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Create MT4 EA using Indicators I provide - Pipfinite Breakout & Double Smooth Stochastics

MQL4 Experten Skripte

Spezifikation



DR_PipBreakout_DblStoch

Below is my Script for you to program using 2 MQL5 Indicators. Both allow for signals of them. 



Indicators:  
1. Pipfinite Breakout with settings (Purchased via MQL5) 
2. Double Stochastics  with settings (Purchased via MQL5)
3. EMA  Fast
4. EMA Slow

Dbl Stochastics Settings:  10,15,8  (starting point)

Variables:  
- EMA_Fast [Variable]  
- EMA_Slow [Variable]

Filters:

1. EMA filter

This Filter is Optional, So it must be set up so that I can turn this Filter on/off in its use. 

EMA Toggle:  Turn on/off:  "YES"  / "NO"
- When EMA Fast line is above EMA Slow line, Enter only Buy Trades
- When EMA Fast ine is below EMA Slow Line, Enter only Sell Trades


Trade Entry Option setup in Control Panel: 
1. Pipfinite Breakout "Yes/No"
2. Dbl Stochastics "Yes/No"
3. EMA Crossing "Yes/No" 
These trade entry options simply allow me to totally bypass the use of each individual indicator. I figure why not have the option.  Maybe 1 works better than the other etc.. 

Script:

Rules:  
Be in 1 Trade at a time. 
Set it up so that you can end one trade and enter a new trade "End to End" If the conditions demand" 
(If a trade closes due to stochastics crossing, then it may open a new trade due to stochastics)

If I enter a buy trade on Dbl Stochastics crossing, you can ignore the buy signal from Pipfinite since I am already in the trade early. 

Trade Entry 1: Buy with PipFinite Signal


If Pipfinite Breakout Filter = "Yes" (This allows me to enter trades using FipFinite Breakout) 
When PipFinite Indicator Signals a Buy:
  If EMA Filter = "Yes"  
    If EMA Fast line is above EMA Slow line, Enter a Buy Trade. 
    If EMA Fast line is below EMA Slow line, No trade. 
  Else, Enter Buy and Sell trades as presented by PipFinite Breakout. 
  
  Exit trade if: 
    If Pipfinite Breakout Sell signal appears, Exit trade
    EMA Fast line crosses down over EMA Slow Line, Exit trade.     
    If SL is hit, Exit trade
    If TS is hit, Exit Trade
    If TP is hit, Exit Trade
    
If Pipfinite Breakout Filter = "No", no trades

Trade Entry 2: Buy with Double Smooth Stochastics Crossing Up
If Dbl Stochastics Filter = "Yes" (This allows me to enter trades using Dbl stochastics) 
  When Double Stochastics Fast Line Crosses up over Slow line: (Close of Bar)  
     If EMA Filter = "Yes"  
     If EMA Fast line is above EMA Slow line, Enter a Buy Trade. 
     If EMA Fast line is below EMA Slow line, No trade. 
  Else, Enter Buy and Sell trades as presented by Dbl Smooth Stochastics 
If Dbl Smooth Stochastics Filter = "No", no trades


  Exit trade if: 
    If Double Smooth Stochastics line crosses down over Slow line, Exit trade
    If Pipfinite Filter = "Yes";  If Pipfinite Breakout Sell signal appears, Exit trade    
    EMA Fast line crosses down over EMA Slow Line, Exit trade.     
    If SL is hit, Exit trade
    If TS is hit, Exit Trade
    If TP is hit, Exit Trade

Trade Entry 3: Buy when EMA Fast line crosses up over EMA Slow line
If EMA Crossing Filter = "Yes" 
  If I am in a Sell trade, Exit the Sell trade and; 
  When EMA Fast Line Crosses up over Slow line: (Close of Bar), Enter Buy Trade. 
If EMA Crossing = "No", no trades

  Exit trade if: 
    If Double Smooth Stochastics line crosses down over Slow line, Exit trade
    If Pipfinite Filter = "Yes";  If Pipfinite Breakout Sell signal appears, Exit trade    
    EMA Fast line crosses down over EMA Slow Line, Exit trade. 

    If SL is hit, Exit trade
    If TS is hit, Exit Trade
    If TP is hit, Exit Trade


Sell Trade: 
Simply reverse all the transactions above for a Sell trade.  

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