Hi All,
I want to create an Expert Advisor that will be based on predicting the market direction using 4 prices. At beginning of the installation, 3 prices will be set up on the EA, then the EA will identify the Highest and lowest of the 3 prices to set up the average price. This will now make the EA to have 4 prices to use to start the movement. The Average price will continue to change based on the UPDATED HIGHEST and LOWEST price after breaking the current or Starting HIGHEST and LOWEST prices.
EA will identify new peaks ie HIGHEST and LOWEST prices after installation until EA is refreshed or reinstalled. So the EA will identify the market trend as UPWARDS or DOWNWARDS.
DIRECTION will be UPWARDS if daily prices (HIGHEST & LOWEST) go above any of the 2 prices (out of the 4 prices set up above), and DOWNWARDS if daily prices (HIGHEST & LOWEST) go below any of the 2 prices (out of the 4 prices set up above).
Based on the DIRECTION, the EA will now identify the action to take for profit ie, BUY lower and SELL higher UPWARDS if the DECISION is a BUY, or SELL higher and BUY lower DOWNWARDS if the decision is a SELL.
There will be a CONTROL for the EA to stop taking trades if a certain time (TIMER) has elapsed after reaching the peak of the current direction EXTREME. The input TIMER will be in hours ie 1, 2, 24 (1day) etc.
If however price reverses to the lower of the 2 direction prices (FOR A BUY), and return back UPWARDS again, then EA will restart a new set of BUY bids UPWARDS again. Same condition will apply for a SELL if price goes UPWARDS above the higher of the 2 LOWER PRICES and reverts DOWNWARDS
Losses should have a % lock in to the Account balance. So if setting is at 1%, then daily losses must not exceed 1% of the account balance on all trades in the account.
All settings must be in real time prices and not pips. So a 0.002 means difference between 1.08 and 1.0082. a variable price of 25 means difference between 2400 and 2375. etc.
EA will also be set to restart once any variable is changed manually.
EA should be able to capture the highest and lowest prices after installation on the screen.
Only serious and immediately available programmers should bid for this project.
I will need up to 12 to 20 weeks to evaluate the EA and any revisions during that period will still be on the programmer as long as it is in scope of the project description.
Programmer will also submit the code after completion.
VARIABLES SETTING
PRICE 1, 2 AND 3
TIMER FOR NEW BIDS
AVERAGE PRICE (AUTOMATIC UPDATES FROM HIGHEST AND LOWEST)
HIGHEST AND LOWEST POSITION UPDATE
MINIMUM DISTANCE FOR BIDS
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