Code a simple automated trading script to monitor price and volume for a given list of stocks and to manage entry and exit of trades if specific conditions are met.
The automation script will contain 4 separate modules.
1) every day before market opens, initialization of stock list to monitor and parameters for entry / exit.
2) monitoring loop (positions not yet open) - script checks if price of each stock in the watch list is within a given % of entry point.
3) entry test - if a stock is nearing the entry point, run speficic indicator tests. Depending on test results, enter the trade and place stop loss orders.
4) monitoring loop (positions already open) - script checks price movement for each stock that has been traded.
4a) adjusts stop loss order accordingly
4b) script runs trade exit tests, and closes position if conditions are met.
A detailed algorithm is already written. All you have to do is to code, debug and backtest this script in Meta Trader with stocks and values that I will provide.
Experience in developing EA / expert advisors is required.
Experience of MT4 is required.
Understanding of trading indicators is required.
Do not apply if you do not satisfy these 3 criteria.