New EA based on moving average and triple parabolic SAR

MQL4 Experts

Trabalho concluído

Tempo de execução 33 dias

Termos de Referência

This is a job for a new Expert Advisor:

Place buy order when:

1 - PA is above EMA(200)  on 15m (t/f), 1hr (t/f) and 4hr (t/f)
2 - Buy signal is alerted by nonlag_ma_nrp (length=50) indicator (parameters definable)
3 - Buy signal is confirmed by triple parabolic SAR indicator being green (t/f)  (parameters definable)
4 - Trading Times are open (time parameters definable)

Place sell order when:
1 - PA is below 200 EMA on 15m (t/f), 1hr (t/f) and 4hr (t/f)
2 - Sell signal is alerted by nonlag_ma_nrp indicator (parameters definable)
3 - Sell signal is confirmed by triple parabolic SAR indicator being red (t/f)  (parameters definable)
4 - Trading Times are open (time parameters definable)

Volatility filter (t/f)

There must be a volatility filter to discard trades when the signal candle is x% larger than the preceding Y candles. For example – do not trade based on a signal candle that is 200% (X) larger than the average of preceding 15 (Y) candles. There must be two options for this filter - MaxVolatility and MinVolatility. Maximum will not allow trades above X% over Y candles. Minimum will only trade above X% over Y candles. Both options must be available on the same trade. 

Magic Number 

Tradng Times - There must be the ability to define 4 separate trading times. For example:

  • Trade Period 1 = 09:15 – 10:55
  • Trade Period 2 = 11:05 – 13:15
  • Trade Period 3 = 14:15 – 15:50
  • Trade Period 4 = 16:10 – 17:30 
Alerts and emails notifications 

Order Management:

Trade size defined by X % account compared to risk (based on SL value)

1 - SL can be set by X pips beyond Swing high/low or ATR bands (ATR settings configurable)
set SL to last swing low
2 - TP1 is a risk:reward parameter (e.g. 1:1.5)
3 - Once TP1 is achieved, breakeven moves to X pips above trade entry point
2 - Parameter required for TP1 to close X%
5 - trailing stop started when TP1 achieved (t/f) using ATR exit
2 - Close remaining order when nonlag_ma_nrp (length=50) indicator reverses signal (t/f) or  candle closes across the 30MA  (t/f)

Note: t/f = true/false for turning on/off the parameter


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