The indicator is based off a points system, compiling the data points of other indicators to create a yes (green light) or no (red light). I currently have the following 6 indicators (listed below) and in order to make a trade, this points indicator should indicate whether or not 3 or more of these indicators are positive. If 3 or more are represented, it is a green light. If less then 3 are shown, it is a red light.
Below is the indicator data:
Each trade is made off of the main indicator; the PipFinite Trend PRO Indicator. (If you need this information: period setting is 3, all other settings are default)
Main Indicator: PipFinite Trend Pro ( PFTP) - Buy/sell trades are conducted on their respective indications ONLY IF 3 or more out of 6 possible points of the below indicators are represented.
1. SMA - (Period=50, applied to CLOSE price)
(If PFTP BUY signal appears ABOVE SMA50 then +1 point/ if BUY signal is BELOW SMA50 0 point OR If PFTP SELL indicator appears BELOW SMA50 then +1 point/ if SELL signal is ABOVE SMA50 0 point).
2. Order Block Breaker Indicator (downloaded from MLQ5 website) (aggressive mode turned on)
(+1 point if a relevant Breaker (UP breaker for PFTP BUY signal OR DOWN breaker for PFTP SELL signal) appears in the past 10 candles, 0 points if no Breaker)
3. Order Block Breaker Indicator (downloaded from MLQ5 website) (aggressive mode turned on) DAILY HIGH/DAILY LOW
(If PFTP SELL signal appears ABOVE daily high +1 points OR If PFTP BUY signal appears BELOW daily high +1 points
4. Pin Bar Indicator (downloaded from MLQ5 website)
(If DOWN Pin Bar appears within past 4 candlesticks of PFTP SELL signal +1 points/if NO pin bar within past 4 candlesticks 0 points OR If UP Pin Bar appears within past 4 candlesticks of PFTP BUY signal +1 points/if NO pin bar within past 4candlesticks 0 points)
5. Traditional MACD MT4 indicator (downloaded from MLQ5 website) (fastEMA-12,SowEMA-26,SignalEMA-9, CLOSED PRICE) -
(If MACD is BELOW 0 level during PFTP SELL signal +1 points/if MACD is above 0 level during PFTP SELL signal 0 points OR If MACD is ABOVE 0 level during PFTP BUY signal +1 points/if MACD is above 0 level during PFTP SELL signal 0 points
6. Traditional MACD MT4 indicator (downloaded from MLQ5 website) - DIVERGENCE (fastEMA-12,SowEMA-26,SignalEMA-9, CLOSED PRICE)
(If DOWN divergence appears within past 4 candlesticks of PFTP SELL signal +1 points/if NO divergence within past 4candlesticks 0 points OR If UP divergence appears within past 4 candlesticks of PFTP BUY signal +1 points/if NO divergence within past 4candlesticks 0 points)
This is somewhat complicated to explain but in code it should be fairly simple. If the coder wants to put their own spin on it or needs to work around some things that wont work on here that is okay, as long as the finished product gets the job done. Attached (capture.PNG) is a picture showing each indicator.
Benzer siparişler
I have a fully developed and ready Expert Advisor for MT5. I am NOT looking for coding work. I am looking for an experienced MQL5 Market seller who can publish and manage my EA on the MQL5 Market on my behalf. The deal is revenue share — we split the income from sales or rentals. The EA is complete and ready to publish. If you have an established seller account on MQL5 Market with good reputation and experience
Mam kody EA Bot. Chciałbym je dokończyć, dopracować i ukończyć projekty. Chciałbym otrzymać pliki SET po ukończeniu EA. Jeśli jesteś zainteresowany, skontaktuj się ze mną. Szukam doświadczonego programisty do stworzenia dedykowanego doradcy eksperckiego (EA) do tradingu. Programista powinien posiadać solidną wiedzę z zakresu MT5, logiki strategii, wskaźników, zarządzania ryzykiem i backtestingu. Doświadczenie w
It must have automated stop loss. Something that can end poverty and kill the market early.It must take the trades for me whenever I start it it must work on tradeport ea
Bring in your expertise for specific symbol Prepare expert for Live chart Creating .set for specific symbol Live Chart Optimization , symbol specific Everything is coded already therefore needs Implementations
The scanner will scan all currency base on MACD Diverdgent, my strength indicator and my better volume indicator. All this would be across all time frame and all currency pairs
I need any highly profitable MT5 robot which trades any sythetic indices on deriv very profitably. It should have good risk management and any good strategy The EA should have good risk management and can trade small accounts like 50 - 100USD Developers who have already made robots have higher chance
I need a fully automated trading robot designed to generate consistent profits while strictly controlling risk and minimizing losses. The robot should use a combination of strategies, including trend-following, scalping, and price action, and must be able to adapt to different market conditions such as trending and ranging markets. It should analyze the market using indicators like Moving Averages, RSI, MACD, and
am looking for an experienced MQL5 developer to build a high-frequency trading Expert Advisor (EA) for XAUUSD (Gold) on M1 and M5 timeframes . The EA must include advanced execution logic, dynamic pending orders, risk management, and news/session filters. Clean, efficient, and well-documented code is required. Strategy type: Scalping (fast trades, quick profit). Very fast execution logic (optimized for speed). Goal
1. IF price forms: - Higher highs + higher lows → TREND = BUY - Lower highs + lower lows → TREND = SELL ELSE → NO TRADE 2. IF: - Trend = BUY - Price retraces to support zone - Bullish engulfing candle forms - TDI green crosses above red (optional) THEN: - Execute BUY 3. IF: - Trend = SELL - Price retraces to resistance - Bearish engulfing forms - TDI confirms THEN: - Execute SELL 4. Risk per trade = 1% of account Lot