SIMPLE, EFFECTIVE & EFFICIENT

MQL4 Experts

Specification

SIMPLE, EFFECTIVE & EFFICIENT

Any currency pair

Any time frame

Long Only: (Must have its own input fields as the variable/criteria will be different to SHORT):
MA Period - input field
MA Shift - input field

MA Method - input field
MA Apply to - input field

Max consecutive deals - input field (example 5)
Lot size - input field
Take Profit - input field

Stop Loss - input field

Trailing stop - input field 

Methodology:
Cycle = from the time that price closes above MA (previous close was below MA) to the time price closes below MA again.

A) Open Buy 1 at price-close when price-close is above MA and previous price-close was below MA (Cycle 1 starts).

B) Close when one of the following is triggered whichever first:

  •  - Take Profit
  •  - Stop Loss
  •  - Trailing Stop
  •  - Price crosses MA

C) Once Buy 1 is open, continue consecutive buys (Example: Buy 2, Buy 3, Buy 4, Buy 5):

  •  - at close of each candle
  •  - till max consecutive deals are reached (Example : 5 deals)
  •  - for as long as long as price does not cross (Low) MA

D) Close all deals if price crosses (Low) MA.

E) If price closes below MA, Cycle 1 ends.

F) If price does not close below MA but did cross the MA during the time period, Cycle 1 is still open.
    If price does not close below MA but did cross it in the time period, close all open deals at cross-over price open again a Buy as price will close above MA.

G) If Cycle 1 stays open, keep on repeating C, D & F if Cycle 1 stays open

H) If Cycle 1 ends, start again at A when a new cycle starts.

SHORT Only (Must have its own input fields as the variable/criteria will be different to LONG):
MA Period - input field
MA Shift - input field

MA Method - input field
MA Apply to - input field

Max consecutive deals - input field
Lot size - input field
Take Profit - input field

Stop Loss - input field

Trailing stop - input field (example 5)

Methodology:
Same as for LONG but just to the opposite
 

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Project information

Budget
30 - 100 USD
For the developer
27 - 90 USD