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Seeking Developer to create EA robot for 5min Momentum Strategy

MQL4 Experten

Auftrag beendet

Ausführungszeit 3 Tage
Bewertung des Kunden
Clemence is truly excellent. Not only did he provide a EA as per my requirements, but made good suggestions to improve it. He is quick, responsive, highly professional and very knowledgeable.
Bewertung des Entwicklers
Calm and patient, with good description of what is expected.

Spezifikation

I am looking for a developer to build an Expert Advisor autotrading robot for the MT4 platform based on the 5min. MOMO strategy.

The five-minute momentum strategy designed to trade on short-term (M5 five-minute) charts using two indicators, Impulse MACD and 20 period EMA to play reversals and stay in the position as prices trend in a new direction.  The strategy relies on exponential moving averages and the MACD indicator.   While a moving average is used to help determine the trend, MACD histogram, which helps us gauge momentum, is used as a second indicator.

This strategy waits for a reversal trade but only takes advantage of the setup when momentum supports the reversal enough to create a larger extension burst, as the trend is unfolding, stop-loss orders and trailing stops are used to protect profits.

The position is exited in two separate segments; the first half helps lock in gains and the second half lets attempt to catch what could become a very large move with no risk because the stop has already been moved to breakeven.

Specifications to be sent to developers who express interest.

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