EA new momo retracement

MQL5 Experts

Spécifications

INSTRUCTIONS: EA "NEW MOMO RETRACE"

=====================

Platform MT5

Markets: forex, futures, stocks (please take into account different decimalizations)

EA shall also have the ability to be backtested in Strategy tester.

EA shall work on each market independetly (meaning multiple trades can be opened on different markets without one affecting the other)

Wherever I wrote "input" in brackets below, I need that number to be modifyable in settings menu.

Indicators used:
-Average true range 14
-Exponential moving average 20 on Close (input)
-MACD 3/10-16 *I have custom for MT4, will send it to you
-Upper and Lower Keltner channel 20/2.5 (input) *I have custom for MT4, will send it to you

ENTRY OF TRADES is only allowed in Session times so I need (input)
Session start: hh:mm (08:00)
Session end: hh:mm (17:30)
Exit can happen whenever, by the rules below, it is not time limited.


RULES FOR LONG
Initial condition: 
1. Price makes highest high in the last 30 bars
2. Price trades higher (not the same but higher) than the upper Keltner channel
3. Fast MACD line makes highest high in the last 30 bars

All these 3 conditions must be met ALL AT ONCE - at the same bar. We call this BUY SIGNAL.

Entering:

1. After Buy SIgnal, Price makes a pullback to EMA 20 (EMA value taken from one bar back that is already closed so we know exact price) where a buy limit order is executed.

Buy order is 5 lots big.

We don't know when the price will pullback so pending entry order will have to be adjusted every bar by a moving EMA obviously. 

Also, after EMA is touched the Initial conditions described above must happen again all together for new potential trade.

Trade management:

1. After a trade is entered initial sell STOP LOSS order is entered 2.5 ATR (input) away from entry price (ATR value taken from one bar back that is already closed so we know the exact value) in case trade gets stopped out.

2. This is how we will exit a long position if it moves in our favor:

a) Exit 2 lots (input) with profit at 0.8 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately reduce STOP LOSS size by 50% (input).

b) Exit another 2 lots (input) with profit at 1.6 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately MOVE STOP LOSS TO ENTRY PRICE AND also activate TRAILING STOP as described in next "c" point below, whichever is higher.

c) Use TRAILING stop for the remainding of position if it gets activated as described in point "b" above to protect profits. Trailing stop will be Lowest low of last 2 (input) bars. Trail until long trade is closed out this way.


RULES FOR SHORT
Initial condition: 
1. Price makes lowest low in the last 30 bars
2. Price trades lower (not the same but lower) than the lower Keltner channel
3. Fast MACD line makes lowest low in the last 30 bars

All these 3 conditions must be met ALL AT ONCE - at the same bar. We call this SELL SIGNAL.

Entering:

1. After SIgnal, Price makes a pullback to EMA 20 (EMA value taken from one bar back that is already closed so we know exact price) where a sell limit order is executed.

Sell order is 5 lots big.

We don't know when the price will pullback so pending entry order will have to be adjusted every bar by a moving EMA obviously. 

Also, after EMA is touched the Initial conditions described above must happen again all together for new potential trade.

Trade management:

1. After a trade is entered initial buy STOP LOSS order is entered 2.5 ATR (input) away from entry price (ATR value taken from one bar back that is already closed so we know the exact value) in case trade gets stopped out.

2. This is how we will exit a short position if it moves in our favor:

a) Exit 2 lots (input) with profit at 0.8 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately reduce STOP LOSS size by 50% (input).

b) Exit another 2 lots (input) with profit at 1.6 ATR (input) away from entry price (ATR value taken at the moment of entry) and after that immediately MOVE STOP LOSS TO ENTRY PRICE AND also activate TRAILING STOP as described in next "c" point below, whichever is lower.

c) Use TRAILING stop for the remainding of position if it gets activated as described in point "b" above to protect profits. Trailing stop will be Highest high of last 2 (input) bars. Trail until short trade is closed out this way.

That is all.



