at +/-yATR (i.e when trend has moved in our favour in the same number of pips or distance as the Stop from the open price ). At this point, moving the stop to the open price makes the trade risk free and in case it reverses against us we only stand to loss the spread and nothing else. **The 1st trail to the open price (making the trade risk-free) the system certainly has to use the ATR from the opening.

-After that-

2nd trail-, it will be more reasonable to be adaptive by using the most recent ATR value, which will be the most recent volatility measure. (+/-x*ATR, most recent ATR ), then from here a fixed “step” trails z*ATR to lock in profits until its hit.

-** that said-

The only issue the “step” trailing profit stop might pose, which you may be able to help with. -if the 2nd trailing profit stop doesn't give some room to avoid random noise and allow the trend to continue at some points then exit will be easily triggered prematurely. So for example, if the 2nd trail is 3.5*ATR from the open, then it will be reasonable to have some breathing space to allow the "milking" trail to happen! So actual trail probably should be say 2.5*ATR when the price has gotten to the 3.5*ATR then step trail at say every 1*ATR ????

I'm not a programmer, but it seems everything about this system will be built around the ATR indicator from the price point buy or sell, or if I'm wrong tell me...????

Example: I get a signal to buy or Sell at price P, the ATR set at period 20 at that moment is ATR, then I should have the following for example: Stop at P+/-1.5*ATR 1st Trail stop (+/-1.5*ATR) to P (the open price only when we are in the money (P+/-1.5*ATR)- making the trade a “free trade”, then 2nd trail (for example) to P+/-2.5*ATR (to lock in profits) when the price has actually gotten to 3.5*ATR from open, then a step “milking” trail (say trail at every z=1*ATR to lock in some more profits, if the opportunity is there until I get stopped)

Where, the values y= 1.5, x=2.5:3.5, and the z are adjustable.

I'm not a programmer, but it seems everything about this system will be built around the ATR indicator from the price point buy or sell, or if I'm wrong tell me...????

I would be glad if you can do this. Please let me know as soon as possible with your quotation. Looking forward to hear from you soon.

Sincerely,

Henry Nifah

Kemahiran: Semua Boleh, Pengaturcaraan C, SQL

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Tentang Majikan:
( 3 ulasan ) Harlow, United Kingdom

ID Projek: #2073263