Shifting MA's

Shifting MA's

MQL4
Any currency pair

Any time frame

 Slippage function

Spread function

LONG:  (Must have its own input fields as the variables/criteria will be different to SHORT):
MA Period - input field
MA Shift - input field

MA Method - input field
MA Apply to - input field

Max Deals for Consecutive Time Frames - input field (example 5 or 15)

Only one Buy open within the same Time Frame  
Lot size - input field
Take Profit - input field

Trailing stop - input field (function on each order separately)
Trailing stop - On/Off selection
PM = Previous Move and must always be a positive value.

-       If previous candle was up, the “Move” will be Close less Open

-       Example Close = 1300 & Open = 1290 so “Move” = 10 (positive)

-       If previous candle was down, the “Move” will be Close less Open * -1

-        Example Close = 1300 & Open = 1315 so “Move” = (-15 * -1) (positive)

Methodology - BUY:
A) Open Buy’s in the following order:

1.    Previous candle close is below previous MA, and

Current High moves higher than current MA + PM, then

Open at level current MA + Previous Move

Example:

-       Previous Close is 1900

-       Previous MA is 2000

-       Previous Move (PM) is 20

-       Current MA is 2010

-       Current High is 2040

-       Open Buy at 2030 (2010 + 20)

2.    Buy if No 1 above did not trigger

Previous candle close is below previous MA, and

Current High moves lower than current MA + PM, and

Current candle closes above current MA, then

Open at close of current candle

Example:

-       Previous Close is 1900

-       Previous MA is 2000

-       Previous Move (PM) is 20

-       Current MA is 2010

-       Current High is 2025

-       Current Close is at 2022

-       Open Buy at 2022

3.    Buy if No 1 or No 2 above has already triggered, and

Current candle closes above or equal to Current MA

Repeat for every candle until “Max Consecutive Deals” is reached

B) Close when one of the following is triggered whichever first:

1.  Take Profit, OR
2.  Stop Loss (has two criteria - see next step)

Two criteria for Stop Loss

- Current Low < (Previous Close less Previous Move), AND

- Current Low < Current MA, OR

SHORT  (Must have its own input fields as the variable/criteria will be different to LONG):
MA Period - input field
MA Shift - input field

MA Method - input field
MA Apply to - input field

Max Deals for Consecutive Time Frames - input field (example 5 or 15)
Only one Sell open within the same Time Frame  
Lot size - input field
Take Profit - input field

Trailing stop - input field (function on each order separately)

Trailing stop - On/Off selection

Methodology:
Same as for LONG but just to the opposite