Create an expert advisor that is based on 2 indicators and specific indications that I will leave in the description

MQL5 Experts

Job finished

Execution time 14 days
Feedback from customer
Muy efectivo y puntual, me gusto su forma de trabajo

Specification

It is about creating an automated trading strategy that operates based on two main indicators and certain specific rules for opening and closing trades.

The strategy will work on different time frames and will be adjusted according to the set parameters.


Strategy Components


1-Operation Direction Arrows - Attached indicator

1.1-Up Arrow (Long): Indicates opening a buy position.

1.2-Down arrow (Shorts): Indicates opening a sell position.

1.3-ATR (Average True Range) Indicator Standard period of 14 (user adjustable). It is used to determine the stop loss level for each trade.

1.4-Only one operation at a time

1.5-Only the closing of the candle will be taken into account for operations

1.6-You must be able to choose a time range of operation or operation of the ea


2-Strategy Rules To Open Trades


2.1-Long: When an up arrow appears.

2.2-Short: When a down arrow appears.


3-For Stop Loss


3.1-It is based on the ATR.

3.2-The stop loss is set at a distance in points or pips from the minimum (in longs) or maximum (in shorts) of the candle in which the trade is opened, using the value provided by the ATR.


4-For Take Profit


4.1-Variable: The operation is closed when the price changes direction, indicated by the appearance of an arrow in the opposite direction to that of the open operation.

Example: If a buy (long) trade is opened and a downward arrow subsequently appears, the trade is closed.


4.2-Custom Ratio: Option to set the take profit based on a user-defined reward/risk ratio, such as 1:1, 1:2, etc.

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Project information

Budget
60 - 78 USD
Deadline
from 3 to 7 day(s)