Creating a Multi-Currency Expert Advisor

Job finished

Execution time 6 days
Feedback from customer
Irshad is a very honest, sincere, and hard-working developer. he has developed the EA as per my requirement. Thanks for your support. I need your support in the future as well.
Feedback from employee
Supportive.. looking more projects from him.. big thanks...

Specification

Create Trading program/robot which should work in Meta trader 4 using moving averages, RSI and stochastic based on following rules by using mql4 language. Back test of same can be done. Program will be for any forex pair chosen.

Input as per below 

  1. Time frame will be from  time frame of the chart 

  2. Maximum budget can be alloted to this program can be adjusted

  3. Lot size fixed and can be adjusted

  4. Trailing stop : yes, in terms of number of pips

  5. Stop loss: Yes, value can be highest of last candle closed for sell order. And lowest of previous candle for buy order

  6. Exit buy order: on  reaching RSI below 45 or stop loss hits (can be lowest of candle previous to order opened or vice a versa)

  7. Input for slow moving average can be adjusted or changed

  8. Input for fast moving average can be adjusted

  9. Input for RSI can be adjusted or changed

  10. Input for stochastic can be adjusted or changed

  11. Trading can be control by day and time of day

Implement the following rules for the buy condition:

  1. Calculate the fast moving average (MA) and slow MA using the closing price. If the fast MA crosses above the slow MA from below and stays above that proceed to the check next condition.

  2. Calculate the RSI using the closing price. If the RSI is 50 or above, proceed to check the next condition.

  3. Calculate the stochastic oscillator and check if it favors the buy condition. It should have an upward slope.


If all the above  conditions satisfies by  all three indicator then, place a buy order instantly. 

Implement the following rules for the sell Condition:

  1. Calculate the fast MA and slow MA using the closing prices. If the fast MA crosses from above and stays below the slow MA  proceed to check the next condition.

  2. Calculate the RSI using the closing price. If the RSI is 50 or less than 50, proceed to check the next condition.

  3. Calculate the stochastic oscillator and check the slop that should be downwards  and favors the sell condition.

If all the  conditions given to all three indicator supports the sell condition, place a sell order on that chart.

Note: some minor corrections in conditions may get changes depending on back test result. It is deemed to be get corrected in the same work order







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Project information

Budget
40+ USD
Deadline
to 10 day(s)