MA-Channel-Scalper EA

MQL4 Experts

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Execution time 9 hours
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Specification

Hi,

I want to have a Scalper EA which  makes use of a correction price from price movement using two Moving Average indicators (see figures) as a channel and Volumes indicator as a filter.

If the price goes up over the channel border and the Volumes indicator >1500, then put a dynamic (= it allway moves at a constand distance i.e 5 pips from the open price)  stop sell orders (with a stop loss of 15 pips). 

If the position is opened and  has a Profit 5 pips  , then move the stop loss at the entry price and start trailing of 5 pips step.

If the position is closed by reaching the stop loss, then a new stop buy order should be placed 5 pips from the current price.
The cycle can repeat up to 10 times until the prices turn back to inside the channel and the volumes < 1500.
At the opposite MA-channel border do just the same logic.
Following comments should be as functions in the input parameters dialogue:
Use MM yes
Risk 10,
Fixed lots 0.1
Pending orders: 5 pips
Volumes level: 1500
Max orders: 10
Max spread: 1.0
Slippage: 3.0
Stop loss 15.0
Trailing Stop: 15.0


 

 

 

Below is a video of what all this looks like on a typical trade.

 



 Setting the MA-Channel:

MaHigh 

 

Low 

 

Volumes indicator


 

 

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Project information

Budget
20 - 30 USD
Deadline
from 3 to 10 day(s)