EA based on RSI

MQL4 Indicators Experts

Job finished

Execution time 4 days

Specification

Hi,


Specifications EA

I have a trading strategy based on RSI and combined with a grid, that I would like to automise, basically:

1) Wait for RSI to fall below the lower RSI-Level on close of bar (RSI(0).

2) If at the close of the following bar RSI (RSI(1) is higher than on the previous bar (RSILow(1)>(RSILOW(0), send a market buy order.

3) Now price can go up, and I want to open a new market order x pips away from the previous order (this is kind of a grid, in order to ride a strong trend). Or price can go further down, so that the condition RSILow(1)>(RSILOW(0) is given again. In this case (when there exist an open order), only send a market buy order if the price ist at least X pips away from the open-price of the first order (again a grid in the opposite direction.

Once the first position is opened, instead of keeping watching the RSI for further entries, I think it would also be posible to simply define a set of buy limit and buy stop orders x pips from the initial order away.

These “Grid”-Trades should be optional.

4) Close condition of all orders: RSI-Level at close of a bar ist over the upper RSI-Level. In this case, delete all pending an open orders Optional: Leave orders that are not in profit open and just close orders in profit.

5) For sell orders just the other way round based on the upper RSI level.

6) EA has to be programmed in a way that backtesting on metatrader mql4 is posible.

Custom values: RSI upper level, RSI lower level, RSI period, TP, SL, distance X between orders. “grid”-trading activated/deactivated, lot size, close only orders in profit yes/no.


Looking forward to your proposals

Regards

Daniel

Responded

1
Developer 1
Rating
(1053)
Projects
1391
45%
Arbitration
46
72% / 13%
Overdue
35
3%
Working
2
Developer 2
Rating
(878)
Projects
1390
67%
Arbitration
117
32% / 42%
Overdue
215
15%
Working
3
Developer 3
Rating
(15)
Projects
21
38%
Arbitration
3
33% / 33%
Overdue
4
19%
Free
4
Developer 4
Rating
(2381)
Projects
2991
65%
Arbitration
76
47% / 14%
Overdue
340
11%
Working
5
Developer 5
Rating
(19)
Projects
35
26%
Arbitration
10
30% / 70%
Overdue
5
14%
Free
6
Developer 6
Rating
(2050)
Projects
2604
62%
Arbitration
113
45% / 26%
Overdue
417
16%
Free
7
Developer 7
Rating
(22)
Projects
18
6%
Arbitration
31
3% / 65%
Overdue
5
28%
Free
8
Developer 8
Rating
(461)
Projects
689
56%
Arbitration
43
30% / 33%
Overdue
111
16%
Working
9
Developer 9
Rating
(3)
Projects
4
25%
Arbitration
4
0% / 100%
Overdue
0
Free
10
Developer 10
Rating
(195)
Projects
317
35%
Arbitration
64
13% / 56%
Overdue
82
26%
Free
11
Developer 11
Rating
(96)
Projects
143
76%
Arbitration
0
Overdue
2
1%
Free
12
Developer 12
Rating
(769)
Projects
1033
44%
Arbitration
50
8% / 50%
Overdue
117
11%
Free
13
Developer 13
Rating
(349)
Projects
463
51%
Arbitration
41
24% / 49%
Overdue
149
32%
Free
14
Developer 14
Rating
(430)
Projects
606
55%
Arbitration
48
23% / 56%
Overdue
178
29%
Free
15
Developer 15
Rating
(13)
Projects
15
27%
Arbitration
1
0% / 100%
Overdue
1
7%
Free
16
Developer 16
Rating
(374)
Projects
396
31%
Arbitration
61
20% / 67%
Overdue
49
12%
Loaded
17
Developer 17
Rating
(221)
Projects
369
66%
Arbitration
10
50% / 0%
Overdue
46
12%
Free
18
Developer 18
Rating
(21)
Projects
35
54%
Arbitration
8
63% / 38%
Overdue
1
3%
Free
Similar orders
I want a bot developer deriv He has experience and I want a profitable robot, the profit is higher than the loss Or I want someone to sue with me. I have a profitable robot, but I want another robot or to improve another robot I have
1. INTRODUCTION Triple Moving Average Momentum Execution Robot will be to execute trades on Meta Trader 4 or 5 (Developer to tell me which would be better, after understanding the requirement), that modify the position in each currency pair based on the current price, relative to the 3 predefined moving averages. The idea is to identify momentum in a simple way, and then run with it based on where the price is
Can you make API from TV to tradovata? Or more simple, can you make a TV pine strategy running on ATAS? Only bid If you can do this job thanks
1) Add symbols so I can backtest multiple symbols 2) Addition Setting Add function that after going X pips if it comes back to entry Close X% 3) Trade Conditions Add Max Daily Profit % and Balance
Where/How to request Oanda retail open positions? I've tried through with a Oanda API and requesting this way; url= " https://api-fxpractice.oanda.com/v3/instruments/AUD_USD/positionBook " but I get result different results (see attached pic). If someone is able to replicate/ make some similar to this indicator, im willing to pay
Hi, I am looking for an experienced developer to help me convert an existing fully functional MT5 EA to work with the below 2 products: 1. Live Binance Crypto Tick Charts 2. Binance EA connector - More documentation here The goal here is to convert my existing EA to run on the live tick charts and use the existing Binance EA connector library in order to send and manage all aspects of my EA directly through the
Create a MT5 EA based on certain strategy creating a proprietary automatic trading strategy for our private investment portfolio. This is a unique opportunity to work on an exclusive project that demands creativity, strategic thinking, and a deep understanding of financial markets. Project Description: We are looking for a developer to design and implement an advanced automatic trading strategy tailored to our
i want someone that will recode my ea from using icustom function from an indicator, he will put the indcator drectly inside the +ea, i have the source code for the indicator. i want the ea fast and accurate. the indicator is attached below
I'm new to this trading system wishing to get something that will guide me through the process of creating a new lifestyle. So I wish to grow my pockets in any circumstance coz life thing ain't easy any more
I like to put 4 input to the EA. symbol 1, symbol 2, symbol 1 lot, symbol 2 lot. When the EA wants to open buy position, close all positions then buy on the symbol 1 and sell on the symbol 2. When the EA wants to open sell position, close all positions then sell on the symbol 1 and buy on the symbol 2. Thank you

Project information

Budget
30 - 100 USD
VAT (21%): 6.3 - 21 USD
Total: 36.3 - 121 USD
For the developer
27 - 90 USD