A XAU/USD expert advisor based on RSI needed

MQL5 Experts

Trabalho concluído

Tempo de execução 11 dias
Comentário do desenvolvedor
Good Cutomer
Comentário do cliente
...

Termos de Referência

We need an Expert Advisor for MetaTrader 5 that will be simply based on Rsi, chart patterns and price levels (e.g  2366,250)…

Basically when the robot notices a chart pattern, for example “double top/M pattern” it enters a trade based on confirmation from Rsi & price level and the stop loss is moved to the entry price…That is all. The expert advisor is only for Xauusd/Gold…The expert advisor should target 10 pips (TP). More details will be will be offered to the programmer including visual examples.

 

chart patterns: I would like an expert advisor that triggers entries on these chart patterns... Double top/bottom, triple bottom/top and head & shoulders...

RSI: When the RSI touches 60, that indicates a sell. When the RSI touches 40, that indicates a buy. This applies to all timeframes.

Entry Prices: • 1.562 / 1.56 • 3.125 / 3.12 • 6.250 / 6.25 • / - for the difference in broker's price quotes. The numbers above represent the last digits of price levels where Gold changes direction. E.g., 2316.250 / 2316.25…- 1951.562 / 1951.56

You get a solid trading strategy when you combine all these factors (RSI, price entry, & chart patterns).

A signal is triggered when all the factors align at the same time (chart pattern, Entry price & RSI), and the trade should close when target is reached, which is 10 pips, e.g. from 2 351,562 – 2 361,562…ideally, the stop loss should be moved to the entry price to mitigate losses and for the trading robot to have a higher win rate. The original stop loss before the stop loss is moved to the entry price should be 3 pips. e.g. 1956.250 – 1959.250

Timeframes to be used

• 1 hour(H) • 30 minutes(M) • 15 minutes(M) • 5 minutes(M) • 1 minute(M)

1 H, 30 M, 15 M, determine the direction of the financial instrument

5 M, 1 M, determines the entry.


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