Simple Expert Advisor based on two indicators

Reversal EA for MT4

Indicators used:

Exhaustion1_nothit_MaxHistory

TMA+CG mladen alerts mtf nrp

Order Management

Only take pending orders

Buy Stop

Sell Stop

#Rule 1

Place Buy stop trade after candle close. There has to be a signal from indicator Exhaustion1_nothit_MaxHistory. Place Buy Stop x pips (to be determined in EA) above high of signal candle

Vice versa for Sell Stop

#Rule 2

Pending order is valid for x candles (to be determined in EA). After closing of candle no. x, pending order is deleted

#Rule 3

Signal candle has to be completely (body and wicks) out of inner band / middle band / outer band of indicator TMA+CG mladen alerts mtf nrp (to be determined in EA)

Trade Management

SL x Pips (to be determined in EA) above/below signal candle

TP factor x (to be determined in EA) of SL

Close on opposite signal of indicator Exhaustion1_nothit_MaxHistory (y/n)

Close on touch of opposite inner band / middle band / outer band of indicator TMA+CG mladen alerts mtf nrp (to be determined in EA) (y/n)

Miscellaneous

EA must have trading times

EA must have max spread

EA must work for FX pairs and indices