Need an EA trading with the RSI.

MQL5 Experts

Job finished

Execution time 1 day

Specification

Hello, expert!


I'm looking to have an RSI based EA that trades on one hour chart. Here are the requirements:

Open a BUY position when

1. in an uptrend (H1 above 200 EMA)

and

2. RSI crosses 50

Opposite applies for a SELL position.


Unsure about the lot size and here's the "funny" part:

- the robot needs to assess the situation hourly. If in profit (after, say, an hour), add another position of the same size (scaling up, I think it's called) and again and again, until, collectively, all the positions are in profit that equals to 2% of the trading account...aka, when the direction is correct, target 2% of the trading account size as the TP. 


- if the direction is incorrect, it needs to (again, hourly) start adding positions that are twice as big as the already open position(s) and assess the situation hourly. Effectively relying on a pull back. And again, target 2% of the trading account as the TP (all the open positions combined)


It, essentially, means, that the robot might not win every "battle", but it'll win every "war". So no SL set as no "war" will be lost. Yes, individual positions will be losers (as well as winners), but overall, the robot wins 2% every day (say, 4 times a week).


It's a strategy I discovered on one of the "copy trades" websites so I know it can be done. I cannot get the source code, so I'd like to have my own built.


I'm open for discussion about this strategy sa the one I currently copy, isn't perfect and "leaves a lot of pips on the table". I know a way how to improve it to lock in bigger gains and leave trades open for longer. 

