CREATE TRADING BOT FOR EXISTING EA ON METATRADER 4 PRIMARILY BASED ON MOVING AVERAGES CROSS OVER

PHASE 2 – CREATE TRADING BOT FOR METATRADER 4 AND 5

PROJECT – At present, I have an existing Expert Advisor (“EA”) that generates a false breakout candle("signal candle") based on pre-defined rules. I would like to transform the existing EA to a trading bot in order to automatically enter and exit trades

1.      ENTRY CRITERIA

BUY CONDITIONS

A.   Bullish signal candle AND cross of 5 EMA  above 13 EMA  ;or 

B.   Bullish signal candle AND current price crosses or closes (to be determined) above the close of bullish signal candle

SELL CONDITIONS

C.      Bearish signal candle AND cross of 5 EMA  below 13 EMA; or

D.      Bearish signal candle AND current price crosses or closes(to be determined)  below the open of bearish signal candle

2.      EXIT CRITERIA

Positions are closed at opposite signals (Buy Positions are closed at SELL CONDITION C ; and Sell Positions are closed at BUY CONDITION A)

            BUY CONDITIONS EXIT CRITERIA

·         Cross of 5 EMA  below 13 EMA after NEXT bearish signal candle(s);

      SELL CONDITIONS EXIT CRITERIA

·         Cross of 5 EMA  above 13 EMA after NEXT bullish signal candle(s);

SEE ATTACHMENT FOR FURTHER DETAILS AND IMAGES