Mean RSI EA - MQL4

MQL4 Experten

Auftrag beendet

Ausführungszeit 4 Tage
Bewertung des Entwicklers
Wonderful client who deserves a great deal of respect. Goes to great lengths in explaining. Very detailed and helpful. It was a pleasure working alongside of you!
Bewertung des Kunden
Phill is a gem and you want to keep around all the time if you want a successful and error-free job.

Spezifikation

Entry

1H Timeframe - waits for RSI to get extended above 75 or 25  ( settings can be changed ) 14 or 21.

When it gets extended on 1H Timeframe, it waits for break on price structure on 5MIN ( Picture attached )  and only opens postions when price is broke below or above. 

If price doesnt break after  lets say, 5 candles ( 25min ) it does not open postion. 

The EA does not use Stop Loss However if it detects 3 or more postions open Lets say 2 buy and 1 Sell it will try to get out Breakeven or Profit.

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DD Reduction - Please read carefully 


Please be aware - I'm a very humble person and I do not have an exact idea for the Hedge so if you have a Drawdown redution idea more clear and specific/effective I'm all ears and happy yo discuss this with you.

Drawdown reduction such as closing last position and first then new position and second opened position.

To be discussed..

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Settings

The EA has to be able to change Time frame that triggers RSI (1H or 4H) T
The timeframe of 5min stays the same
Ability to change RSI Levels Overbought or Oversold
Ability to choose how many candles it waits until opening postion on 5 min TF.
Ability to change Take profit,Trailling Stop,Magic,Comments

Choose how many positions have to be open to trigger Hedge/DD Reduction. ( To be discussed )

Not Spread sensitive

Dateien:

JPG
1H.JPG
23.4 Kb
JPG
5MIN.JPG
41.2 Kb
JPG
hedge_Q..JPG
71.5 Kb
JPG
DD.JPG
115.1 Kb

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