Creation of EA from existing indicators

MQL5 Göstergeler Uzmanlar

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I would like to automate a very simple trade plan to an EA using an existing Fibonacci based indicator.


The indicator I have at the moment maps the price action into Fibonacci waves, where an initially move in the market is expected to retrace and extend in a predictable fashion. The most common retrace-extension patterns are 61.8% retracement to a 161.8% extension, a 73% retracement to a 127% extension and a 82% retracement to a 118% extension.

I am looking to take advantage of something I have observed in the market, that after the 127% extension has been tested in the market, the price sometimes drops to test the 73% retracement before quickly retesting the 127% extension.

 

Essentially the EA must uses the indicator to identify the following criteria:

·        Establish AB boundary

·        Price exceeds 124% extension but price does not exceed 145% extension

·        Enter 7 pips before 73% retracement

·        Stop 10 pips behind A

·        Target 7 pips before 127%


In order to fully test and tweak the EA, I would like to be any to control the following variables (either by changing the code or having variable inputs in the EA):

·        The minimum AB boundary size (in pips)

·        The maximum AB boundary size (in pips)

·        EMA (only take long trades if you are above x EMA, only take short trades if you are below y EMA)

·        Number of pips before the SL/Entry/Target

·        The extension levels


I would like two EAs to be produced, one for long trades and one for short. As tweaking the EA is important to me, I need the editable MQL4 files, rather than the EX4 file. This EA would primarily be for testing purposes, with a view to going live with the EA. Therefore, I need this to 100% work with the MQL4 strategy tester.


Please message me for the indicator and if you have questions.


Kind regards,

Alex


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