MQL4: Combine indicators and create Automated Expert Advisor

Requirements Specification for Trading

1.       Custom Indicators used: ChaosArrZZ, ArrXXx2, Movingaverage_mtf, DT-Zigzag and Fibo_v2, Fisher and Cycle Identifier

2.     The idea of the trading system is as follows:  Market entries are initiated when ChaosArrZZ and DT-Zigzag appears simultaneously

3.     Trading Signals:

     ·  Buy signal:  3 Options to buy

·         Appearance of DT-Zigzag and ChaosArrZZ and ArrZZx2 buy Signal above Movingaverage_mtf 200 period (DT-Zigzag + ChaosArrZZ + ArrZZx2 > Movingaverage_mtf 200 period).

·        Appearance of DT-Zigzag and ChaosArrZZ and ArrZZx2 below Movingaverage_mtf 200 period, wait for DT-Zigzag and/or ArrZZx2 Sell Signal and then another DT-Zigzag and/or ArrZZx2 Buy. Movingaverage_mtf is no longer considered.

·        Appearance of  ChaosArrZZ (Short) + DT-Zigzag (Short) + ArrZZx2 above Movingaverage_mtf 200 period) and then + DT-Zigzag (Long) + ArrZZx2 (Long) all above Movingaverage_mtf 200 period

Sell signal:  3 Options to Sell

·         Appearance of DT-Zigzag and ChaosArrZZ and ArrZZx2 Sell  Signal below Movingaverage_mtf 200 period (DT-Zigzag + ChaosArrZZ + ArrZZx2 < Movingaverage_mtf 200 period).

·        Appearance of DT-Zigzag and ChaosArrZZ and ArrZZx2 above Movingaverage_mtf 200 period, wait for DT-Zigzag and/or ArrZZx2 Buy Signal and then another DT-Zigzag and/or ArrZZx2 Sell. Movingaverage_mtf is no longer considered.

·        Appearance of  ChaosArrZZ (Short) + DT-Zigzag (Short) + ArrZZx2 above Movingaverage_mtf 200 period) and then + DT-Zigzag (Long) + ArrZZx2 (Long) all above Movingaverage_mtf 200 period

The below figure shows Buy and Sell cases.

4. Positions are closed at opposite signals: Buy positions are closed at Sell signals (DT-Zigzag and ChaosArrZZ – Short), and Sell positions are closed at Buy signals (DT-Zigzag and ChaosArrZZ – Buy)

5. Positions are opened at the market price, when a new bar emerges or a Buy Stop or Sell Stop is initiated (10 pips away)

6. Additional filters for opening a position: Check 1 Fisher and Cycle Identifier Buy or Sell Signal for additional filter (Optional)

7. Additional filters for closing a position:  Check Cycle Identifier custom indicator signal in opposite direction

8. Close by Take Profit — During position opening, initial take profit is set using Fibo_v2 dynamic support or resistance level.

9. Position management

TrailngStop is used to protect profit. Stop Loss is set if profit in points exceeds the value specified in the InpTrailingStop parameter. If the price continues to move in the profit direction, Stop Loss should be trailed at the given distance. Stop Loss cannot be moved towards the loss direction, i.e. the Stop Loss value cannot be increased. If none of protective orders (Take Profit or Stop Loss) triggers, the position should be closed by an opposite signal. No other position exit methods are available.

Breakeven should also be used as a means of protecting funds

Lot Size:  Should be by fixed volume regardless of profit or loss or % of the size of the balance or equity;

Stoploss should be set using Fibo_v2 support or resistance level.