Simple trading strategy - automated

MQL5 Experts

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I have a simple trading strategy that I'd like someone to create an automated EA for.

Here's how it works:

1. Determine if the pair is strong: using Currency Strength Meter data (I'll pay for an API feed if needed), is the base currency 'strong' on the higher timeframe than the current chart, and is the quote currency weak on the CSM? If so, we want Long positions only. If the Base is weak and Quote is strong, we want Short positions only. If the pair is not divergent (one being strong, the other being weak) then we don't place trades. Make this requirement a setting (true/false)

2. Determine if the pair is trending or in consolidation  (use EMAs/MACD and look for higher-high and higher low, or lower-high and lower-low swings vs retested support/resistance levels [same highs/lows]). 

3. Determine if the pair is trending or in consolidation on the higher time frame (15m for 1m, 15m for 5m, 1h for 15m, 4h for 1h, 1d for 4h, 1w for 1d)

4. If CSM check determines we can trade, and the pair is trending on both current and higher timeframes in the direction the CSM suggests (Long + uptrend/Short + downtrend), then (when going long) if the price closes and opens above the last swing high, we place a buy limit order at the level of the last swing high (the level that is recently broke) - or (when going short) we place a sell limit order at the level of the last swing low that it broke. If the pair is consolidating, we wait for breakout and then set buy/sell limit order at the level of breakout (so it enters only on retest)

we set stop loss to 2 ATR (make this multiplier a setting) + spread below (long)/above (short) the entry point

we set take profit to 1.5x (make this multiplier a setting) the distance from stop loss to entry point (RR ratio 1:1.5)

we set position size to 1% of account balance (make this a setting)

Répondu

1
Développeur 1
Évaluation
(39)
Projets
55
13%
Arbitrage
5
20% / 20%
En retard
6
11%
Gratuit
2
Développeur 2
Évaluation
(3)
Projets
1
100%
Arbitrage
1
0% / 0%
En retard
0
Gratuit
3
Développeur 3
Évaluation
(45)
Projets
59
14%
Arbitrage
31
26% / 52%
En retard
34
58%
Gratuit
4
Développeur 4
Évaluation
(50)
Projets
54
43%
Arbitrage
3
0% / 100%
En retard
3
6%
Gratuit
5
Développeur 5
Évaluation
(361)
Projets
644
26%
Arbitrage
92
72% / 14%
En retard
12
2%
Travail
Publié : 1 code
6
Développeur 6
Évaluation
(12)
Projets
14
29%
Arbitrage
2
0% / 0%
En retard
0
Gratuit
7
Développeur 7
Évaluation
(45)
Projets
91
13%
Arbitrage
34
26% / 59%
En retard
37
41%
Gratuit
8
Développeur 8
Évaluation
(511)
Projets
549
53%
Arbitrage
13
69% / 15%
En retard
3
1%
Gratuit
9
Développeur 9
Évaluation
Projets
0
0%
Arbitrage
0
En retard
0
Gratuit
10
Développeur 10
Évaluation
(574)
Projets
945
47%
Arbitrage
309
58% / 27%
En retard
125
13%
Gratuit
11
Développeur 11
Évaluation
(4)
Projets
4
0%
Arbitrage
1
0% / 100%
En retard
1
25%
Gratuit
12
Développeur 12
Évaluation
(7)
Projets
8
0%
Arbitrage
3
33% / 67%
En retard
0
Gratuit
13
Développeur 13
Évaluation
(69)
Projets
146
34%
Arbitrage
13
8% / 62%
En retard
26
18%
Gratuit
Publié : 6 codes
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Informations sur le projet

Budget
100 - 1000 USD