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Need a coder that can code this for me

May 08 2017 at 11:05
posts 264

I wish to have an EA developed that is based on Pivot Point. the specifications needed are as follows.

When new daily pivot points are drawn, when price reaches R1 it should place a sell, and place SL at R2 and TP at Pivot point. If the trade fails, it should re-enter a sell at R2, with SL at R3 and TP at R1 (and vice versa for buys, when price reaches S1 it should place a buy, and place SL at S2 and TP at Pivot point. If the trade fails, it should re-enter a buy at S2, with SL at S3 and TP at S1).
I wish for this EA to trade during the Asian and European session, and to avoid any entries during US trading session (If possible to have these as variables so you can choose which sessions the EA trades).
As for the position sizing, I wish for the EA to calculate the lot size to be used by calculating the SL distance (e.g. Daily R1 to R2 is 20 pips), and by utilising a percentage of the account balance (For example 0.20%), therefore with a SL of 20 pips and a $5000 balance, the max loss should be $10, so a position size of 0.05 should be used (If possible to have the money management set as a variable, so maybe risk 0.20% per trade, 0.50% per trade etc.)
The EA should place trades once per trading session, so as to not re-enter multiple times if price is ranging through the S1, S2, S3, R1, R2, R3 levels (If this again can be a variable that would be great, i.e allow max re-entry once, twice, thrice etc.)

I do not have any mql4 files of Pivot point indicators, but i am sure the coder could easily find some. I would like to have included Standard Pivots, Fibo Pivots and Camarilla Pivots (If again these can be included as variables as well as choosing the pivot time frame to be used that would be great).

Lastly the EA should also plot on the chart the Pivot lines alongside the trading so everything can be visually seen during the use of the EA.

Coders that are interested in undertaking this please send me a message with your contact details and a quote.

Comments and observations are welcome!
May 09 2017 at 06:19
posts 2
i tried such an EA some time ago and it didn't really generate profits.

how much do you offer?
May 14 2017 at 07:33
posts 21
I am using The Finch robot from Rob Booker and so far is killin it. making 50$ a day or more
kieran (snapdragon1970)
May 15 2017 at 17:33
posts 1948
Quite a small lot size ,but that's personal choice.
"They mistook leverage with genius".
May 16 2017 at 06:48
posts 264
@jhtrading Yeah the backtests on EURUSD so far are not looking great! Will toy around with it further, I got a coder to write it up for me for $60.

@europe1980 Had a look at The finch EA and it seems cool, you have a myfxbook account to show us the results you are getting?

@snapdragon1970 Why do you find such a lot size small? Its levering 1:1 and keeping safe!
kieran (snapdragon1970)
May 16 2017 at 10:37
posts 1948
You want to make it worth it making each trade, why would you lever 1:1 it doesn't make any sense, backtest.
"They mistook leverage with genius".
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