Simple Visual Trade Manager EA Metatrader

Visual JD Trade Manager EA for Metatrader

1. Brief description:

Create EA Trade Manager for MT4, price values will be set visually through lines placed on charts. There will be a line to move stop loss and two lines to take partial profits. It will also close a trade when exponential moving averages reverses.

2. Detailed description:

An EA Trade Manager shall be created for a 5 digit broker MT4 platform. The trade manager will manage orders that have previously been placed, the placed orders will all have a S/L. The EA will only manage one trade, specified through the initial order number. It will do the following things:

- Upon applying the EA advisor to a chart, three lines will be placed on the chart: Red, Magenta, Blue. The lines shall appear in the order R,M,B into the direction of the trade (apparent through stoploss and entry price). Red line will be placed on current stoploss level, Magenta line 30 pips in profit, Blue line 50 pips in profit.

- Red line: Can be moved by hand and will 'live' update the S/L of the current order.

- Magenta line: Can be moved by hand and will 'live' update the first take profit of the current order. Upon reaching the market price of the Magenta line, the EA will close a percentage of the trade (default = 65%). Smallest position size of the broker I am using is 0.01 lots (I'm using Hotforex Broker), if exact percentage of lot size can not be closed, EA shall round it to the nearest position size that can be closed.

- Blue line: Upon reaching the market price of the Blue line, the EA will close another percentage (default = 80% of the original position) of the trade and leave the 20% open. If the 'breakeven option' is set 'true' at the blue line the EA shall also bring the S/L to break even at the level of entry price (meaning that in case price hits stop loss there will be a zero loss) (move actual S/L setting in the MT4 order and move the red line with it).

The final remaining position size (20% of the first position) shall remain open until the three exponential moving averages (ema 4, ema 6 and ema 14) will reverse in the opposite direction: at that time the ea will close the trade automatically

As example: trade opened with 0.1 - when the price touch the Green line close 0.06 - when the price touch the Blue line close 0.08

- Any of the lines can be deleted if required, EA shall take only action at lines that are visible.

3. The following EA input values shall be available:

- Order Number (default is 000), the correct order number will be entered.

- Magenta TP (default value is 65%- this is the percentage value of the position to be closed at the green line)

- Blue TP (default value is 80% - this is the percentage value of the original position to be closed at the blue line)

- Break Even (default value is true - it will set sl to break even when the blue tp is reached)

- Email (default value is true - the ea will send a mail for every action that have been taken)

4. The EA shall also create some text (black color) in the top left corner of the chart:

- Top line in bigger text is current order number (this will be updated as EA takes actions and order numbers change)

- Below in smaller text EA writes what actions have been taken at what order number.

5 The Ea shall also send an email for every action that have been taken.

The text field may look like this (Magenta TP 65%, Blue TP 80%):

#13258395

#13258395 Magenta T/P 0.6 $40.86

#13258412 Blue T/P 0.2 $30.30

or like this (price went into wrong direction, S/L was hit)

#13258395

#13258395 S/L -$90.23

or like this (Magenta TP was hit, then price turned around and hit S/L)

#13258395

#13258395 Magenta T/P 0.5 $40.86

#13258590 S/L $0

- If order number is not found, EA will write 'Error: oder number not found'.

#000

Error: order number not found

Any questions, please ask me. Thanks...

Metatrader

Project ID: #1191902

About the project