Freelance service at MQL5.com: ICHIMOKU TRADING SYSTEM

Job finished

Execution time 4 days

Feedback from employee

I like working with Asad, he is determined, precise and have a lot of interesting strategies in mind. Hope to work with again...

Description

Specification

The Developer should have a basic understanding of the ichimoku system.

1. 5 indication from ICHIMOKU are used (Discussed Below). Indication should also have Enable/Disable feature.

RSI, MACD and ADX are also used. Each will be set at default setting.

All settings will be made customizable and can be set manually. Each Indication should also have Enable/Disable feature.

2. Default time frame will be set at 15 minutes. All time frames needs to be added.

3. Position Management;

Position size should be set according to that

Lot Size = Risk in $ / Sl in point

Sl in point = Sl in pips x 10

For example. The total equity is 5000. User wants to take the risk of 1% which is 50. The Sl is set to 20 pips which is 200 points. So

Lot Size = 50 /200 = 0.25 Lots

It should have an option of manually entering the risk size. For example; 1% risk, 2% risk and so on.

4. Should have tick boxes to select trading sessions. Trading session (Asia, Europe, USA) or multiple should be selected.

5. Should have fields for HOUR to START and HOUR to STOP so the EA can work within the mentioned times if all three sessions are selected.

6. Need alerts when the positions are open/closed, modified etc.

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BUY Trade

When RSi is above 70

and

MACD is Positive. The sell trade will execute if the momentum is rising. i.e. the last bar of the histogram is higher than its previous bar. If the previous bar of the MACD Histogram is bigger and current bar is lower, that means the momentum is decreasing therefore the trade will not open.

and

ADX is above 25

and

Span A which is also called Leading Span A is above Span B which is also called Leading Span B(Green Cloud is formed)

and

Price candlestick is above Span A (Above the green cloud)

and

Kijun Sen and Tenkan San both are above the Span A ( Above the green cloud)

and

Tenkan Sen has crossed above the Kijun Sen. ( Above the green cloud)

and

Chikou Span which is also called Lagging Span is above the the Span A (Above the green cloud) and also above the price of candlesticks as well.

If the price have moved above a certain numbers of pips above the cloud , the trade will not open. An option should be given to enter this parameter manually. For example, the candlestick is too big and it moves 50 pips and the parameter is set to 30 pips, the trade will not execute.

SL will be set below the low of the candle which has crossed and closed above the Span A ( Green Cloud). An option to set manual SL should be given. Move Sl to cost when the trade has moved the same number of pips as SL.

TP and trailing stop will be discussed with the developer later

Sell Trade

When RSi is below 30

and

MACD is negative. The sell trade will execute if the momentum is rising. i.e. the last bar of the histogram is lower than its previous bar. If the previous bar of the MACD Histogram is bigger and current bar is lower (less negative value), that means the momentum is decreasing therefore the trade will not open.

and

ADX is above 25

and

Span A which is also called Leading Span A is below Span B which is also called leading Span B (RED Cloud starts forming).

and

When Price candlestick is below Span A (Below the red Cloud)

and

Kijun Sen and Tenkan San are both below the Span A ( Below the red cloud)

and

Tenkan Sen has crossed below the Kijun Sen line. (Below the red cloud)

and

Chikou Span which is also called Lagging Span is below the the Span A ( Means belows the cloud) and below the price candlestick as well.

If the price have moved below a certain numbers of pips below the cloud, the trade will not open. An option should be given to enter this parameter manually. For example, the candlestick is too big and it moves 50 pips and the parameter is set to 30 pips, the trade will not execute.

SL will be set below the low of the candle which has crossed and closed above the 200MA. An option to set manual SL should be given.Move Sl to cost when the trade has moved the same number of pips as SL.

TP and trailing stop will be discussed with the developer later

The product needs to be delivered with the Source code.

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Project information

Budget

30 - 60 USD

For the developer

27 - 54 USD

Deadline

from 1 to 3 day(s)

Specification quality
Result check quality
Availability and communication skills