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I need some one to code this very simple EA
Here is the setup
Pair : GBP/JPY
TF : 4H (Can also use 1H)
Lot size : 0.01 (I run EA test on a live mini account)
Indicators: Moving Average : Simple - Period(50) - Apply to High
Moving Average : Simple - Period(50) - Apply to Close
Moving Average : Simple - Period(50) - Apply to Low
RSI: Period (45) Level (50%)
Trading Rules:
Buy
A trade is only placed when the 1st new bar opens above the SMA(high) and the RSI is above 50%
If the RSI isn't above 50 the trade is only opened once it moves above 50
Sell
A trade is only placed when the 1st new bar opens below the SMA(low) and the RSI is below 50%
If the RSI isn't below 50 the trade is only opened once it moves below 50
Exit Rules
1st Exit Rule Buy - Stop Loss (User Defined)
2nd Exit Rule Buy - Take Profit (User Defined)
3nd Exit Rule Buy - When the first bar open below SMA(close)
1st Exit Rule Sell - Stop Loss (User Defined)
2nd Exit Rule Sell - Take Profit (User Defined)
3nd Exit Rule Sell - When the first bar open above SMA(close)
Additional Features: (Nice to have)
Audio Alerts on open close positions
E-mail alert.
I've checked the rules in theory, backtests are OK-ish (they always are)
So far it look like it'll work on the GBP/JPY and USD/AUS. I haven't looked at other options.
The reasoning behind the 3 SMA's set to the same period is to work on stable confirmation (10, 25 ,50 gave alot of false signals)
Okay that about's it, very simple yet it'll catch the main trends with basic confirmations.
It won't make you a millionaire in a day but it'll hopefully put the bread and the butter on the table while we battle noisy markets.
If anyone can do this you are more than welcome to contact me at joed@operarockhouse.co.za if you have any questions
Thank you for your time