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Hello,
I have an expert advisor for MT5 which is based on the Vortex and CCI indicator for the FOREX market.
The EA was coded by a friend and the basic functionality is working, although it has few bugs and one function is missing.
The functionality is based on signals from two indicators within a specified threshold.
Short description:
- if Vortex indicator gives the first trigger -> Signal 1
- and if CCI gives another trigger -> Signal 2
- if both signals are triggered within a given time frame, a trade is opened
- the direction of the trade (long or short) and the close condition are both also determined by specific CCI conditions
Details for the indicators, the conditions and other settings will be shared per mail.
Current state:
That is the idea. The EA is currently opening and closing trades as specified. Which is visible by icons in the indicator window. Although with big delays (Bug #1) and it's rarely opening and closing trades without any obvious reason (bug #2). The reusing of signals is not working (Bug #3) -> using an indicator signal for a potential new trade while a trade is currently running.
Also a "standard" stop loss is implemented, but I would like to have a stop loss which is using the Average True Range indicator + a multiplier (INPUT).
e.g.: the ATR is 164 points when trade is opened. This value multiplied with a predefined INPUT value (“1”, “2”, “3”) should be the stop loss -> selected multiplier in INPUT = 2 -> 164 * 2 = 328 (STOP LOSS = 328)
To-Do's:
Bug 1: Remove delay when opening or closing trades
Bug 2: Fix random trade openings
Bug 3: Reusing of signals is not working
ADD-ON: ATR + flexible multiplier for stop loss
All settings for the indicators, additional info, a detailed explanation (incl. screenshots), comments from the last programmer and the source code can/will be provided by mail.
P.S. If you think that coding a completely new EA is more efficient, that's not a problem!