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Create an EA based on the PIPFINITE - TREND PRO indicator
I want to create an EA for the PIPFINITE TREND PRO indicator. Below I will place the author's blog text explaining the use of this indicator.
https://www.mql5.com/en/blogs/post/713938
However I would like to insert some parameters also for better use of EA.
BUY / SELL SETUP:
STEP 1: "SUCESS RATE FILTER" Input signal should be set the rate of user choice for entry into trades.
STEP 2: Possibility to determine what will be StopLoss
>> Option 1: Opposite Signal
>> Option 2: Support & Resistance levels
>> Option 3: Support & Resistance levels - TRAILING (trailing from Support / Resistance)
STEP 3: Possibility to determine the strategy of TakeProfit
>> Option 1: 100% takeprofit on TP1
>> Option 2: 50% partial takeprofit on TP1 & close remaining 50% on TP2. (EA will open two equal orders)
>> Option 3: 100% takeprofit on opposite signal or riding the trend until it reverses.
>> Option 4: 50% partial takeprofit on TP1 & close remaining 50% riding the trend until it reverses. (EA will open two equal orders)
>> Option 5: 100% takeprofit riding the trend until it reverses.
STEP 4: Possibility of varying the trade order value.
>> Option 1: Fixed value (parameter of user choice)
>> Option 2: Percentage value of the total of the account (so the increase will be gradual, proportional, and automatic.)
STEP 5: News:
>> Option 1: Do not filter news
>> Option 2: Filter news. Possibility to select the period of time, before and after the news, that EA will be prevented from opening new trades / orders. Possible to filter which types of news will be filtered - degree of importance of the news (ForexFactory / Investing Calendar, MyFxBook) - Example: 30 minutes in news of great importance - EA will be disabled 30 minutes before and 30 minutes after high impact news (three bulls on investing.com)
STEP 6: Relationship with Multitimeframe
The trade will only open be related to the trend line of the top timeframe. Example: Only SELL order will be opened in M15 if M30 is also with TRENDLINE for SELL. In this case Order BUY will be disregarded.
>> Option 1: Do not correlate Multitimeframe
>> Option 2: Correlate multitimeframe with the period (M5, M15, M30, H1, H4, D1, W1)
STEP 7: Relationship with MacD
The trade will only open if the MacD is below (for PUT order) or above (for CALL Order) of 0 (zero) - Possibility to configure MACD parameters.
>> Option 1: Do not correlate MACD
>> Option 2: Correlate CALL order of CALL - only when it is above ZERO
>> Option 3: Correlate PUT order - only when below ZERO
>> Option 4: Correlate BOTH: Correlate CALL order of CALL - when it is above ZERO // Correlate PUT order - only when below ZERO
IMPORTANT ---> Possibility to be tested on MT4
OBS: I intend to make other AEs based on the strategies of the PIPFINITE indicators (I intend to create three indicators - one for each Indicator). Therefore, experience with the PIPFINITE indicators will be a differential.