I WANT AN EA THAT USES MA ON BOTH HIGER TIMEFRAME AND EXECUTE TRADE ON LOWER TIME FRAME MA.

PLATFORM MT5

EA NAME:   MEGASOFT PRO EA

DASHBOARD.  To show the following features.

1. Currency Pair Symbol, being Traded.

2. Number of Spread. (Compulsory)

3. Time Frame

4. Current Lot Size.

5. Show number of Open trades

6. Show number of trades per entry.

7. Have a button to Close all trades in  Profits   

8. Have a button to close all loosing trades.

9. Have a button to close all trades, By pressing this button the EA CLOSE all trading and will not open any order again.

10. Have a Resume Button, when clicked the EA resume trading activities, Note: this button only works when the CLOSE ALL TRADE BUTTON is us to close all the trade.

11. Remaining time for the current Candle to close.

STRATEGY FOR PLACING A TRADE.

BUY ORDER USING HIGHER TIME FRAME FILTER.

MODE 1. (NORMAL ENTRY)

On the higher Time frame for example H1 (depending the higher Time frame I choose from the EA parameter list), The Fast Moving Average is Above the Slow Moving Average and these two MA is above the Filter MA or Filter Parabolic SAR, (pending on the type of Filter I choose) then the EA will now go to a lower Time frame (which I choose eg M1 or M5) and place a Buy order every time the lower TF fast Moving Average crosses Above the lower TF Slow Moving average, IN THE SAME DIRECTION WITH THE HIGHER TIME FRAME MA.

The EA CLOSE this MODE 1 Trade when, either of these conditions are met.

A. When the Lower Time Frame (eg M5,) Fast MA crosses the opposite side of the Slow MA, or,

B. The TP or SL, or the Trailing stop or Break even is hit.

For the trade to RESUME for (A) above the EA wait for another cross over signal with the same direction with that of the higher timeframe cross, for the trade to resume and  

For (B) above, the EA open another trade immediately when the TP, Trailing stop or Break even is hit, in the same direction with the MA in the Higher Timeframe or wait for another signal (Pending what I choose either Wait for another signal or Continue trading.)

MODE 2. (MULTIPLE CANDLE ENTRY)

With the same condition on the Higher Time Frame, The EA Open a Buy order for every Candle that close BULLISH, when the LOWER TF Fast MA crosses the Slow MA  that is in the same direction with that of the higher time frame  MA. (If the  candle on the lower time frame I choose (M1 or M5 for example) close Bullish the EA will open a Buy trade, if the next candle close as a bullish candle again the EA open another Buy order, if the next candle close Bearish the EA do nothing.) 

The EA close this MODE 2. Trade when, either of these conditions are met.

A. When the Lower Time Frame (eg M5,) Fast MA crosses the opposite side of the Slow MA and this will close all the open orders or

B. The Individual TP or Individual SL is hit, or Individual Trailing stop or Individual Break-even is hit.

For the trade to RESUME for MODE 2 (A) above the EA wait for another signal, for the trade to resume for (B) above the EA open another trade immediately after Individual TP, Individual SL, Individual Trailing stop or Individual Break-even is hit provided the all the entry condition remains the same or wait for another signal (Pending the option I choose either Wait for another signal or Continue trading.)

This process continue as long as the FAST MA IS ABOVE THE SLOW MA and both MA is above the FILTER MA or FILTER PSAR on the HIGER TIME FRAME.

REVERSE OF ALL THIS CONDITIONS ARE FOR SELL ORDER.

MODE 1 Normal Entry using MA Filter

 

                   H1 TIME FRAME                                                                                       M5 TIME FRAME

  

MODE 1 Normal Entry using Parabolic SAR as Filter.

                      H1 TIME FRAME                                                                                       M5 TIME FRAME

MODE 2. (MULTIPLE CANDLE ENTRY)

Just as above pictures when the condition on Higher time frame is met, on the Lower TF at the cross of the fast MA below the Slow MA the EA Opens a Sell trade at the close of every Bearish candle and when a bullish candle closes the EA do nothing, this will continue until the Fast MA crosses the Slow MA on the opposite direction of this lower TF, then all the open order on this TF close automatically and wait for another signal that is in the same direction with that of the Higher TF.

However if the open orders were close due to TP, SL Trailing stop or Break even, the EA open another sell order immediately provided all the conditions mentioned above are still intact.

