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How to Order a Trading Robot in MQL5 and MQL4
See a sample Requirements Specification to order a robot
New orders in the category:
40 - 50 USD
35 - 3500 USD
30 - 45 USD
30 - 50 USD
30 - 70 USD
Specification
Based on the simple technique of using Stochastic and RSX to follow the market.
EA uses 6 indicators:
-MA of RSX (Low Time Frame* -
Direction and Trigger ).
-RSIoMA (Mid Time Frame*
- Direction and Trigger ).
-Shochastic (High Time Frame* -
Chooses indicator to TP).
-ATR (Stop-Loss).
-ZigZagFA (Stop-Loss).
-Kama/MA (Stop-Loss) - Kama MA/ Regular MA
- EA uses 3 time frames at a time. LowerTF (MA of RSX). MidTF (RSIoMA) and HighTF (Stochastic) (i.e. - H1, H4, D1 or M15, H1, H4).
- All Actions/Triggers happen at the close of candle 1 of each indicators time frame.
- EA will run on multiple charts/pairs at a time so having an option to only have a certain amount of open trades from the EA (6.2).
- Only one trade opened at a time per chart.
1. Direction of Trade:
Both MA of RSX and RSIoMA in the same direction:
Long:
a) MA of RSX (Close of current candle on Lower Time Frame - M15 or H1)
1. - Value3/Buffer2 (Yellow Line) - Candle 2 < Candle 1.
or
2. - Value3/Buffer2 (Yellow Line) > Value4/Buffer3 (Red Line) (Green Histo)
b) RSIoMA (Close of Current Candle on Mid Time Frame H1 or H4)
3. - Value4/Buffer3 (White Line) Candle 2 < Candle 1 = Long.
-----------------------------------------------------------------------------------------
b) MA of RSX (Close of current candle on Lower Time Frame - M15 or H1)
4. - Value3/Buffer2 (Yellow Line) - Candle 2 > Candle 1.
or
5. - Value4/Buffer3 (Red Line) >
Value3/Buffer2 (Yellow Line)
(Red Histo) = Short.
d) RSIoMA (Close of Current Candle on Mid Time Frame H1 or H4)
6. - Value4/Buffer3 (White Line) Candle 2 >
Candle 1 = Short
2. Trigger for Trade:
Long: (a or b)
a) Prerequisite: RSIoMA - Value4/Buffer3 (White Line) Candle 1 > Candle 2 - RISING
MA of RSX-
1. Value3/Buffer2 (Yellow Line) turning from
Down to Up, With Indicator Value3/Buffer2 below [50] (adjustable separately for long and shorts, see input 7.6)
2. OR Value3/Buffer2 (Yellow Line) cross above
Value4/Buffer3 (red Line) (Histo turn from Red To Green).
b) Prerequisite: MA of RSX - Value3/Buffer2 (Yellow Line) is already above Value4/Buffer3 (Red Line) (Histo is
already Green)
RSIoMA - Value4/Buffer3 (White Line) Candle 3 > Candle 2 < Candle 1 White Line
turns from going Down to Up.
Short: (c or d)
c) Prerequisite: RSIoMA Value4/Buffer3 (White Line) Candle 1 < Candle 2 -LOWERING
MA of RSX-
1. Value3/Buffer2 (Yellow Line) turning from Up
to Down, With Indicator Value3/Buffer2 above [50] (adjustable separately for long and shorts, (see input 7.7)
2. OR Value3/Buffer2 (Yellow Line) cross below Value4/Buffer3 (Red Line)(Histo turn from Green To Red)
d) Prerequisite: MA of RSX - Value3/Buffer2 (Yellow Line) is already below Value4/Buffer3 (Red Line) (Histo is Red)
RSIoMA - Value4/Buffer3 (White Line) Candle 3 < Candle 2 > Candle 1 White Line turns from
going Up to Down.
e) * All triggers happen at the end of current candle of the stated
3. Trade Management
a) Note: All Long trades use Bid price to trigger StopLoss
All Short trades use Ask price to trigger StopLoss
Initial StopLoss
b) ATR (See Input 10,23)
c) Trendline (See Input 10.26)
Move to Breakeven
d) Breakeven (See Input 11,30)
Activate MA for StopLoss
e) Use close above/below MA to close trade (See Input 11,31)
StopLoss
f) [#] in pips. (Hard/Visible)
4. Take Profit
Take Profit [#] in pips. (Hard/Visible)
Stochastic
a) Long 1. - Value1/Buffer0 (Blue Line) above Value2/Buffer1 (Red Dot Line) - Use RSIoMA - White Line turns from going
Up to Down.
