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As always, job well done. Dalya is my go-to person for programming my EAs
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Its Always a pleasure to work with segway509
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Hello, I'd like to develop an Expert Advisor for mean reversion. Here are the specs below
FLOWCHART ATTACHED
1. The idea of the trading system is as follows: market entries are established when 1) the Upper Shadow or Lower Shadow is outside of the Upper or Lower Bollinger Band (20,2) and 2) the Upper or Lower Shadow is a certain length in pips.
2. Buy signal - all are necessary on most recent prior candle
- Low < Lower Bollinger, and
- Close minus Low > or = 6, and
- Close minus Open > or = 6, and
- No open positions
Buy @ Market Price with OCO Stop Loss = 11, Take Profit = 8
3. Short signal - all are necessary on most recent prior candle
- High > Upper Bollinger, and
- High minus Close > or = 6, and
- High minus Open > or = 6, and
- No open positions
Short @ Market Price with OCO Stop Loss =11, Take Profit = 8
Necessary:
- System begins at 8pm Easter Standard Time on Sunday
- System runs check of prices / Bollinger every time a new candle is formed
- System closes out ALL positions on Friday at 3:59PM Eastern Standard Time
Necessary:
- I want the ability to adjust ALL inputs
- Bollinger, value of High minus Close
- value of High minus Open
- value of Close minus Low
- value of Close minus Open
- Take Profit Long, Take Profit Short
- Stop Loss Long
- Stop Loss Short
- System Begin time (i.e. 8pm Sunday)
- System End Time (i.e. 3:59pm Friday)
- How much to buy (i.e. 10 Micro Lots - denominate in Micro Lots)
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