I have a finished EA, working fine, but needs some more added features.
1. Total No: of Buy Trades allowed . Total no: of Sell trades allowed.
2. Minimum Distance between 2 Buy trades . Minimum Distance between 2 Sell trades.
3. When trades are stopped out, New trades are placed immediately. This has to be changed to a 25 pip (external parameter changeable ) STop order. Hence if Buy Order got stopped out at 92.75- New Buy should be placed at 93.00 . However if the price goes down to 92.60, New buy order placed at 92.85. Chart display should point out the next But Stop or Sell stop order. This can be done internally or a Stop order already placed in platform and modified every 3-5 pips.
4. The first loss order should be closed with profit ( 10 pips- (changeable) of second or further orders of same nature of same pair. Example we have a Sell order of USD/JPY at a loss of 50 pips. We have also have a new Sell order of USD/JPY which now has a profit of 60 pips. Hence we close both sell orders, at a total profit of 10 pips, and new Sell placed as per the rule above.
5. Trade timing. Open hour -0 - Close hour : 24. ( only new orders are not opened ). Ea continues to set SL and manages trades.
Please note that I have written the above in accordance with my EA, hence I can explain in deatils if something seems vague.