Need an Expert Advisor based on 4 EMA´s

MQL4 Experts Forex

Job finished

Execution time 26 days
Feedback from customer
Good developer. Patient, competent and polite. I made some incorrect requests at the beginning of the project, but Victor did not hesitate to help me with the development. Recommended
Feedback from employee
Great client hope to work with you in the future

Specification

Hello, I would like an expert advisor based on 3 main exponential moving averages for decision making (8, 14, 21), taking into account ultimately the macro trend, represented by the exponential moving average of 200 periods.

So we have a very simple strategy, easy to be followed by a robot and that will not present false entries.


*Use this video as the ultimate reference.

https://www.youtube.com/watch?v=v3w4RprB-8Q



--Every trade must be in accordance with the exponential moving average of 200 periods, so that we can always be in accordance with the current macro trend. If the price is spreading below EMA200, we are only looking for sales, if above EMA200, we are attentive to buy this market. Wanna be able to turn it on and off for better results on backtesting. It is important that the robot can be able to diferenciate a trending market from a sideways one. 

When we are in a trend, all 3 main moving averages should present themselves in a more equidistant manner, in a way like the alligator's mouth, as some say. Well, within this trend scenario, our entry point is precisely in the rest of this movement, entering the pullback. This pullback is materialized as an input trigger when the price comes very close or touches the EMA13 and then the trend continues on the same candle (in the case of a falling star / hammer), or on the next candle, in the case of a close near the EMA13, followed by one engulf.--------We need to put a limit on the stop loss value, because we dont want to entry on a huge candle, with a big stop loss, leading the take profit as far and harder to get hit, possibly leading uss to big losses.



STOP LOSS:

The stop loss should always be below(buy), above(sell) the EMA13 level, just below the pullback, maybe 3 - 5 pips.



TAKE PROFIT:


Take profit 1 gonna be 1x or 1.5x the risk. 

Take profit 2: Once it hits the first TP, 50% of the position is closed, Stop loss moved to break even. Let this trade surf the trend until one candle closes right on the 13EMA. 





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Project information

Budget
30 - 40 USD
Deadline
from 1 to 3 day(s)