All orders
Rules
Job finished
Specification
Good day,
I need an expert that I will attach to a chart that operates as below.
Set up:
Determine the direction of the current chart.
Up direction: 1 week signal line above MACD AND 2 day signal line above MACD.
Down direction: 1 week signal line below MACD AND 2 day signal line below MACD.
Entry:
Open trade only in NYSE trading hours. Wait for a pullback in current direction. A 4 hour MACD crossover will signal entry point.
Eg. Direction up. Signal line is above MACD in both 1 week and 2 day MACD. 4 hour signal line cross below MACD and when signal line cross above MACD enter trade.
Variations on entry rule:
For large pullbacks in which 2 day signal crosses over, entry is on the crossover of the 2 day signal line.
Eg. Direction up. Signal line is above MACD in both 1 week and 2 day MACD. Big pull back with 2 day signal line crossing below MACD and when signal line cross above MACD enter trade.
Risk:
Stop loss
3rd support on Fibonacci pivot points. I recently saw an article "Automatic construction of support and resistance lines". If there is a way to determine a support price from the chart I would prefer this way.
Take profit
2x the difference “entry price” – “stop loss price”. Take profit expires after 2 days.
Exit:
Exit trade anytime on 4 hour crossover.
Accounting:
Each trade margin = 2% of account balance or closest possible to it.
I will use the strategy tester on the expert and will require the code.
Thank you
[deleted]
The Customer should provide the Requirements Specification for all potential Developers to avoid any additional interaction outside of the Freelance service before concluding an agreement.
Please do not violate the Rules of using the Freelance service. Exchanging the contact data before concluding a Work Agreement is not allowed - https://www.mql5.com/en/job/rules#warning:
Fulfilling Orders outside of the Freelance service
- You can use the Freelance service only for its intended purpose - carrying out all necessary works and making payments for published Orders. Searching for customers and developers in the Freelance service in order to perform a work outside of the service is forbidden.
- Customers and Applicants cannot exchange contact data in any form before concluding a Work Agreement. Violators are banned from participating in the Freelance.
- Carrying out works and payments for Freelance Orders outside of the service is forbidden. Violators lose access to all MQL5.com website services.
- The Administration has the right to ban violators from participating in the Freelance service without any explanation after an internal investigation.