Répondu

1
Développeur 1
Évaluation
(258)
Projets
395
28%
Arbitrage
69
19% / 49%
En retard
120
30%
Gratuit
2
Développeur 2
Évaluation
(33)
Projets
35
40%
Arbitrage
11
9% / 91%
En retard
4
11%
Gratuit
3
Développeur 3
Évaluation
(586)
Projets
1045
49%
Arbitrage
39
28% / 41%
En retard
49
5%
Travail
4
Développeur 4
Évaluation
(365)
Projets
412
36%
Arbitrage
35
26% / 57%
En retard
63
15%
Gratuit
5
Développeur 5
Évaluation
(1)
Projets
1
0%
Arbitrage
1
0% / 100%
En retard
0
Gratuit
Commandes similaires
Hello, I am a trader and I have a certain strategy I want to code to an automated EA , so I am seeking for an experienced developer to code a custom trading strategy into an Expert Advisor (EA) for MetaTrader 4 (MT4). The strategy is based on a meticulously backtested algorithm and requires precise execution in live market conditions. If you have the skills and experience to undertake this project, please reach out
Hey I need a proficient programmer to code a well automated expert advisor MT4 EA as per my strategy, you must be skilled and ready to turn my trading ideas into an algorithm that works exactly, kindly reach out to have a look at my trading strategy and let me know if you can turn it to an automated expert advisor in metatrader 4, thanks in advance
I am looking for superb amazing fast MT4 EA coding service from a reliable skilled programmer, If you are the type that used to attend to messages after it client has been waiting so long or paying attention in the beginning then disappear for a while, not ready to provide timely updates and pay attention to details, don't apply as not to waste both our time, I begged you with the power that keep you alive, this is
I have an EA that is based on an indicator and I need to fix and upgrade the EA a bit, The EA is based on a technical indicator of the mql5 store and the original indicator has been updated, therefore the EA is stuck
Hello, please let me know if any of these strategies can be turned into a bot (automation) and run 24/7 on a vps. Also note that they might not use the latest versions of indicators, if this matters, then please check for the latest versions. Thank you! Dan https://1drv.ms/f/s!Alr17W7ddJLYgYgiFKZYluOfokbfQg
Hello! Thanks for reading. I need an EA with an inbuilt/already made strategy that I can use for prop firms. The drawdown should be very low of only 2-4% max and another criteria is that no one else other than you are currently using it and if you happen to use it you must tell me which prop firm you are using it on to avoid us using the same EA on the same prop firm to get the account denied. As you know or may
I need a proven GOLD scalping ea with very low drawdown, SL&TP. The EA should not be martingale and grid strategy. Preferably low time frame scalping . If you have a personal scalping EA please message me for discussion. Preferably with investors account read me only to see the trade results or a demo backtest ea
Tomato EA 35+ USD
I want any development life robot to use with my mobile phone and and robot should be able to start to trade even 5 dollars and should provide signal all should be do via mobile device
Specific time EA 50 - 100 USD
EA must be able to enter Buy or Sell or Both trade(s) as a market order at a pre-determined time specified as HH:mm:ss using one of two options: regardless of what the price of the instrument is at that time or using the price as at the last closed minute as the reference eg, if specified time is 09:29:20 (HH:mm:ss), then the last reference price should be 09:29:00 If this option (1.b. / reference price) is selected
looking for a developer who can Design MT5 EA as per my Strategy based on Nadaraya [LuxAlgo] + RSI Multi Length [LuxAlgo] pine script indicator to MT5 (Mql5) Main Inputs 01) Indicator: Nadaraya [LuxAlgo] + RSI Multi Length [LuxAlgo] 02) CYCLE SETTINGS 03) LOT SIZE SETTINGS 04) TP, SL, TS SETTINGS 05) EQUITY PROTECTOR SETTINGS 06) CUSTOM TRADING SESSION TIMES 07) HIGH IMPACT NEWS FILTER Stratagy is : After identify

Informations sur le projet

Budget
30 - 70 USD
TVA (22%): 6.6 - 15.4 USD
Total: 36.6 - 85.4 USD
Pour le développeur
27 - 63 USD
Délais
de 1 à 3 jour(s)