Responded

1
Developer 1
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
2
Developer 2
Rating
(100)
Projects
125
23%
Arbitration
12
0% / 75%
Overdue
22
18%
Free
3
Developer 3
Rating
(402)
Projects
707
49%
Arbitration
57
16% / 49%
Overdue
130
18%
Free
4
Developer 4
Rating
(212)
Projects
343
16%
Arbitration
22
41% / 32%
Overdue
18
5%
Loaded
5
Developer 5
Rating
(67)
Projects
108
31%
Arbitration
1
100% / 0%
Overdue
2
2%
Working
6
Developer 6
Rating
Projects
0
0%
Arbitration
1
0% / 0%
Overdue
0
Free
7
Developer 7
Rating
(13)
Projects
17
12%
Arbitration
7
14% / 57%
Overdue
4
24%
Free
8
Developer 8
Rating
(568)
Projects
641
41%
Arbitration
21
57% / 29%
Overdue
47
7%
Working
9
Developer 9
Rating
(1100)
Projects
1781
61%
Arbitration
14
64% / 7%
Overdue
84
5%
Free
10
Developer 10
Rating
(47)
Projects
71
45%
Arbitration
3
0% / 100%
Overdue
0
Working
11
Developer 11
Rating
(554)
Projects
1341
59%
Arbitration
28
82% / 0%
Overdue
10
1%
Free
12
Developer 12
Rating
(8)
Projects
13
85%
Arbitration
1
0% / 100%
Overdue
0
Free
13
Developer 13
Rating
(298)
Projects
427
26%
Arbitration
18
61% / 33%
Overdue
26
6%
Free
14
Developer 14
Rating
(64)
Projects
107
68%
Arbitration
1
100% / 0%
Overdue
2
2%
Free
15
Developer 15
Rating
(247)
Projects
440
34%
Arbitration
57
35% / 37%
Overdue
161
37%
Busy
16
Developer 16
Rating
(130)
Projects
167
37%
Arbitration
4
25% / 50%
Overdue
13
8%
Loaded
17
Developer 17
Rating
(145)
Projects
258
35%
Arbitration
12
25% / 58%
Overdue
42
16%
Free
18
Developer 18
Rating
(37)
Projects
59
27%
Arbitration
25
20% / 52%
Overdue
10
17%
Working
19
Developer 19
Rating
(72)
Projects
80
10%
Arbitration
36
8% / 53%
Overdue
6
8%
Working
20
Developer 20
Rating
(16)
Projects
22
18%
Arbitration
0
Overdue
0
Free
21
Developer 21
Rating
(52)
Projects
97
24%
Arbitration
11
18% / 18%
Overdue
12
12%
Working
22
Developer 22
Rating
(62)
Projects
193
73%
Arbitration
4
100% / 0%
Overdue
1
1%
Free
23
Developer 23
Rating
(130)
Projects
186
54%
Arbitration
3
33% / 33%
Overdue
6
3%
Free
24
Developer 24
Rating
(58)
Projects
66
6%
Arbitration
28
18% / 39%
Overdue
4
6%
Loaded
25
Developer 25
Rating
(481)
Projects
510
53%
Arbitration
10
60% / 20%
Overdue
3
1%
Free
26
Developer 26
Rating
(1)
Projects
3
100%
Arbitration
0
Overdue
1
33%
Free
27
Developer 27
Rating
(119)
Projects
169
38%
Arbitration
9
78% / 22%
Overdue
15
9%
Free
Similar orders
Hello mate .. i am Looking for a skilled developer to integrate my broker into MetaTrader 5 (MT5). Currently, my broker is not available on the platform, and I need someone with expertise in creating or adapting broker connections for MT5. The ideal candidate will have a strong understanding of MT5 architecture. If you are proficient at working with APls and have a background in trading platform integration, please
Hi developer, I need a EA bot with forex news filtering for USD currency pairs (usdjpy, audUSD,EURUSD, gbpUSD, NZDUSD, USDcad, USDCHF, xauusd). That's no problem if you can share your own profitable ea to me. I don't have any idea about ea strategy. But, I need profit in m30 or other TF. Please share backtest, strategy, how ea works and ea's features
COETZEE EA BOT 30 - 100 USD
Hello I am looking for an EA developer that can create for me a bot that trades prop firms accounts and makes at least $500 a day from a $50,000 account balance. This EA should have SL on every trade as mandatory. I do not have any EMAs strategies but I am willing to accept any strategy the developer has to deploy as long as it produces 0.5% a day and is not HFT
BOT SAFE 30 - 100 USD
Określ swoje wymagania Specyfikacje tutaj punkt po punkcie. Postaraj się krótko i przejrzyście opisać swoje wymagania, aby Twój potencjalny programista był w stanie prawidłowo ocenić ich złożoność i koszt, a także wymagany czas realizacji. Zły lub zbyt ogólny opis spowoduje, że Twoje zamówienie zostanie zignorowane lub spędzisz dużo czasu negocjując szczegóły z każdym wnioskodawcą. Pamiętaj: Lepiej poświęcić
I need to make EA (Expert Advisor) and would appreciate it if you could provide your most competitive quote. Please let me know your best price for completing these changes, as I’m looking to get this done promptly and effectively. Thank you
I need to make several modifications to an EA (Expert Advisor) and would appreciate it if you could provide your most competitive quote for these edits. Please let me know your best price for completing these changes, as I’m looking to get this done promptly and effectively. Thank you
in this document i have explained the EA requirements in details and given some pictures of needed options . please Grid EA expert apply to my job . and do not come with no experience. https://docs.google.com/document/d/1Y_Vbv87Ep5BQavRxgDlsWT7GH5VjSgVDnm6C1wtVtj0/edit?usp=sharing i can pay 30 USD now but later on if EA get successful . i'll gift with tip of 50 USD after successful month
All information is detailed in the attached EA diagram. I need a risk management EA build that calculated % amounts based on a snapshot of the starting balance each day, the initial balance and the floating balance. I then need to close positions based on this targets and also disable/enable algo trading. Quite basic ideas. Please see the attached image for all/more details and please let me know what you think/your
Halo These ACS&Csdash indicators work in the same way but provide signals of different currency pairs. And Either of these two ACS indicators should be selected any one and set to trade. It provides signals of multiple currency pairs in the interface So the EA should work like that to trade multiple currency pairs on one chart. CsDash should analyze whether it is a strong signal to show on the dash board and make a
Hello, Please I need help to connect a script to crypto Triangular Arbitrage to binance api to buy sell sell and buy buy sell step A Step B Step C minimum profit 0,3 and minimum 100 usdt , bnb in value 100 usdt and eth in value 100 usdt .Thanks

Project information

Budget
100 - 200 USD
For the developer
90 - 180 USD