FreelanceSections

Mean Reversion Expert Advisor (FOREX)

MQL4 Experts Trading robot/indicator debugging Forex

Job finished

Execution time 6 hours
Feedback from employee
Its Always a pleasure to work with segway509
Feedback from customer
As always, job well done. Dalya is my go-to person for programming my EAs

Specification

Hello, I'd like to develop an Expert Advisor for mean reversion. Here are the specs below

FLOWCHART ATTACHED

1. The idea of the trading system is as follows: market entries are established when 1) the Upper Shadow or Lower Shadow is outside of the Upper or Lower Bollinger Band (20,2) and  2) the Upper or Lower Shadow is a certain length in pips.

2. Buy signal - all are necessary on most recent prior candle

  • Low < Lower Bollinger, and
  • Close minus Low > or = 6, and
  • Close minus Open > or = 6, and
  • No open positions

Buy @ Market Price with OCO Stop Loss = 11, Take Profit = 8

3. Short signal - all are necessary on most recent prior candle

  • High > Upper Bollinger, and
  • High minus Close > or = 6, and
  • High minus Open > or = 6, and
  • No open positions

Short @ Market Price with OCO Stop Loss =11, Take Profit = 8


Necessary:

  • System begins at 8pm Easter Standard Time on Sunday
  • System runs check of prices / Bollinger every time a new candle is formed
  • System closes out ALL positions on Friday at 3:59PM Eastern Standard Time

Necessary:

  • I want the ability to adjust ALL inputs
    • Bollinger, value of High minus Close
    • value of High minus Open
    • value of Close minus Low
    • value of Close minus Open
    • Take Profit Long, Take Profit Short
    • Stop Loss Long
    • Stop Loss Short
    • System Begin time (i.e. 8pm Sunday)
    • System End Time (i.e. 3:59pm Friday)
    • How much to buy (i.e. 10 Micro Lots - denominate in Micro Lots)
















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Project information

Budget
75+ USD
Deadline
to 2 day(s)