I am new in this Forum und i saw , that you can code a EA for Meta trader 4.
PS : ist is better when the Dev can speak german , but is not mandatory
I am interested in an indicator like (Advanced Supply Demand zones) like this as an example
The indicator must detect supply on demand zones and draw with the spikes in (M1 to H4) for all pairs.
You can see how the zones should look like by clicking the link above.
And I wanted to ask if you can program an EA that will make the entrys (in connection with the Supply on Demand indicator zones) in lower TF.
It should be possible in EA setting to define and select from which TF the zone that is being traded comes from.
The Ea schould make the entrys in 1M TF or 5 min after a Reversal candel ( Hammer , Doji , Engulfing , Tweezer top or buttom , harami etc. . you can implement all reversal ... or all reversal candel are already implemented somewhere else ) and append the reversal to draw a new zone .
see the example here :
so you understand what I mean with the Dynamic SL 1 or Zonnen SL you can also call it that way.
the EA should manage the order ... ( SL, TP , Traling stop - SharpRatio ( risk reward ration calculate, set and apply ( I can set from which RR a trade is opened )
- Max Balance Drawdown & Max Equity Drawdown
An example of reverse ( http://instaforexpips.com/wp-content/up ... -guide.jpg ).
the Ea must be able to set static and dynamic TPs and SL. und Break even with pips setting from start ...
Dynamic SL 1 = must be directly after the reverse zone in 1m TF or 5 min TF for short and long
Dynamic SL2 = means that the EA is equal to the next low or high for short and long .
Dynamic TP = the Ea can set the next high in the selected TF as TP. ( look in the past ... until 8 weeks because of the next high )
Dynamic TP 2 = searching the Second high or low
Static SL =can be entered by yourself
Static TP = can be entered by the user.
In the EA everything must be visualizable on the chart ( account , lot , number of order , equity ... profit etc ).
is this strategy or idea implementable ? can you realize it this way ?
what will it cost me?