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EA based in moving average range.

MQL4 Esperti Trading robot/indicator debugging

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Specifiche

​
Basically there will be 2 moving averages, they don’t cross each other. Never.
Consider them as a range of price and not just 2 lines.
Above it, open long trade

Below it, open short trade



 SL:
  • Long: automatically set below my lower price range
  • Short: automatically set above my upper price range
**SL from a short trade starts a long trade. If trade goes well, my price range will move with price but  SL will not move unless trailing stop is on.

**I will send print screen to describe exactly what my concept is. It should be easy to understand.


TP

  • I will test 2 types of TP,
    • Risk reward ratio (i will set myself, please leave an option for this)
    • no TP, only trailing stop. 

**it need to have a checkbox or something like that to set risk reward or just trailing stop.


Other specs

  • One trade at a time. Once it has open open trade, no more trades for this pair.
  • Size: I want to have 2 options. 
    • 1) consider my account balance to trade, for example, SL will be 0,3% of my account balance. As bigger balance is, bigger lotsize will be.
    • 2) I will set lot size myself.

  • I want EA to draw lines in chart.




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