Freelance service at MQL5.com: Modify an existing EA to work properly, which uses a custom indicator, in MQL4

Job finished

Execution time 6 hours

Description

Specification

I want you to fix a MQL4 Expert Advisor for GBPUSD, so that it works properly. This EA uses a custom MQL4 indicator of Squeeze Momentum Indicator from Lazybear. The indicator is at https://www.mql5.com/en/code/39636. I will attach its code here.

The rules of the expert advisor are:

If the Histogram Value of the Squeeze Momentum Indicator is larger than 0.00055 at the close of a 5 minutes candle, and the Squeeze of that candle is Off (dark cross on chart), and the Squeeze for the two preceding candles is On (grey crosses on chart), then an order for long is sent.

Similarly, If the Histogram Value of the Squeeze Momentum Indicator is larger than 0.00055 at the close of a 5 minutes candle, and the Squeeze of that candle is Off (dark cross on chart), and the Squeeze for the two preceding candles is On (grey crosses on chart), then an order for short is sent.

I am attaching a TradingView chart for explanation.

Attached:

"SQZMOM_LB_100.mq4" MQL4 custom indicator (to be used)

"Squeeze_Momentum_GBPUSD_5min_EA.mq4" MQL4 expert advisor (to be fixed)

Files:

MQ4

SQZMOM_LB_100.mq4

5.8 Kb

MQ4

Squeeze_Momentum_GBPUSD_5min_EA.mq4

5.4 Kb

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