help the noob please
I'm a young high schooler, no much experience on forex trading or coding... But being a money-greedy magpie as I am, I wan't to make some money with mt5.
So I need your help building a relatively simple trading robot:
It would open a long position when 1-hour bar opens above higher 55-day typical price 2 derivations Bollinger Band AND 55-day Commodity Channel Index is above 100 and rising.
And the same logic for opening short position: 1-hour bar opens below lower 55-day typical price 2 derivations BB AND 55-day CCI is below -100 and falling.
Exiting the trade is through sl and tp: lets say Stop loss 10 pips and Take profit 20 pips.
Invested lot amount would stay constant, lets say 0,5 lots.
I tried the ea wizard, but there wasnt any option to use bollinger bands...
Wiser people, I beg for your help!
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I'm a young high schooler, no much experience on forex trading or coding... But being a money-greedy magpie as I am, I wan't to make some money with mt5.
So I need your help building a relatively simple trading robot:
It would open a long position when 1-hour bar opens above higher 55-day typical price 2 derivations Bollinger Band AND 55-day Commodity Channel Index is above 100 and rising.
And the same logic for opening short position: 1-hour bar opens below lower 55-day typical price 2 derivations BB AND 55-day CCI is below -100 and falling.
Exiting the trade is through sl and tp: lets say Stop loss 10 pips and Take profit 20 pips.
Invested lot amount would stay constant, lets say 0,5 lots.
I tried the ea wizard, but there wasnt any option to use bollinger bands...
Wiser people, I beg for your help!
EDIT: Nevermind, FxDreema saved me :)