Dear folks,

I have a very simple strategy based on daily chart for GBPJPY. Here's my strategy.

Every morning at 5 GMT, I see H1 chart and note the high and low value of last bar. After that, I calculate to put my buy stop and sell stop with the rule below:
1. Buy stop @ High+20, SL:-70 TP:+50
2. Sell stop @ Low-20, SL:+70 TP:-50

Only put 2 pending orders and no more for everyday.

Then I'll open the chart again at 11 GMT to see the result. I'll close all pending orders and also open orders whatever the result are.

I heard EA which submit pending order like the situation above will not be executed. So I think the best is let the EA open instant execution if the conditions is fulfiled. If the price goes up until High+20 then open buy. So if the price goes down to Low-20 then open sell.

Could someone help me create an EA for this simple strategy? Because I'm a novice for MQL4.


Thanks for giving me a hand.

-Iwan P-