Simple Price Action EA on MT5

MQL5 Experts

Job finished

Execution time 2 days
Feedback from employee
Great! recommended!

Specification

I need to get an MT5 Multipair EA based on 2 Price action patterns and 1 Indicator (Stochastic). Time frame used should be H4 and Higher.

  1. Engulfing Candlesticks.
  2. Pin bar candlestick.
  3. Harami.
  4. Doji

Buy Rules

Whenever there a Bullish engulfing candlestick pattern / Bullish Pin Bar candlestick / Bullish Harami / Doji and Stochastic Indicator is in Over sold zone (i.e. below or at 20), place a buy trade.

Sell Rules

Whenever there a Bearish engulfing candlestick pattern / Bearish Pin Bar candlestick / Bearish Harami / Doji and Stochastic Indicator is in Over Bought zone (i.e. above or at 80), place a sell trade.

Additional Filters/settings

  • Add Zone recovery Strategy.
  • Lot size management.
  • Settings should contain Enable/Disable Stochastics usage. I.e.
    • If enabled, EA should take trades combining Price Action and Stochastics Indicator(both). 
    • If Disabled, EA should take trades only based on Price Action.
  • Trades according to the certain time zones in a Day.
  • Include best Exit strategy (Developer's choice). Indicator based exit strategy is preferred. 


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