Sample code for Moving averages crossover
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Hello everybody,
I am a newbie to this site as well as to the forex market (2 months). I have metatrader 4 demo account on which I am practising currently. I read about this jumstart strategy and would like to automate this to test the efficiency of this siganl.
1. parameters - 3 SMA, 5 SMA, Moving average oscillator (12,26,9 ) which is default
2.Time frame - 15 Mts, 1 Hr (Preferred)
3.Entry: Buy when 3 SMA crosses 5 SMA on upward direction on the completion of the bar & Moving average oscillator is > zero
Sell when 3 SMA crosses 5 SMA on downward direction on the completion of the bar & Moving average oscillator is < zero
4.Exit: For 15 Mts, Target profit is - 5 Pips and for one hour target profit is - 20 Pips
Stoploss - for 15 mts or for one hr.. previous bar's lowest low (for buy) or highest high (for sell).
5. Currency pair - Any
This may not be a great strategy and the risk reward strategy is not really a favorable one. But I want to test this one to see the potential of this. Based on the performance I can fine tune this over period of time to draw consistent positive results.
Can someone provide some code for the above strategy ?
PS: I will be starting to understand this MQ4 launguage so that I can write my own code but It will take some time.. Meanwhile.. I am looking for help from here
Thank you