FreelanceSections

EA based on 3 indicators

MQL5 Experts Forex Trading robot/indicator debugging Strategy optimization Statistics and mathematics C++

Job finished

Execution time 10 hours
Feedback from customer
Met all my specifications in a timely manner. Thanks!
Feedback from employee
Thanks so much!!!!!

Specification

This strategy is going to be based on 3 sets of indicators.

Indicator 1:
Moving averages. Here we need 2 moving averages. 
✓ The 50EMA and,
✓ The 200EMA.

- Whenever the red 200EMA is above the blue 50EMA, this gives the idea that the market is bearish (look for sell opportunities) 
- Whenever the 50EMA is above the 200EMA this gives as the ideas that the market us bullish (look for buy opportunities).


Indicator 2:
Indicator 2 is the pivot points indicator. This indicator is very useful and plots real-time support and resistance levels on the charts. It draws 4 resistance levels 
as well as 4 support levels at every instance, namely R1, R2, R3…, and S1, S2, and S3… respectively. 
✓ So, when the price is bearish, we want to see how the price reacts around the R1, or if it breaks through, we want to see how the price reacts above PP, R1, R2 and R3. Here we look for sell positions
✓ When the price is bullish, we want to see how price reacts below PP, S1, S2, S3 and so on. At this position we will be looking for buy entries. Please note that this is the region below PP.


Indicator 3:
- The RSI dot period should be 6. make it a variable
Now this is the indicator that gives confirmation to enter the market. Please never take a trade when this hasn’t happened. So if the price is bearish and the 
black dots are plotted above either R1, R2, and R3, those are our entry confirmations. And If the price is bullish, we want to see the green dots getting plotted 

below S1, S2, and S3 so that we can take the buy entries. If none of these is met, we shouldn't take trades.


Adittional instructions.

- For the moving avarage i should be able to disable them on the EA. i.e they should be optional

- I want to be able to define the lot size

- I want to be able to define TP and SL. I want it to be in points so that I can have different SETs for various pairs

- I want a trailing TP so leave variables where i can adjust where the trailing stop will start.

- Also add an indicator panel on the chart when the EA get loaded. (be creative here)





NB:

- The EA should only take one trade at a time on the chart it is loaded onto. If another opportunity happens while still on a trade the EA should not excecute it.

For the EMA filter add a box where i can disable them.

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Project information

Budget
50 - 100 USD
For the developer
45 - 90 USD
Deadline
from 1 to 3 day(s)