'm looking for a trading robot to operate on mt4 to execute buys and sells mainly for GBP/USD but could be used for any forex.
This is automating a system that i have been manually working from for a while.
There is one system for a Bullish Trend and one for a Bearish Trend
The system is as follows.
BULL TRADE
So,
IF, H1 EMA 8 > EMA 21 FOR MORE THAN 5 HOURS (#5 CANDLES)
AND, 5M EMA 8 > EMA 13 > EMA 21 FOR 25 MINS (#5 CANDLES)
AND, PRICE ABOVE EMA 8 (#H1 TIMEFRAME)
AND, PRICE ABOVE EMA 8 (#5M TIMEFRAME)
SET BULL STATUS TO 1
IF, PRICE BELOW EMA 21 (5M TIMEFRAME)
RESET BULL STATUS TO 0
IF, BULL STATUS =1
AND, CROSSES (DOWN) EMA 8 (#5M TIMEFRAME) (#THIS IS CALLED THE TRIGGER CANDLE)
SET ORDER TO BUY @ 3 PIPS ABOVE HIGHEST PRICE OF LAST 25MINS (#5 CANDLES)
SET STOP LOSS @ 5 PIPS LOWER THAN THE LOWEST PRICE OF THE CANDLE AT WHICH THE PRICE CROSSED THE EMA 8 (#TRIGGER CANDLE)
SET TAKE PROFIT 1 OF 50% AT 15 PIPS
SET TAKE PROFIT 2 OF 50% AT 30 PIPS
IF, BULL STATUS = 0
CANCEL BULL TRADE
BEAR TRADE
So,
IF, H1 EMA 8 < EMA 21 FOR MORE THAN 5 HOURS (#5 CANDLES)
AND, 5M EMA 8 < EMA 13 < EMA 21 FOR 25 MINS (#5 CANDLES)
AND, PRICE BELOW EMA 8 (#H1 TIMEFRAME)
AND, PRICE BELOW EMA 8 (#5M TIMEFRAME)
SET BEAR STATUS TO 1
IF, PRICE ABOVE EMA 21 (5M TIMEFRAME)
RESET BEAR STATUS TO 0
IF, BEAR STATUS =1
AND, CROSSES (ABOVE) EMA 8 (#5M TIMEFRAME) (#THIS IS CALLED THE TRIGGER CANDLE)
SET ORDER TO BUY @ 3 PIPS BELOW LOWEST PRICE OF LAST 25MINS (#5 CANDLES)
SET STOP LOSS @ 5 PIPS HIGHER THAN THE HIGHEST PRICE OF THE CANDLE AT WHICH THE PRICE CROSSED THE EMA 8 (#TRIGGER CANDLE)
SET TAKE PROFIT 1 OF 50% AT 15 PIPS
SET TAKE PROFIT 2 OF 50% AT 30 PIPS
IF, BEAR STATUS = 0
CANCEL BEAR TRADE
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yoo i want to make a trading bot i have my strategy in videos and also the rules to if anyone can work it out for me i will be glad welcome your bid and it urget let connect here on mgl5 And if you know you can not do the project without getting paid first please don't bid thanks
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