Expert advisor based on bollinger bands needed

MQL4 Uzmanlar

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Tamamlanma süresi: 13 gün
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Şartname

Good day

The expert advisor that i want help with is solely based on the bollinger bands, the instrument under study is the Standard and Poor 500 which wil be referred to as SP500 .



Sell order when the SP500 reaches the upper bollinger band 

Buy order when of the SP500 reach the lower bollinger band

 When the price of the SP500  reaches the Middle bollinger band on its way up from the lower band(sell order);When the instrument reaches the Middle Bollinger band on its way down from the upper bollinger band (buy order)

.When an order is triggered ;when a 1% profit on starting capital the position must be closed automatically, for example if the initial capital is $10,000 then when trade executed has a net profit of $100(excluding commision) , the trade must be closed
.    The bollinger band under study should be in a 4 hours chart candlestick 
 .   When a buy order is triggered on the 4h chart when it reaches the moving average, a stop order must be placed under the lower bollinger band of the 1h chart. 
 .   When a sell order is triggered on the 4h chart when it reaches the moving average, a stop order must be placed over the higher bollinger band of the 1h chart  .
 .   When an order is triggered wether from the upper(sell) or lower(buy) bollinger band; a stop must be placed at a level of 0.7% related to market price , for example if a sell order was executed at a market price of 2950 then the stop shall be placed at 2950+(2950x0.7%)=2970.65 a vice versa if it is a buy order .

If S&P: an account with a capital of $10,000 can trade 1 contract 

. After a trade is triggered and closed , no more trades for the day 
. Trading starts at 10 am in the morning 
. 1% should be net profit , If buy order 1% from the bid price; if sell order 1% from the ask price 


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