EA based on price and slow Exponential Moving Average EMA

Job finished

Execution time 13 days
Feedback from customer
Vladislav was very professional, ask right question, and he doesn't hesitate to give additionnal good idea. The expert was better than expected. looking for next one :) Thanks again
Feedback from employee
Thanks a lot

Specification

Dear developper,

I need your help to developp an Expert Advisor on MT4, based only on price accrossing Slow Exponential Moving Average (EMAx)

Please find below details and further conditions :

Buy Conditions:

  1. Candle 1 : candle accross the Slow EMA (Lowest price of candle1 Under EMAx and Highest price of candle1 above EMAx)
  2. Candle 2 = candle coming just after candle 1, and completely above EMAx (Lowest and Highest price of candle2 above EMAx)
  3. Send Buy limit Order = Highest price of Candle2 + 1 pip

 Send 2 Order with same conditions above,

For Order 1 :

TP1 = 100pips

Initial Stop Loss = EMAx – 3pips

Trailingstop activitaed at 4 pips as soon as 5pips of profil reached

Moove forward by 5 pips  

 

For Order 2 :

TP2 = 200pips

Initial Stop Loss = EMAx – 3pips

Trailingstop activitaed at breackeven as soon as 5pips of profil reached

Moove forward by 10 pips  

 

Sell Conditions:

1. Candle 1 : candle accross the Slow EMA (Lowest price of candle1 Under EMAx and Highest price of candle1 above EMAx) 

2.          Candle 2 = candle coming just after candle 1, and completely below EMAx (Lowest and Highest price of candle2 below EMAx) 

3.          Sell limit = lowest price of Candle2 - 1 pip 

 

Send 2 Order with same conditions above. 

For Order 1 : 

Initial Stop Loss = EMAx + 3pips

Trailingstop activitaed at 4 pips as soon as 5pips of profil reached 

Moove forward by 5 pips 

TP1 = 100pips

 

For Order 2 : 

Initial Stop Loss = EMAx + 3pips

Trailingstop activitaed at breackeven as soon as 5pips of profil reached 

Moove forward by 10 pips 

TP2= 200pips

 

 

If the Buy or Sell limit order are not executed, and the price accrose EMAx again, cancel order and restrat the loop of conditions.

There can be only BUY Or SELL trade at a time.

 

Input I can change / optimize :

  • Timeframe 
  • Forex pairs  
  • Lots Size (0,1 by default)
  • EMA Period = X  (150 by default)
  • TP1 (100pips by default)
  • TP2 (200pips by default)
  • Y of Initialstop Loss = EMAx +/- Ypips (Y = 3pips by default)
  • Z and W of TrailingStop Loss Order 1 =  activated at Z pips as soon as W pips of profil reahed (Z = 4pips and W = 5pips by default)
  • V of Trailingstop Loss Order 2 =  activated at breakeven as soon as  W pips of profil reached , moove forward by V pips (V = 10pips by default)
  • Allowed max Drawdown : Yes/No (Yes = cut all trade if % Allowed Drawdown reached)
  • A of % allowed Drawdown (A = 50% of capital by default)
  • Trading during WE : YES/NO (If NO : no new trade during WE)
  • MagicNumber

 

Do not hesitate if you need further information, 

I need Code source and your support please, and even feel free to give some advise about the strategy 

It will be great if I could get it in 3 weeks

Thanks 

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Project information

Budget
30 - 40 USD
Deadline
to 20 day(s)