FreelanceSections

Creation of EA based on several indicators

MQL5 Experts Trading robot/indicator debugging Forex

Job finished

Execution time 2 hours
Feedback from employee
Great Customer. Explains Everything Very Clearly. Looking Forward to code for him Again.
Feedback from customer
Developer was nice and patient even when I've decided to trim down my requirements specifications. EA was completed in way less than the specified time period. Overall, I'm happy with the results!

Specification


I’m looking for a developer to help me in creating an Expert Advisor to automate trading in forex. 


Possible indicators required based on strategy:

Moving average

MACD

Break of high/low


Overall Strategy for EA

For Buys setup:

  1. Price must be trading and closing above 200EMA.
  2. MACD line crosses above Signal line, while both are below 0. 
  3. When the above 2 conditions occur, the immediate candle that closes is the signal to place a buy stop around 1-2 pips above the high.
  4. If the next candle breaks the high by 1-2 pips, buy stop will be activated. 
  5. If the next candle fails to break the high by 1-2 pips before it closes, the buy stop should be cancelled. 


For Sells setup:

  1. Basically the opposite of Buys setup


I would also like to include some variations of TP/SL and perhaps some other variations to optimize this EA.

For example,

  1. Placing SL @ 1ATR below the signal candle and having TP @ 1.5-2 RR ratio.
  2. Trailing SL 
  3. Maximum spread to open trade
  4. Auto money management
  5. One chart setup


Other optimizations can be made along the way.



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