Writing an EA with a trending strategy

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This developer is very sincere and faithful. You can trust him he will do his best to do his job. I hope I will work with him for the future.

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The following is an overview on a trading strategy for trending market which is already opened publicly. I had some change done(like multi-currency pairs trading). The prepared detailed description with an illustration on defining trading rules, input and other parameters will be provided for the selected applicant. I look forward to the application from the responsible talents.


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This strategy is based on the well-known technique of buying a dip in an uptrend and selling a rally in a downtrend.  We'll use a price-channel breakout and an exponential moving average to determine the trend and a return to the mid-point of a recent bar to define the countertrend dips and rallies.  An unusual feature of this strategy is that it takes profits at a fixed target instead of trailing a stop in an attempt to catch a major trend.



The rules for the long and short sides of the strategy are analogous (the short side is the mirror image of the long side) so we'll just explain the long side here.  The first condition for a buy setup is a breakout to a new 10-bar high with the breakout bar's close above the high two bars ago.  The second condition is a rising moving average - an average greater than it was on the previous bar.  When both conditions are true, our buy setup is complete, and we begin monitoring for the buy trigger.  Call the bar that made the new 10-bar high Bar #1 and call the bar two bars before it Bar #2.  The trigger is a decline to the midpoint of Bar #2.  The buy setup remains in effect for a specified number of bars. 



Once we're in a long position, we'll place a limit order to sell (take profits) at the high of Bar #1 plus a multiple of the difference between Bar #1's high and our entry price.  For example, say we're long XYZ at $80 per share, and the high of Bar #1 is $90.  The difference between our entry price and the Bar #1 high is $10.  If the multiplier we're using is 4, our profit target would be $120 ($10 x 4 =$40 + $80 = $120).

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