I need a forex robot that works on rsi and price action

MQL4 Uzman Danışmanlar

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Tamamlanma süresi: 13 gün
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great job good delivery

İş Gereklilikleri

this robot would use the rsi for buy and sell signals together with price action


for sell signal  

when the rsi gets to a minimum of 65points the robot opens a sell position at the close of a bullish candle

note this points would have an option for preference so we can decide to adjust to the point we want it to start the execution but 65points would be the default


if (the next candle is bearish the robot doesn’t open a position )

else if{the next candle is bullish and closes 4pips or 4.57pip the bot shouldn’t  open a trade the bot should only open a trade when the next bullish candle closes at a minimum of 5pips above the previous bullish candle}.

if (the trade closes on profit and the   rsi is above 65point still the bot should open another sell trade at the close of a bullish candle)

else {shouldn’t  open a trade if the rsi is below 65}



for buy signals 

when the rsi gets to a minimum of 25points the bot should place a buy position on the close of a bearish candle note if the next candle is bullish  the bot wouldn’t  execute any order 
if the next candle is bearish and closes below 5pips from the previous bearish candle the bot shouldn’t  open a position the bot would only open a position when the next bearish candle is   more than 5pip away from the  closing  of the previous  bearish candle

if (all the  trade are closed and the rsi is still within 25points the bot should open a trade (buy position) at the close of a bearish candle )

else { 


the bot should not open a trade if the rsi is above 25points 

}


lot sizes 

this robot uses martingale  for the lot size starting from 0.01 now the martingale would be in an increment of +1 on default 

 example first trade 0.01 for the second trade would be 0.02 + the previous lot size (0.01)= 0.03 this would be the lot size for the second position 

for the third position would be previous lot + martingale (0.03 +0.03 ) = 0.06

for the forth position would be previous lot + martingale (0.06 + 0.04) = 0.10

etc 


parameteres:

max trade :  if this is set to 5 then after five open positions the bot wouldn’t  open any trade anymore until the trade is closed 

martingale level :  if this is set to 2 then the martingale would increment by 2 for example 0.01 increment 0.02,0.04,0.08,0.10 

        remember the formula for the next lot previous lot size + martingale 


tp(take profit ) : the tp would be on default on 45% of the total move of the position opened for example the bot has opened 4 trades and the last trade had a lot size of  0.10  and has moved 100pips the tp would be @ 45pips from the last position 

note this tp would have a preference option to choose default would be 45%  we can choose or input digits from 35 to 100%

sl (stop loss):       this would be set base on equity or balance and would close the trade when it get to the preference chosen

bal 20% this would be the sl  on default when chosen same for equity  


trailing stop : if this is set to true then if  a position is opened then it goes to profit but not @ the tp a  trailing stop loss should be executed to hold the profit so if there  a reversal it secures the profit and closes it on small profit 

this preference would be chosen from the number of positions i.e if the trailing stop is set to 10  when the 10th position is opened and the trades are running  in profit but not yet at the tp  a trailing stop would be executed to secure profit 

close all trades:  this would enable one to close all trades either in profit or in loss


spread filter :  this would would set the max spread to open trades and if spread is higher than the max been set the bot wouldn't open any trade


day/time filter: this would enable trading days and no trading days when set to true for example friday set to false trade wouldn't be placed on Friday's and if there is a  running trade getting into Friday  the bot wouldn't open any new trade



i want this robot should have a key for only per account 
to be able to set rental period and gets deactivated when its due 


contributions are welcome

the file i attached would be on the dashboard when the ea is loaded on the chart




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