Create EA and use these 3 Indicators Williams Percent Range, Commodity Channel Index, Moving average

MQL4 Experts

Job finished

Execution time 10 minutes
Feedback from employee
Really very good customer, I like to work with him again.
Feedback from customer
amazing work

Specification

Forex Expert Advisor (EA) Outline:

1. Initialization:

  • Import necessary libraries and set up the trading environment.
  • Define parameters such as the period for moving average (21 in this case).

2. Define Functions:

  • Function to check Williams Percent Range (WPR) conditions for opening trades.
  • Function to check Commodity Channel Index (CCI) conditions for opening trades.
  • Function to check Moving Average (MA) conditions for closing trades.

3. Main Loop:

  • Continuously monitor market conditions.
  • If WPR conditions meet criteria for buying or selling, and CCI conditions align, open trade accordingly.
  • Monitor open trades for closing conditions based on MA.

4. Trading Logic:

  • Opening Trades:
    • Buy: If WPR <= -90 and CCI <= -100
    • Sell: If WPR >= 10 and CCI >= 100
  • Closing Trades:
    • Close buy trade: When price touches the 21-period moving average from below.
    • Close sell trade: When price touches the 21-period moving average from above.

5. Risk Management:

  • Implement appropriate risk management strategies such as stop-loss and take-profit levels.
  • Consider position sizing based on account balance and risk tolerance.

6. Optimization and Testing:

  • Test the EA on historical data to validate its performance.
  • Optimize parameters if necessary to improve performance.
  • Ensure robustness by testing across different market conditions.

7. Execution:

  • Deploy the EA on a trading platform connected to a Forex broker account.
  • Monitor its performance and make adjustments as needed.

8. Continuous Improvement:

  • Regularly review the EA's performance and adjust parameters or update logic based on market conditions.

Add Control Futures parameters

  • Lot Size
  • Take Profit
  • Stop Loss
  • Trilling Stop
  • Slippage
  • Spread
  • Start Trade Hours
  • Start Trade Minutes
  • Stop Hours
  • Stop Minutes
  • Magic Number
  • Comment 

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Project information

Budget
50+ USD