Need to create an expert advisor utilising MACD indicator & ATR

Job finished

Execution time 17 days
Feedback from employee
Thank you, it was a positive experience overall!

Specification

Hi there,


I require an EA to be coded, addressing the following areas for trade placement.


If you have the expertise to code this please apply, I can provide further clarification of these areas.


* Symbol() --- (one adaptable symbol entry e.g.XAUUSD or forex pairs)

* Timeframe 1 ---- (adaptable timeframe e.g. 5m)

* Timeframe 2 ----- (adaptable timeframe e.g. 1day)


* Criteria for entry:

if

MACD Indicator switch on timeframe 1 (e.g. from red to green, no switch on timeframe 1 then no trade)

and

MACD Indicator Correlation on timeframe 2 (e.g.green)

---also need the ability to define MACD strength on both timeframe 1 & 2, if level not met then no trade, note: I have an idea for this formula if that description does not make sense)

---also applies for a switch from green to red on timeframe 1, to correlate with timeframe 2

---also need the ability to define if a buy or sell is then placed once these MACD correlations and levels in both timeframes are met


* Stop Loss & Take Profit

Adaptable Risk:Reward ratio (e.g. 2:3)

Stop loss pips to be calculated on ATR of the entry candle on timeframe 1 * Risk ratio set (e.g. 2) 

Take Profit pips to be calculated on ATR of the entry candle on timeframe 1 * Reward ratio set (e.g. 3) 


* Order placement

Entry immediate, no pending orders, multiple orders allowed (e.g. new orders placed while prior orders results still to be completed)

Risk % of balance adaptable e.g. 5% of current trade balance (e.g. open balance + or - any trade winners or losers to date)

Lot size calculated based on risk (e.g. lot size required based open price, SL pips, $trade balance risk) 


Thanks,

Del


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Project information

Budget
30 - 80 USD
For the developer
27 - 72 USD