Ea swing

MQL4 Experts

Job finished

Execution time 1 day

Specification

Hi hope someone will made this ea.

 

EA with the following parameters:

System: EA and Indicator for MetaTrader4 / MQL4, delivering of the Source-Code

EA Swing

Have to work for all Assets -> Indices, Forex, Gold

Used Indicators : RSI, Forex Trend (will be delivered) 


Money-Management:

1. fix lot size

2. variable lot size:

risk X% of account balance

lot size depends of the SL 

for example:

account balance = 10.000,-

risk 2% = 200,-

SL = 20 points or 20,-

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STRATEGY TREND:

LONG:

When the market is trending down / short, we need the RSI to cross below level 30. Wait for the close of a candle above the 2 Red Lines.

Then confirm that the RSI went from below level 30 to above 30. At the opening of the next candle,

a Long / Buy trade is opened. Put the stop at the swing low of the previous candle or to a fix stop (choosable in the settings).


SHORT:

Once the market is trending up / long, we need the RSI to cross above level 70. Wait for the close of a candle below the 2 Blue Lines. 

Then confirm that the RSI went from above level 70 to below 70. At the opening of the next candle, 

a Short / Sell trade is opened. Put the stop at the swing high of the previous candle or to a fix stop (choosable in the settings).


Exits:

fix take profit (chosable in the settings)

fix stop loss (choosable in the settings)


Option 1

Stop loss distance will be used as take profit target.


Example: 1:1 Risk to reward. If your stop is -12 pips your take profit should be +12 pips.


Option 2

Stop loss distance will be used as take profit target. If take profit is reached than partial close of 50% of the position.

than trailing stop: put stop at the low (buy trade) or the high (short trade) + x points of the previous candle.


Example: Open 2 lots. If your stop is at -10 pips, once your trades goes in your favor and you’re take profit is at +10 pips,

close 1 lot and let the other one run till exit with trailing stop.


Option 3

Exit on rsi level's these levels have to be choosable in the settings


Example: long trade close if rsi is closing above rsi level 70 / short trade close if rsi is closing above rsi level 30/

long and short trade close if rsi is closing above or below rsi level 50


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Additional Settings:

trading time -> when a positione will open

close time -> when a position have to close

all rsi and forex trend settings have to be choosable

max. open positions

 

thanks and regards 

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Project information

Budget
50 USD
VAT (19%): 9.5 - 9.5 USD
Total: 59.5 - 59.5 USD
For the developer
45 - 45 USD
Deadline
from 1 to 5 day(s)