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My requirement is for a simple Expert Adviser (EA) that enters, manages and closes trades automatically on an MT4 platform.
In fact I would like 2 versions of the EA to be built based on the same basic principles.
The fundamental principle of the EA is to enter a trade if there is a gap between the closing price, of a currency pair, at market close on Friday and the opening price on Sunday opening of the same currency pair. If this 'gap' is greater than a specific number of pips (which needs to be a variable parameter - default 15) then a trade should be entered into.
A long (buy) trade should be opened, immediately that the platform opens on Sunday, if the opening price is 15 points or more lower than the closing price of the same currency pair on Friday.
A Short (sell) trade should be opened if the opening price on Sunday is 15 points or more higher than the Friday close price.
The profit target should be the Friday close price less 4 pips (default is 4 but this n...
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