MQL4: Combine 2 indicators and create Automated Expert Advisor

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Indicator 1 – BMC 100 PIPS

  • When it changes color (red), it must sell.

  • When it changes color (yellow), it must buy

    Additional filters

  • When it changes color (red) and the candle is opposite (green) it must sell

  • When it changes color (yellow) and the candle is opposite (red) it must buy

  • When it changes color (e.g.  to red, it must correspond with indicator 2 color on the next time frame, example – indicator 1 changes color to red on 1 hour time frame then the color of Indicator 2 should be red on 4 hour time frame….15min correspond with 30min..etc )

Indicator 2 – MBFX EA indicator (add below as filter)

  • When  it changes color (corresponding) at the same time with indicator 1, it must activate buy/sell (e.g. indicator 1 color changes to red and at the same time,  MBFX indicator also changes to red)

Money management

  • Take profit should be in pips

  • Trailing stop

  • Break-even

  • Stop loss

  • Lot size

  • Time and date filter


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