Very Simple EA based on one indicator

MQL4 Experts

Job finished

Execution time 29 days

Specification

I need a very simple EA based only in one indicator. It should work on RENKO candles.

The indicator is the fast signal of the indicator THV 3 Trix v4.01 Div (attached)

 

OPEN order when: The indicator changes the colour from RED to GREEN and the candle is closed.

BUY order when: The indicator changes the colour from GREEN to RED and the candle is closed.

CLOSE: We close every order when the next candle opens. It doesn’t matter if it´s a winner or a loser, every order will be closed at the opening of the next candle. 

 

Please take into account:

     - We don’t care of the slope of the indicator, just the colour of it.

     -  Risk taken per trade: Set as input parameter to the expert advisor. (As default 1% of the total balance per order (e.g. When balance 1.000€ -> Order lots= 0.1 lot)). Important:  The lots per order increases at the same scale as the balance do (and the opposite if the balance decreases).

     - Maximum spread allowed: Set as input parameter to the expert advisor. (as default 2 pips)

 

Please see the picture for clarification. (I believe the EA should work either with regular candles or RENKO bars.)

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Published: 51 articles, 1 code
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Project information

Budget
10 - 20 USD
Deadline
from 1 to 3 day(s)