MT4 EA is to be made for an indicator I purchased; "PZ Day Trading Indicator".

The strategy is simple, there is only lots of text because its all explained as clear as possible.

I cannot provide the indicator due to licensing, you can download the demo version
on the market to check objects etc, and we will have to work in a produce -> test -> feedback cycle.

Please put a lock on your files so it can't be used after some time e.g few days/week. This would be for your own peace of mind and protection in case the project undergoes major restructuring, your work will be locked.



Here is the signal buffer:

//---- Read values from the signal buffer
int start()
{
// Read signal for this bar
double value = iCustom(Symbol(), Period(), "PZ_DayTrading_LICENSE", 4, 1);
// Do something
if(value == OP_BUY) { /* Your code for bullish signal */ }
if(value == OP_SELL){ /* Your code for bearish signal */ }
if(value == EMPTY_VALUE) { /* Your code if no signal */}
// Exit
return(0);
}

The specification for the features I want would be as follows:

-> Open trade on arrow signal (up = buy, down = sell obviously :) )

-> EA will have dropdown to select trading mode. There is 9 modes, Mode 1 up to Mode 9. The mode means how many trades the EA will open on signal. So if mode 1, only 1 trade on signal, mode 9 is open 9 trades on signal.

-> EA will have dropdown to select SL. SL will be using the indicator provided levels (SL1, SL2, SL3, SL4)

-> The TPs are set automatically using fib levels using the candle values in the box the indicator draws (not including signal bar)
   -> This is all explained in this image, but I am including it here because this is also the requirements spec. https://postimg.cc/k2SXkCh8
   -> These are the fib values to use for tps:
   1.618, 2, 2.272, 2.618, 3, 3.414, 3.618, 4, 4.236
   They represent TP1 up to TP9 respectively.
   -> The fib will be calculated using the CLOSE PRICE of candles in the box the indicator draws, but \\DO NOT INCLUDE SIGNAL BAR//.
      For buy signal, fib is calculated from highest close, to lowest close
  For sell signal, fib is calculated from lowest close to highest close
   -> Each trade the EA opens on signal will have increasingly higher TP level. E.g if EA is trading on mode 5 (signal opens 5 trades), then we use the first 5 tp levels.
   
   -> Sometimes the signal bar can be a spike bar, and this can cause some TP levels to be invalidated.
   To handle this, the EA will not open the trades with invalidated TPs, and just open the rest that are available according to the trading mode.
   
   Check image for example pic: https://postimg.cc/06d5yfvy
   
   e.g if EA is trading on mode 5 (5 trades on signal), then on signal if 2 TP levels get invalidated, then don't open those 2 trades, but the other 3 are ok, so we can open them.
   
   
-> EA should also have feature to not open trades if too many TP are invalidated. We can call this variable x for example to represent number of max TPs that can be invalidated before the whole trade is cancelled.
   
   -> e.g if EA is trading on mode 5 (5 trades on signal), and x is 3, then if 3 or more TPs are invalidated, then don't open any trades for this signal.
   
-> Have setting called "Extra position open TP".
   -> If true, this will just add an extra trade, but this trade will not have a TP set.
   e.g if EA is trading on mode 5 (5 trades on signal), then open 1 extra trade (6 in total), but this extra trade does not have a set tp.
   
-> Have simple trailing stop, explained here

   -> Trailing stop in pips normal (on/off) (after how many pips move SL) (number of pips)
  This is just normal trailing stop, so after some number of pips, move the SL by some other number of pips. Example: every 20 pips, trail SL by 5 pips.

-> Add indicator settings to EA settings so strategy can be changed as needed

If you have any questions, feel free to ask me, I will do my best to explain.