Mr. Capital Expert Advisor

This EA is based on a signal provided when two parameters are met with a combination of indicators. It is a strategy I’ve run successfully manually trading but I believe without the human element would further improve it.

So far I’ve only used this in conjunction with XAUUSD and GBPJPY, I would however like to run this on any major pair as well as any GBP Pair.

The signal is based off having 2 indicator  windows. 

1) RSI, period 14, apply to close. Levels 25/75. In the same window having Bollinger bands laid over the RSI with a period of 34, shift 0 and deviations 2 applied to the first indicators data 

2) in a separate indicator window stochastic set up as k%14, d%3, slowing 3, price field low/high, method simple. Levels 20/80. 

 The signal is created only once a candle closes and the price on either 1hr or 30m time frame has crossed over and closed into overbought or oversold on the stochastic AND the RSI has clearly broken the Relevant Bollinger band (upper for over bought and vice versa) on the same time frame. 

 If this lines up with the 4hr trend direction (Dictated by the 50 and 100 ema being both above or below the price) a longer position is taken with a longer profit target based on the last significant level. If it is counter tend, the trade is taken aiming to scalp 10 pips. Or on gold $1.00-$2.00 The system is never in more than two trades at any given time.  

I have a list of things I’d like to be part of the EA and some things I’m able to customise:

1. The ability to change the % Risk based on account balance.
2. The ability to adjust the amount of pips or $ the EA aims to scalp
3. Automatic SL set to 1:1 RR for counter trend scalps (10 pips/$2 but adjustable)
4. For entries with the trend I’m open to suggestions on how best to set a stop through an EA
5. The ability to run this on 15m 30m 1hr and 4hr.
6. The ability to set how many trades it can take at one time.
7. The ability to easily backtest the strategy on different pairs

If you have any other suggestions, I’m open to ideas. This is my first exploration into having an EA built and I know there’s differences to manual trading