Reversion to mean EA

Specification for EA – MT4

Below you will find the details of the  EA which I would like built.

 Name: Mean 0.4

Copyright: Paul LANGHAM Exact Trading

Parameters:

·         RSILaguerre: Thesholds: Upper and Lower

·         RSILaguerre: Take profit threshold LONG example 50

·         RSILaguerre: Take profit threshold SHORT example 30

·         Start time and an end time. Example: Start = 08: 30 End = 17:00 (Times taken from broker sever)

·         Risk: Risk will be fixed dollar amount: Example: $100 or % of account size : Example : 1%

·         Trailing Stop: Yes/no

Rules LONG

·         Only look to open trades between the Star/stop time windows.

·         Laguerre RSI must be under or lower than the LONG threshold: Example Threshold 0.10 so RSI must be under this level

·         When Laguerre RSI finally breaks above threshold(noted in the previous step) GO LONG at entry of next bar

·         Take profit at the Threshold profit figure defined in the parameters above: Example 50

·         Only look to open trades between the Star/Stop time window

Rules Short

·         Only look to open trades between the Star/stop time windows.

·         Laguerre RSI must be above the SHORT threshold: Example Threshold 0.95 so RSI must be above this level

·         When Laguerre RSI finally breaks below threshold(noted in the previous step) GO Short at entry of next bar

·         Take profit at the Threshold profit figure defined in the parameters above: Example 30

Risk/Position Sizing:

o   Position size based on lot size so default 1 Lot