Simple EA development by using RSI and MACD

MQL4 Experts

Specification


Looking for the simple EA develpment by using both RSI and MACD indicators.

Red-coloured value is variable to be set by the user.

Default value for RSI is (14) and for MACD is (12, 26, 1)


Development background : 

The purpose of this EA is to open BUY at the very lowest point of MACD with RSI value application as pre-condition. Vice versa, this EA will also open SELL position at the very highest point of MACD with RSI value application as pre-condition. At the same time, if the opened position is losing certain pips, the hedge position will appear (set by the user) to protect the losing position.


BUY open & close condition:


BUY opening pre-requisite : when RSI (14) value has gone down to below 30 at least once (no matter if it bounces above 30 in the next opening candle) 

BUY opening condition : The lowest bottom point of MACD (before it starts heading up)

                                    > For this BUY opening condition, BUY opening pre-requisite must be fulfilled in advance.


BUY closing pre-requisite : when the below 1) or 2) condition is satisfied.

                                          1) when RSI (14) value touches above 50 at least once (no matter if it falls below 50 in the next opening candle) 

                                          2) when MACD has crossed the pivot line and stayed in upper (plus) area.

BUY closing condition : The highest upper point of MACD (before it starts heading down)

                                     > For this BUY closing condition, BUY closing pre-requisite must be fulfilled in advance.


Hedge SELL opening condition (to be optional by user) : When the above BUY position is losing more than 50 pips, Hedge SELL is to be opened.

Hedge SELL closing condition : when the below 1) or 2) condition is satisfied.

                                          1) when RSI (14) value touches above 50 at least once (no matter if it falls below 50 in the next opening candle) 

                                          2) when MACD has crossed the pivot line and stayed in upper (plus) area.


-------------

SELL open & close condition:


SELL opening pre-requisite : when RSI (14) value reaches above 70 at least once (no matter if it falls below 70 in the next opening candle) 

SELL opening condition : The highest upper point of MACD (before it starts heading down)

                                      > For this SELL opening condition, SELL opening pre-requisite must be fulfilled in advance.


SELL closing pre-requisite : when the below 1) or 2) condition is satisfied.

                                          1) when RSI (14) value falls down below 50 at least once (no matter if it bounces above 50 in the next opening candle) 

                                          2) when MACD has crossed the pivot line and stayed in bottom (minus) area.

SELL closing condition : The lowest bottom point of MACD (before it starts heading up)

                                      > For this SELL closing condition, SELL closing pre-requisite must be fulfilled in advance.


Hedge BUY opening condition (to be optional by user) : When the above SELL position is losing more than 50 pips, Hedge BUY is to be opened.

Hedge BUY closing condition : when the below 1) or 2) condition is satisfied.

                                          1) when RSI (14) value falls down below 50 at least once (no matter if it bounces above 50 in the next opening candle) 

                                          2) when MACD has crossed the pivot line and stayed in bottom (minus) area.


Any questions, you're most welcomed!

Responded

1
Developer 1
Rating
(130)
Projects
184
32%
Arbitration
16
31% / 63%
Overdue
27
15%
Free
2
Developer 2
Rating
(298)
Projects
427
26%
Arbitration
18
61% / 33%
Overdue
26
6%
Free
3
Developer 3
Rating
(169)
Projects
204
30%
Arbitration
25
40% / 44%
Overdue
12
6%
Free
4
Developer 4
Rating
(597)
Projects
930
46%
Arbitration
31
39% / 29%
Overdue
93
10%
Free
5
Developer 5
Rating
(1)
Projects
1
0%
Arbitration
0
Overdue
0
Free
6
Developer 6
Rating
(130)
Projects
210
40%
Arbitration
90
20% / 43%
Overdue
85
40%
Free
7
Developer 7
Rating
(96)
Projects
143
76%
Arbitration
0
Overdue
2
1%
Free
8
Developer 8
Rating
(173)
Projects
201
49%
Arbitration
18
11% / 44%
Overdue
1
0%
Free
9
Developer 9
Rating
(22)
Projects
28
29%
Arbitration
3
0% / 67%
Overdue
7
25%
Free
10
Developer 10
Rating
(258)
Projects
395
28%
Arbitration
69
19% / 49%
Overdue
120
30%
Free
Similar orders
Trading robots are programs, which operate according to underlying algorithms. An algorithm is a set of actions that need to be performed in response to certain events. For example, the most common task in algo trading is the identification of the "New bar" event. When the event occurs, the robot checks the emergence of trading signals and acts accordingly. Before you decide to program or order a trading robot, you
Hello, I am looking for developer who develops me a renko trading robo with following requirement Time :1 sec Box assignment method : Percentage change LTP Source : Close/OHLC Auto Break-even setup option after certain box Trialling Profit Pips after certain box profit with auto Sl set in PIPs Auto open reverse trade after hitting Sl with given conditions . It is very simple trading tool
At bot 30+ USD
Help me to trade create orders for me and analyze the markets and decide when is a good time to buy or sell. Determine which pairs are best to use to trade with and indicate trading signals to me
I currently have a Forex trading script in .txt format that I want to be converted to a functional/working robot (in .mq4), without altering the strategy of the script. The strategy of the script is already in and shouldn't be changed unless with mutual understanding
Hi, Can you develop the Scalper EA based on Market indicator. EA should open the buy trade at the buy arrow and at every DOT. Close the buy trade with few Pips TP (profit after commission) and SL at opposite Sell arrow. EA should open the SELL trade at the sell arrow and at every DOT. Close the sell trade with few Pips TP (profit after commission) and SL at opposite Buy arrow. Provide the source code at the end
Hey greetings, It my pleasure to met you . I need a MT4 develop that can develop an EA based on alert . If you are a professional MT4 programmer you can kindly bid for this project and let proceed
Hello, I want an ( EXPERT ADVISER that can run automated) that will use CCI as the main entry and ATR as the exit. When the CCI is greater than the custom value of 0, you buy and when the CCI is less than the custom value -0, you sell. ATR Exit - profit of 1.0 and exit as .05 (Please, let it be modifiable) The time frame can be 15 or 5 minutes (variable) EMA 20 DAYS OR 480 (can be disabled) Spread should not be more
Hi, I would like to create an EA similar to this link: https://www.mql5.com/en/market/product/33508?source=External#description Drawdown 5% Scalping! Ability to avoid big price drop that can hurt capital! stable! bid and ask price different is 0.5
Qwuick Fix 85+ USD
I need a couple options added to an existing EA. I’m in need of an input option to modify pending orders, ensures live positions are correlated with pending orders, and provide an oversight that EA is running smoothly. I also need a calendar feature added to an existing input option for scheduling trades. This project is a side project to do on your own time with a 3-day window due date on Sunday – Monday by next
I am looking for an experienced expert to develop an Expert Advisor based on my idea. We can discuss the details in private messages. Please apply only if you are available now, as I need this project completed within one day

Project information

Budget
30+ USD
VAT (19%): 5.7 USD
Total: 35.7 USD
For the developer
27 USD
Deadline
from 1 to 3 day(s)