Expert Advisor based on ADX indicator needed (DI+, DI-, ADX)

MQL4 Experts

Job finished

Execution time 2 days
Feedback from employee
Good customer, description is very clear so I can perform the job fast and well. Thanks for your job.

Specification

Dear Programmers

I need a programmer who had prior experience with the ADX indicator to develop me an EA to auto trade all Forex types.

This is a simple formula, based on either DI+ or DI- declining from above 20 to below 20, with ADX increasing.

Please see below for detailed instructions and attached 2 charts as examples.

I would need someone who is willing to later change the EA as well at minimal cost, as I may later add MACD indicator etc.

Thank you


Programming instructions: EA based on ADX indicator

Background:

In below charts:

-        ADX is the red line

-        DI+ is the blue line

-        DI- is yellow line.

DI+ above DI- indicates price in uptrend increasing (and vice versa). ADX is trend strength therefore if ADX increases, with DI+ above DI-, this indicates price moving upwords. Vice versa if DI+ below DI-.

General parameters which can be inserted into EA:

1.      Timeframe, i.e. 1Hour, 4Hourly or Daily

2.      Take profit amount of pips

3.      Stop loss amount of pips

4.      Level for DI+ or DI- to trigger (see below). Default = 20.

Trade rules to be programmed:

A)     Buy order opened at market when DI- declines below 20, with ADX increasing. Order closed when ADX starts declining again (1 and 2 in chart below)



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Project information

Budget
20 - 40 USD
Deadline
from 1 to 2 day(s)