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Specification
I’m looking for an experienced MT4 programmer with a proven track record of developing and deploying reliable and stable EAs for Metatrader 4 to create a simple, yet very effective EA for me:
The EA to be programmed should only open 1 position at a time (TP and SL should be user-definable) and after 1 or 2 seconds of hitting the set TP or SL (the time interval should be user-definable as well), the EA will automatically open a new trade/position (this means there will always be only one active trade at a time). After that it’s rinse and repeat, that is, once the next TP or SL is hit, the EA will open a new position and so on...
The user should be able to choose between a fixed SL and a trailing stop loss and the EA will determine whether to go long or short depending on the following parameters:
There will be 2 moving averages (both periods to be user-defined) and one RSI (period to be be defined by the user as well). If the moving average with the shorter time period (fast moving average) is above the one with the longer time period (slow moving average) and the RSI points up, the EA will go long and conversely, if the moving average with the shorter time period (fast moving average) is below the one with the longer time period (slow moving average) and the RSI points down, the EA will go short. If the RSI doesn’t align with the moving averages (e.g. the fast moving average is above the slow moving average but the RSI points down) the EA will wait with the opening of the new position until they align. The user should also have the option of disabling the RSI filter (in that case the EA only relies on the moving averages to go long or short).
Please remember that the two moving averages and the RSI will merely determine which direction (long/short) a new trade is opened but not when it is opened since each trade is opened automatically within 1 or 2 seconds of hitting the TP or SL of the previous trade.
The project should be finished within 7 days and please submit your proposal along with your credentials.
Thanks for your interest in my project.