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Specification
Looking for an experienced programmer to create EA for mt4 based on RSI and Exponential moving averages. Its not a complicated trading strategy but complicated in the way where so set the stop loss and take profit. I need someone with experience who can knock it out and understands their work very well so there are few revisions needed. I need it done accurately so experience is a plus just for that main reason. If you have alot of experience and can code quickly contact me.
Name: The Wall
To my Template:
1. I use a RSI(14) and
2. many exponential moving averages 44, 47, 50, 53, ..., 95, 98
Trading:
Open the trade:
BUY: The robot should open a trade once the RSI moved from below 30 or less (should be adjustable) with a positive candle. The trade should be opened when the candle CLOSES above RSI 30 (should be adjustable). IMPORTANT: The Distance to the NEAREST moving average (44-98)should NOT be less than 25 pips. This value should be adjustable. Recomended 25-30 Pips.
Additionaly: The size of the candle should not be more than lets say 40 pips (should be adjustable)
SELL: The robot should open a trade once the RSI moved from above 70 or more (should be adjustable) with a negative candle. The trade should be opened when the candle CLOSES below RSI 70. IMPORTANT: The Distance to the NEAREST moving average (44-98) should NOT be less than 25 pips. This value should be adjustable. Recomended 25-30 Pips.
Additionaly: The size of the candle should not be more than lets say 40 pips (should be adjustable)
Close the trade:
STOP LOSS: The Stop loss should be placed below/above the candle after which we placed a trade, but a MINIMUM of 10 pips. Sometimes the Candle has a swing, this should also be calculated to the half or a third(should be adjustable).
This means for example: Sell trade: Candle Open:1.17907 High:1.18039 Low: 1.17782 Close: 1.17800
So for this trade the robot would place for example a sell trade, and put its stop loss on the position where the candle Opened, and would additionaly calculate the half or one third between Open and High.
TAKE PROFIT:
Take profit should be 1.2 (should be adjustable) of the Stop loss. So for example stop loss is 10 Pips and take profit would be 12 pips. At this Point I would need your suggestions to maximize the profit. Trailing Stop? Here I need help please. Its happens that, the graph goes trough The Wall, so we would need ideaes to maximize the profit.
And of cause I should be able to backtest the EA.
I think I explained my Ideas fully for this EA. I would like to hire a person for this job, who can bring up its own Ideas so we can work it out together.
Thank you for reading,
Best Regards,
Maxim