2. - Value1/Buffer0 (Blue Line) below
Value2/Buffer1 (Red Dot Line) - Use MA of RSX Histo change from Green to Red.
b) Short 1. - Value1/Buffer0 (Blue Line) below
Value2/Buffer1 (Red Dot Line) - Use RSIoMA - White Line turns from going Down to Up
2. - Value1/Buffer0 (Blue Line) above
Value2/Buffer1 (Red Dot Line) - Use MA of RSX Histo change from Red to Green.
C) * Can change back and forth during trade per Stochastic.
5. No New Trade
a) No new LONG trade if RSIoMA Value4/Buffer3 (White Line) is above [75] (See Input 7,13)
b) No new SHORT trade if RSIoMA Value4/Buffer3 (White Line) is below [25] (See Input 7,14)
c) No Trade if StopLoss is to big (See 8,22)
EA Inputs: -----------------------------------------------------------------
6. EA Settings:
1. Magic Number.
2. Open Trades [#] - How many trades can be open at a time.
7. Indicator settings:
* All settings labeled and listed in categories
MA of RSX
3. RSX Length
4. RSX Signal MA Period
5. Signal Moving Average Method
6. Long Trade > Value3/Buffer2 Value) [#] - MA of RSX Trigger (2.a)
7. Short Trade < Value3/Buffer2 Value) [#] - MA of RSX Trigger (2.c)
RSIoMA-nrp-mtf+alert nmc
8. TimeFrame
9. RsiOma-Period
10. RsiOma-Mode
11. MaPeriod
12. MAType
13. LevelOb - No long trades above level - (5,a)
14. LevelOs - No short trades below level - (5,b)
Stochastic-mtf
15. TimeFrame
16. KPeriod
17. DPeriod
18. Slowing
19. MAMethod
8. Trade Size
Lot Size
20. - Lot [#]
or
21. - % of account size [#] i.e. 3%. (Based off of the Soft/invisible Stoploss (ATR or
ZigZag)
22. Max Trade Size (#) in pips (if exceed = No Trade)
9. Initial Trade StopLoss
23. Hard StopLoss [#] (in Pips) (Hard/Visible)
24. ATR StopLoss -[On/Off] - To use ATR for SL at the time that the trade is taken
(Soft/Invisible, but draw purple line on chart if used at time of trade, to be deleted after close of trade) - (3,b)
25. ATR X - [#] - If ATR is value is 24, using [1.5] would mean 24x 1.5=36 so subtracting 36 pips from
price for long trades, and adding 36 pips to price for Short traders to use as StopLoss.
ATR
26. -Period
27. ZigZag StopLoss -[On/Off] - Uses indicator ZigZagFA made trendlines (Named: "ZZLine1"
for Long trade, and "ZZLine2" for Short trade) at the time that the trade is taken. (Soft/Invisible, but draw purple line on chart if used
at time of trade, to be deleted after close of trade) - (3,c)
28. ZigZag + -[#] add pips above (short)/below (long) the ZigZagFA trendlines.
ZigZagFA
29. -ExtDepth
30. -ExtDeviation
31. -ExtBackstep
* If both ATR StopLoss and ZigZag StopLoss are both On, EA uses Whichever is bigger - uses the bigger StopLoss between ATR or ZigZag,
includes the added pips from ZigZag + input)
10. Close Trade settings:
32. Move to Breakeven [#] after "x" amount of pips of profit has been reached. - (3,d)
33. MA as StopLoss -[#] Turns on after "x" amount of pips of profit (close trade at
candle close below MA for Long trade, Above MA for Short trade.
[Standard MA with Kama as option]. Once On, it remains on for the rest of that trade. - (3,e)
Kama
34. -PeriodAMA
35. -Price Type
36. -nfast
37. -nslow
MA
38. -Period
39. -MA method
-----------------------------------------------------------------------------------------------------------------
11. Objects of Chart
a) Draw TrendLine (Thin Purple Line)- Soft StopLoss - Follows trade from
original ATR/ZigZag (if on) then Moves to Breakeven (if on), then changes to Yellow and follows the MA (if
on). Deleted after trade is closed.
b) Draws Arrow in the direction of the "direction change" of MA of RSX
- Value3/Buffer2, at the close of candle of the mid timeframe (Yellow medium size Arrow)
Responded
1
Rating
Projects
395
28%
Arbitration
155
20%
/
52%
Overdue
112
28%
Free
2
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3328
67%
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77
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/
14%
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342
10%
Working
Published: 1 code
3
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334
55%
Arbitration
14
36%
/
29%
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1
0%
Free
4
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86
57%
Arbitration
25
0%
/
84%
Overdue
19
22%
Free
5
Rating
Projects
1
0%
Arbitration
0
Overdue
0
Free
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