Is it possible? (MTS based on indicators)

[peregrinus]

I' ve just started with MT4 and I'm still not sure how to do dome thingd and if they are possible.

For instance, I want to make an Expert advisor based on 2 indicators. I should go like this:

if (conditions_met_by_indicator 1 && cond_met_by_ind2) go short/long

Is there any way to do it?

TIA

[Ahmed Soliman]

That's what the Expert Advisors are for.

peregrinus:
I' ve just started with MT4 and I'm still not sure how to do dome thingd and if they are possible.

For instance, I want to make an Expert advisor based on 2 indicators. I should go like this:

if (conditions_met_by_indicator 1 && cond_met_by_ind2) go short/long

Is there any way to do it?

TIA

Hi peregrinus!

That's exactly what the Expert Advisors are for.

You build an Expert Advisor based on indictors & conditions to automate you TS.

You can download the previous lessons you find in this section, and it left three lessons in this series.

After that we will create our own Custom Indicators & Expert Advisors.

Please send me your indicators & conditions and maybe it will be our practical example of our first EA next week.

[peregrinus]

Hi, thx for reply.

Find two indicators enclosed. One of them is TRSI, which counts third and fourth grade MA of RSI, the second one is LaGuerre RSI.

The exact conditions of Expert Advisor should be like this:

if (MA3>MA3 && RSI>MA4 && LRSI>25 && LRSI<25) LongPosition

if (MA3<MA3 && RSI<MA4 && LRSI75) ShortPosition

where MA3,MA4 are moving averages of TRSI and LRSI is LaGuerre RSI.

TIA