Freelance service at MQL5.com: Obba EA

Job finished

Execution time 8 days

Description

Specification

I have this indicator that I use for my strategy and I want make it into an EA

/@version=5

indicator("Swing High/Low with Horizontal Lines", overlay=true)

// Inputs

barsback = input(2, title='Bars back to check for a swing')

futureBars = input(10, title='Number of future bars for horizontal line')

showSwings = input.string("Both", title="Show Swings", options=["Both", "Highs", "Lows"])

maxSwings = input.int(5, title="Maximum number of swings to show", minval=1)

// Function to detect swing highs and lows

swing_detection(index) =>

swing_high = true

swing_low = true

for i = 1 to barsback

if high[index - i] >= high[index] or high[index + i] > high[index]

swing_high := false

if low[index - i] <= low[index] or low[index + i] < low[index]

swing_low := false

[swing_high, swing_low]

// Detect swings for the current bar

[swing_high, swing_low] = swing_detection(barsback)

// Initialize arrays for swing lines and their end bars

var line[] swingHighLines = array.new_line()

var int[] swingHighEndBars = array.new_int()

var line[] swingLowLines = array.new_line()

var int[] swingLowEndBars = array.new_int()

// Function to draw lines

draw_line(lineArray, endBarArray, index, price, color) =>

if array.size(lineArray) >= maxSwings

line.delete(array.shift(lineArray))

array.shift(endBarArray)

newLine = line.new(x1=bar_index - index, y1=price, x2=bar_index - index + futureBars, y2=price, color=color, width=2)

array.push(lineArray, newLine)

array.push(endBarArray, bar_index + futureBars)

// Check if the line should be extended or stopped

update_lines(lineArray, endBarArray) =>

for i = 0 to array.size(lineArray) - 1

lineId = array.get(lineArray, i)

endBar = array.get(endBarArray, i)

price = line.get_y1(lineId)

if bar_index <= endBar

if high >= price and low <= price

array.set(endBarArray, i, bar_index)

line.set_x2(lineId, bar_index)

line.set_extend(lineId, extend.none)

// Conditionally draw swing highs and lows based on user selection and maximum number of swings

if (showSwings == "Both" or showSwings == "Highs") and swing_high

draw_line(swingHighLines, swingHighEndBars, barsback, high[barsback], color.red)

if (showSwings == "Both" or showSwings == "Lows") and swing_low

draw_line(swingLowLines, swingLowEndBars, barsback, low[barsback], color.green)

// Update lines to stop extending when crossed

if showSwings == "Both" or showSwings == "Highs"

update_lines(swingHighLines, swingHighEndBars)

if showSwings == "Both" or showSwings == "Lows"

update_lines(swingLowLines, swingLowEndBars)

Identify swings using the above indicator way of identifying them

Compare two charts (Allow me to choose which charts + allow me to use the time frame) (time frame should be in the same for both of them)

Mark the common swings (Common swing is a swing that has formed on both choose charts within the same candle on the selected time frame

Once one of the common swings broken on only 1 chart and not on the other (That is called Obba) set a stop order on the pair that hasn’t broken the common swing

For example

Pair 1 broke the common swing high but pair 2 didn’t, then Set stop order on pair 2 on the low of the last formed candle, set SL on the common swing

Set Tp 2.5RR

If the common swing is broken before order activation then cancel the order

If the order is not activated and new candle formed and the common swing still not broken then cancel the order and set it again on the low of the last formed candle

When price reaches 1.5RR move stop loss to breakeven and close 0.25% of the open lot size

Only 1 trade per pair a time (you can enter for the other pair) unless the open trade is on breakeven

Maximum loses per day ( variable)

Maximum Tp ( variable)

Chosen Risk in percentage from the equity capital ( variable)

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Project information

Budget

30+ USD

Specification quality
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