MQL4 EA: cost averager/grid trader

Summary

1) Can run on any chart and time frame.

2) Indicator to use
a) Simple Moving Average Period 50 (yellow colour)
b) Simple Moving Average Period 200 (blue colour)
c) Relative Strength Index Period 14, Level 40 and 60.

Trend identify:
SMA 50 above SMA 200 is uptrend.
SMA 50 below SMA 200 is downtrend.

Trade signal:
During uptrend if RSI below 40 on closing candle. Next opening candle is Buy signal.
During downtrend if RSI above 60 on closing candle. Next opening candle is Sell signal.

Note:
a) Only one pair trade at a time. During open trade on progress and other pair is given trade signal, not action taken.
b) If multiple pair trigger trade signal. Only the one with low spread trade.

3) Trades with price action on time and pips levels. The idea behind this EA is that it places subsequent trades as the market continues to move against the last trade. Each new trade will be on a time and pips level.

Variable time level (5min, 15min, 30min and 1hour)
Variable pips level (20 to 500points).

EXP:
If the first order is open on Buy EURUSD 1.18340 at 13:00:00.
Time level is set to 1 hour and pips level is 50 points.
If hourly candle close at 14:00:00 on 1.18285. The price drop 55 points. EA will place a new order on next opening candle price.

4) And with each new trade, it will be entering at a better price since with each new trade it is even more likely that the market will reverse.

Initial Lots
(0.01 to 1.00Lot) This controls the initial lot size for the first trades in the grid. Future lot sizes in the grid will be based off this initial lot size.
Max Lots
(0.50 to 50.00Lot) This sets the maximum allowed lot size of any order. The lot sizes of the grid orders will never increase past this amount. If the last trade is maximum allowed lot size. Than the subsequent trade is also maximum allowed lot size.
Lot Size Plus
(0.00 to 2.00Lot) This is an input that controls the lot add for each trade.

EXP:
1^st trade is 0.01 lot and the second trade are 0.03 lots if Lot Size Plus is 0.02.

5) TP for the entire cycle of trades. It is based on the points.

Group TP
(50points to 500points) This sets the TP for the entire bucket of trades.

EXP:
If the first order is open at 13:30:00 and second order at 14:00:00.
Time level is set to 30min and group TP to 50.
If 30min candle close at 15:30:00 with total profit of 2 trade is 50points or more. EA will close the two opening trade to end the cycle.

6) No SL

7) EA able to run on PC Window 10.

8) Platform: MT5