Coding for a pending order EA needed

Hi all,
1stly, i am a really stupid with programming.
can anyone help me to create an EA for me to learn on how to code a simple trading steps?

let say the trading steps are:
1) it read current price for current open pair's chart
2) it send 2 pending orders (sellstop and buystop). let say 10 pips up and above the current price (got from setp 1)
3) it set take profit (tp) for both pending orders set on step 2 . let say it set tp for 10pips each
4) if only one pending order triggered and hit tp, the other order will automatically closed.
5) if both orders triggered, and 1 order hit tp, the other order will automatically readjust it's tp to just 1pip or BE.
6) if all orders closed, an EA will repeat all steps.
7) for MM, EA will only use 0.2% from account balance in each pending order.

no indicator used...

regards and tq,
ikhramhakim

It works )))

Thank you very much dzhini. BTW, what do you mean by "it works"?

Got an error when backtested this EA... see attachment

Check this one. Bugs removed & add time.

Hello i am trying to place 2 order, instant and pending order limit at 25 pips away from the current price, instant order get executed but pending order doesnt.
Please someone help.

Hi Dzhini, I'm interest in this EA too...do you think is it posible to add a version with stop loss ?
Thanks in advance for your answer

Hi dzhini,

regarding this EA i think still not clear with condition :

when 2 pending order (buy and sell) triggered this EA still error when modifying TP if one of open trade reach TP. could you make to this condition:

when 2 pending order (buy and sell) triggered this EA and one reach TP, then modify TP to 0 and open new opposite position with TP 0 too to make hedging position. after these (buy and sell) modified with 0 TP and SL then open new pending order start with Step 1.

please be advise

Hi dzhini!

I am fascinated by your Ikhram 2 ea, allthough it doesnt perform without problems.

Is there a chance you could make some changes to it?

When a sell order and a buy order is triggerd after each other, could you add a orderclose of the losing trade at the same time as the other is hit by tp?
This way there will be a loss in the amount of difference between the orders, but think it will be manageable.

Regards
Thomas

Hi,

I recently learned that Steve Hopwood made a Bollinger Band squeeze EA back in the day (I attached the EA)..... I would like to get some help on modifying his EA.

Really all I would like to use from his EA is the calculation of the Bollinger Band squeezing/contracting, everything else I would like modified.... This is what I would like:

A.) Set pendings ABOVE and BELOW Bollinger Bands @ least 10 to 15 pips away to avoid a fakout!... 2 BUY Pendings and 2 SELL Pendings.
* Each pending calculating lot size of 1/2 of 1% for each for a total of 1% of the account balance from each pair of Pendings.
** and instead of Calculated the Distance from the Stop Loss to Entry to get positions size, I would like the EA to Calculate the Distance from the Entry to the 1st Take Profit to get the lot size .



B.) The Stop Loss... placed on the opposite side of the Bollinger Bands Entry... after Pending is hit and has entered into a Position, I would like the Stop Loss to move to the opposite side (inside) of the Bollinger Band


C.) Take Profit... If trading on a 1 Hour Chart. EA checks Support/Resistance from Higher Time frame (4 Hour Chart)... *FOR EXAMPLE* For 2 BUY Pendings. Identify closest Resistance Level (on next Higher Timeframe*4HR) for 1st BUY Pending Take Profit, then Identify next Higher Resistance Level (on next Higher Timeframe*4HR) for 2nd BUY Pending Take Profit ....

And Reversed for 2 SELL Pendings. Identify closest Support Level (on next Higher Timeframe*4HR) for 1st SELL Pending Take Profit, then Identify next Lower Support Level (on next Higher Timeframe*4HR) for 2nd SELL Pending Take Profit



In conclusion I would like it to be for almost every time frame except 1 Minute and Monthly (5, 15, 30 minutes and 1& 4 Hour, Daily, Weekly charts all yes please).... An Option to change the Risk % Percentage (**REMINDER of LOT Calculation**From Entry to 1st Take Profit, instead of the traditional Stop Loss to Entry for me, OK) of account Balance for Pending Orders would be nice.

Also, A Free Margin protection would also be great!... **For Example** If my Free Margin got to a specific Low level ($1,000 acct. /Free Margin $400) the EA would not set any more Pendings would be SO AWESOME!!

How can I get this done??... thank you for your help.