EA 4SMA TIMED ENTRY EXIT

Expert Based on Time of Day and 4 Moving Averages

The idea of ​​the expert

Create an expert that allows live trading for forex based on the time of day for entry, time of day for exit, ability to set risk% or fixed lot, stop loss, take profit.  Use 4 simple moving averages and allow user to select period length for each.  Inputs would be:

• Days of week to enter trade- allow user to select

• Entry time- allow user to select entry time for trade based on broker time

• Moving Averages

• Use 4 simple moving averages, allow user to select period for each simple moving average

• 1 simple moving average is based on open price (SMAO)

• 1 simple moving average is based on high price (SMAH)

• 1 simple moving average is based on low price (SMAL)

• 1 simple moving average is based on close price (SMAC)

• Only enter trade if (allow option to select one of the scenarios below for entry):

• Compare current candle moving average values at entry time to previous candle moving average values

• Enter long trade if 3 or more of the simple moving averages have larger values than prior candle (i.e. 3 of 4 sloping up, 1 flat or sloping down or 4 of 4 sloping up)

• Enter short trade if 3 or more of the simple moving averages have lower values than prior candle (i.e. 3 of 4 sloping down, 1 flat or sloping up or 4 of 4 sloping down )

• If 2 moving averages are higher, and two lower than don’t place trade

• Stop loss- in case stop is hit before exit time, close position

• Take profit- in case hit before exit time, close position

• Exit time- If stop loss or take profit is not hit, then allow user to select time to close trade based on broker time

• Lots- allow to choose either risk% or fixed lots