The EA Parameters.

1 MEGASOFT PRO EA Email: david.mpnu@gmail.com

2 Type of Order BUY ONLY, SELL ONLY, BUY AND SELL I choose the option I want.

3 Higher Time Frame, (where the EA choose the Parent trend direction) M15, H1, H4 ….. I choose the Higher Time frame I want

4 Lower Time frame (Where the trade will be executed) M1, M5, M15….. I choose the one I want.

5 No. of Position Per Entry 1, 2, 3,…….10 I type in the number I like.

6 Unit of Trade , Pips or Points I choose

7 Spread Filter? (Mandatory) True or False I choose

8 Max Spread I type in the number I want.

10 ************************************** HIGHER TIME FRAME (HTF)  MA SETTING **********************

11 HTF Fast MA Period I choose the period number

12 HTF Fast MA Method Exponential, Simple etc. I choose

13 HTF Fast MA Shift (Mandatory) This is mandatory, I choose the number I want.

14 HTF Fast MA Applied to I choose.

15 HTF Slow MA Period I choose the period number

16 HTF Slow MA Method Exponential, Simple etc. I choose

17 HTF Slow MA Shift (Mandatory) This is mandatory, I choose the number I want.

18 HTF Slow MA Applied to I choose.

19 USE FILTER FOR HTF True or False I choose.

20 Type of HTF Filter- MA FILTER or PSAR Filter I choose

21

HTF MA FILTER SETTING

*********************

22 HTF MA Filter Period I choose the period number

23 HTF MA Filter Method Exponential, Simple etc. I choose

24 HTF MA Filter Shift I choose the number I want.

25 HTF MA Filter Applied to I choose.

26 *********************************** HTF Parabolic SAR  FILTER SETTING *******************

27 HTF  PSAR Step I Choose the number of step I want

28 HTF  PSAR Maximum I Choose the number I want

29 ********************************** LOWER TIME FRAME (LTF)  MA SETTING ********************

30 LTF Fast MA Period I choose the period number

31 LTF Fast MA Method Exponential, Simple etc. I choose

32 LTF Fast MA Shift (Mandatory) This is mandatory, I choose the number I want.

33 LTF Fast MA Applied to I choose.

34 LTF Slow MA Period I choose the period number

35 LTF Slow MA Method Exponential, Simple etc. I choose

36 LTF Slow MA Shift. (Mandatory) This is mandatory, I choose the number I want.

37 LTF Slow MA Applied to I choose.

38 Type of Trade MODE:  MODE 1, MODE 2 I choose the mode I want.

39 Trade Continuation TRUE (EA Re-enter the trade immediately TP, Trailing Stop, Break-even is hit.) FALSE (EA wait for another crossover in the same direction with the Higher Timeframe to commence trading.) I choose the option i want.

40 Hide TP, SL inputs From Brokers. True or False I choose

*********************Trade Management for MODE 1 *****************

Take Profit (Points) I choose

Stop Loss(Points ) I choose

Break even True or False I choose

Break even at …x number of Points/Pips above entry point. I type in the number I want.

Break even above entry point with x number points I choose

Trailing stop I choose

Trailing step I choose

*******************Trade Management for MODE 2 *****************

Master Take Profit At this level all trade close I choose

Master Stop Loss At this level all trade close I choose

Individual entry Take Profit (Points) I choose

Individual entry Stop Loss(Points ) I choose

Individual entry Break even I choose

Individual entry Break even at …x number of Point I choose

Individual entry Break even above entry point with x number points I choose

Individual entry Trailing stop I choose

Individual entry Trailing step I choose

********************************* Trading Hours *****************

EA Trade Session Trade chosen Session or Trade All time I choose the option I want

********************************* First trading session *****************

Session Starting time 08:00 I choose

Session ending time 10:00 I choose

********************************* Second trading session *****************

Use second Trading Session True or False I choose the option I want

Session Starting time 12:00 I choose

Session ending time 14:00 I choose

********************************* Third trading session *****************

Use Third Trading Session True or False I choose the option I want

Session Starting time 16:00 I choose

Session ending time 18:00 I choose

************************************* Trading Days *******************

The Robot Back office Security

1.      MT5 Account ID.

2.      Expiration date/Time (0= infinity)

3.      Expiration message.

Expiration date reminder.