Tipu MACD and Schocastic Expert Advisor Specifications(2022)

MQL4 Uzmanlar

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İş Gereklilikleri

I am looking for an Expert Advisor that will use a combination of 3 indicators to confirm or open buy/sell orders (2XTipu MACD indicators together with 1XSchocastic indicator).

  • Here is the link to download the TIPU MACD indicator source code. I have also attached the TIPU MACD source code and the Schocastic indicator source code: 

https://www.mql5.com/en/code/18270

N.B The TIPU MACD has four distinctive colours on its histogram(Dark red, Light red, Dark green, Light green)

·       I have attached a template which is the one I use on all my charts (on the 5m timeframe as default) with the three indicators and all the required settings of all three indicators for the EA.

 

For the EA to open a Buy order

  1.            The Schocastic red indicator must FIRST reach the 20 level or below then move onto Step 2. If the Schocastic red indicator is still above the 20 level do not move to Step 2. Note if the indicator has touched the 20 level then moved above the 20 level but still below the 50 level, still move to Step2. Key is to first touch level 20 but always be below level 50.
  2.       The Tipu MACD blue indicator must reach the zero line or below then move onto Step 3. If the Tipu MACD blue indicator is still above the zero line do not move to Step 3. Note also that the Tipu MACD blue line can continuously check for entries here on Step 2 up until the stochastic red line in step 1 falls above the 50 level. So once the Schocastic red line in Step1 falls above the 50 level we stop checking for step 2 condition and we then move back to Step 1.
  3.       THE ENTRY. The Tipu MACD histogram must be in a dark red state first, the EA should then open a Buy order on the bar after the first light red histogram appears.

 

 

Example of Buy entry is on attached picture

 

 

For the EA to open a Sell order

  1.      The Schocastic red indicator must FIRST reach the 80 level or above then move onto Step 2. If the Schocastic red indicator is still below the 80 level do not move to Step 2. Note if the indicator has touched the 80 level then moved below the 80 level but still above the 50 level, still move to Step2. Key is to first touch level 80 but always be above level 50.
  2.      The Tipu MACD blue indicator must reach the zero line or above then move onto Step 3. If the Tipu MACD blue indicator is still below the zero line do not move to Step 3. Note also that the Tipu MACD blue line can continuously check for entries here on Step 2 up until the stochastic red line in step 1 falls below the 50 level. So once the Schocastic red line in Step1 falls below the 50 level we stop checking for step 2 condition and we then move back to Step 1.
  3.        THE ENTRY. The Tipu MACD histogram must be in a dark green state first, the EA should then open a Sell order on the bar after the first light green histogram appears.


 

Example of Sell entry is on attached picture

 

 

THE FOLLOWING SCHOCASTIC PARAMETERS SHOULD BE USER DEFINED

K Period = user defined

D Period = user defined

Slowing = user defined

 

THE FOLLOWING TIPU MACD PARAMETERS SHOULD BE USER DEFINED FOR BOTH TIPU MACD INDICATORS

Fast EMA Period = user defined

Slow EMA Period = user defined

Signal SMA Period = user defined

 

THE FOLLOWING ADDITIONAL INPUT PARAMETERS SHOULD BE USER DEFINED

Stop Loss = user defined

Take profit = user defined

Break even option = user defined

Manual Lot site for each trade = user defined

Magic number for trades

Number of trades per single entry(example entre with 3 trades on one entry at once)

Option to select trade direction(only buy or only sell)

Optional time frame to use for the EA to trade and to confirm entries on(default 5m)

Trading times(trade start time and also trade end time/time filter)


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