Moving Average Conservative

MQL4 Experts

Job finished

Execution time 15 hours
Feedback from customer
Hired again, because he have good price and deliver urgent projects in time, besides I like his code. Can change easily.

Specification

This new EA will work only with 3 Exponential Moving Averages, defined in input parameters. It will try a maximum profit (percentual - also defined as input parameter). The point is that we have MA1, MA2 and MA3. At begining, EA must check if MA3 period is bigger than MA2 and MA2 period bigger than MA1 - show error if not.
How it works:
User must specify an initial lot size (also as input parameter). If MA1>MA2 and MA2>MA3, it will start a sell order with lot size defined by user. And do so for EVERY NEW CANDLE (not every ticket), ONLY if MA1>MA2 and MA2>MA3 on the new bar. It will keep opening orders while MA values are in the sequence MA1>MA2>MA3, or while maximum profit is reached. Current profit is calculated with equity/balance. If  current profit is reached, EA will close ALL ORDERS and start over. If position of MAs changes, so it must check when MA3>MA2>MA1 and start selling orders, the same way. However, if there are SELL orders open, lot size will be the double for SELL orders. The same for BUY orders: if there are open SELL orders, lot size will be the double for BUY orders.
That's it. It can work with any symbol and any timeframe.

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Project information

Budget
50 - 150 USD
Deadline
1 day(s)