Modification of Indicator to EA with additional rules

MQL4 Experts

Job finished

Execution time 11 days

Specification

Overview

I would like a fully automated trading robot based on Traders Dynamic Index with Moving Average support for trade entry and exit. TDI indicator will be provided. This will be a trend trading system with additional Telegram support. Settings to be customisable based on below description and further information as available. System to be used for any symbol and on any time frame but focus on higher time frame.

Base trading indicator 

EA will enter on based on fundamental principles of TDI i.e signal line cross when MBL is either buy or sell range.

Additional filters for opening position

- Moving average support (smooth moving average or exponential moving average) values to be user definable, maximum 3 Moving Averages. The type of Moving average (MA) will be the same through out, just the value will change. There can be a minimum of 1 MA and Max 3 MA for EA to trade. Default value is 50, 200 and 800. 

- If gap between moving average decreases, EA does not trade. Value to be based on (user definable value) Default is 3 previous bars.

- If Market Base Line is acting opposite of intended entry, EA does not trade based on previous bars (user definable) Default is 3 previous bars. i.e. MBL must be in positive direction for buy. Opposite applies for entry.

Trade open

Trade to open when signal line cross and all other conditions met.

If unable to open trade successfully, make note in journal.

Trade management

Lot size management will be based on (defined by user) of available balance. Default is 1%

Program will have Take Profit and Stop loss functions based on customisable average true range value.

Position to close half of available lots when at (user definable value) ATR value of entry. Default ATR value is 2

Remaining open lots to have trailing stop of (user definable ATR) value. Default is 1

Stop Loss will be based on close price on symbol. 

ATR value can also be less than 1, i.e. 0.75.

EA will have limit on number of open orders (user definable). Default is 3

EA to pause trading when more than (user definable value) of drawdown. Default is 15%

Telegram

EA to be able to send trade open / close signals and results to Telegram channel. Picture of entry / close would be nice. Plus weekly report of pips and profit

EA to work on MT4. If successful second order will be made for MT5 equivalent.


Further information and pictures are available for programmer.



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Project information

Budget
50+ USD
Deadline
to 10 day(s)