Hi Guys,
I wonder how long it is takes to write an EA. I think it is simple coding, nothing complicated.
Here it is. Based on an existing order number and user defined parameters (price +/- #pips) the EA will enter into a trade and exit the trade. So if order number 12345 is in the market, then when price reaches a certain level then a new order is placed (order number 67890), and when the Order number 67890 reaches the TP level then exit the trade. Repeat each time that price reaches that entry level till order number 12345 is in the market. When order number 12345 is closed send an email or write into a database / excel table the number of entries under order number 12345.
Can someone give me a time frame how long is it takes to write an EA like described above. I don’t ask to write it, just want to know the time frame.
Your help appreciated.
Depends on who writes it and if they have written something similar before and how much testing is required and how clear the rules are and how many times they change.
Thanx for that CodeMeister.
This is what I want from the EA:
When an order is in place manually (12345) I want the EA to be assigned to that order and place a new order based on
Order# 12345, Entry at order # 12345 + or - # of PIPs, Buy or Sell, and TP is order# 12345 + /- # PIPs .
This is in a loop with a counter in place so when Order#12345 is closed then send email or place the number of entries into an excel file.
The question is – even with slight modifications – will take 1 hr to code it, 2, 5 or 10? Just an indication.
I hope pic is helpful 
thanx
A lot more than 10 hours and I am not going to be more precise than that because it takes too much time make an accurate estimate and I have other things to do.
Thank you CodeMeister!! and with that you have answered my question.
Cheers
I agree it depends on the writer. Usually it makes 15 hours and it takes time to write an EA.
