Creation of a simple Scalping Bot using 2 indicators. All information will be described below:

Job finished

Execution time 3 days
Feedback from customer
Zhilwan is very professional and prompt. Great quality work and very fast too
Feedback from employee
Very good customer, clear requirements, high communication skills

Specification

I want to develop a forex scalping strategy on the 1 minute charts.


The strategy will only consists of 2 indicators. Those indicators include:

1. Simple 70 Period Moving Average (closed)

2. Stochastic indicator K=14 D=3 Smooth= 3 (14, 3, 3) Levels= 80/20


Mechanics

This EA will have these few rules to follow.

1. Use the 70 Moving Average to determine whether price is in a UP Trend or DOWN Trend. If the 70 Moving Average is below price, price is in an Up Trend. If the 70 Moving Average is above price, price is in a Down Trend.

2. If price is in an Up trend, we are looking for the stochastic indicator to cross the 20 Level. If Price is in a Down trend, we are looking for the stochastic indicator to cross the 80 Level.

3. Once the stochastic indicator crosses either of these levels we  will have the EA make a buy or a sell. (Up Trend+ Cross at 20 Level = BUY) (Down Trend + Cross at 80 Level = SELL)

*Note: It must abide by both rules, it cannot open unless both conditions are met*

Here are some examples below: 

Price is in an Up Trend and the stochastic indicator crosses the 20 level so we make a buy at the candle indicated by the green arrow.



Price is in a Down Trend and the stochastic indicator crosses the 80 level so we make a sell at the candle indicated by the red arrow.


Starting lots let's use 0.1

Allow lot size to be fixed or dynamic based on the balance.

Allow breakeven function and martingale function using a grid function and allow this to be enabled or disabled.

For martingale and grid, please allow the distance to be modifiable.

Please allow the martingale factor of increase to be modifiable (example, 1.3 increase each time a new trade is opened)

Allow a maximum amount of orders to be opened for martingale (4)


Default TP will be set at 100 points and modifiable.

SL i would like it to have two functions. 1. Allow it to be a fixed amount set to 100 points, and 2. Allow it to be set as the 70 Simple moving average line

We will use points, not pips 

News filter (Will be discussed and negotiated)

Allow a time filter for the bot to turn on or off during certain hours and to trade certain days of the week.




Once the order is done, I would like the source code.

Please let me know if you have any questions or concerns.


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Project information

Budget
50+ USD
Deadline
to 4 day(s)