MT4 EA, opens by supertrend and laguerre, closes by TP/SL points or opposite signal

Hello,

this EA is for MT4. It will use supertrend and laguerre rsi indicators.

Supertrend will be the main buy sell signal generator, the value/level of the laguerre rsi indicator will be used for additional entry or for exit.

There must be a minimum distance between buy orders and also minimum distance between sell orders.

No opening of orders during the early hours of the night or if the spread is too high.

Both indicators are readily available from the net, including non repainting supertrend.

User inputs:

* LL - Lots (0.01 and up )

* MAX BUY - Max number buy orders open at the same time (1-4)

* MAX SELL - Max number sell orders open at the same time (1-4)

* SuTr Period - Suprtrend Period (10-50)

* SuTr Mult - Supertrend multiplier (2.5-5)

* LAG GAM - Laguerre gamma (around 0.7)

* LAG OPEN BUY - Laguerre level/value for opening second, third and fourth buy orders (0-0.3)

* LAG OPEN SELL - Laguerre level/value for opening second, third and fourth sell orders (0.7-1)

* LAG CLOSE BUY - Laguerre level for closing buy orders (around 0.45-0.5)

* LAG CLOSE SELL - Laguerre level for closing sell orders (around 0.4-0.45)

* OPEN ORD START TIME/OPEN ORD STOP TIME  - chart time when EA is allowed to open orders (something like from 02:30 to 23:00. It should be able to close orders at any time.

* MAX SPREAD - Max allowed spread to open order (around 3 pips/30 points)

* MIN DIST ORD - Min distance between the last open buy order and the next buy order to be opened (or between the last sell order and the next sell order to be opened)- something like from 200 points and up to 2000 points or more for dow jones

* SL - Stop loss from 0 to whatever poins. When zero-close all on opposite signal or laguerre crossing below LAG CLOSE BUY level for buy orders, respectively when laguerre crossing above LAG CLOSE SELL level for sell orders. Use laguerre value on bar close.  I mean when set to zero all open buy orders must be closed on sell conditions and sell orders closed on buy conditions or when the laguerre crosses its middle values. When is set to a certain number  all orders close when that number of points is reached or on opposite signal conditions or laguerre crosses its middle values, whichever comes first. Same SL for all buy and all sell orders

* TP - Take profiit from 0 to whatever points. When zero-close all on opposite signal or when laguerre . I mean when set to 0 all open buy orders must be closed when laguerre crosses below LAG CLOSE BUY (see above) OR when supertrend signals SELL. Respectively when TP=0 all open sell orders must close when laguerre crosses above LAG CLOSE SELL (see above) OR when supertrend signals BUY. When is set to a certain number  all orders close when that number of points is reached or on opposite signal conditions, whichever comes first, Same TP for all buy and all sell orders

 

Buy conditions for buy:

A bar/candle forms above the supertrend OR a bar/candle opens and closes above the supertrend and laguerre is below LAG OPEN BUY level

Sell conditions for sell:

A bar/candle forms below the supertrend OR a bar/candle opens and closes below the supertrend and laguerre is above LAG OPEN SELL level

Exit all buy:

1. TP certain points reached OR

(if TP=0)

2. Sell signal conditions OR

3. Laguerre  crossing below LAG CLOSE BUY level; use laguerre value on bar close OR

4. SL certain points is reached OR

(if SL=0)

5. same as 2: Sell signal conditions OR

6. same as 3:  Laguerre  crossing below LAG CLOSE BUY level; use laguerre value on bar close

Exit all sell:

1. TP certain points reached OR

(if TP=0)

2. Buy signal conditions OR

3. Laguerre  crossing above LAG CLOSE SELL level; use laguerre value on bar close OR

4. SL certain points is reached OR

(if SL=0)

5. same as 2: Buy signal conditions OR

6. same as 3:  Laguerre  crossing above LAG CLOSE SELL level; use laguerre value on bar close