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MQL4 Experts

Specification

This ea is will primarily be used for trading germany 30(dax 30) index on the ig markets uk mt4 platform and etx mt4 platform and also for regular forex trading. When its trading the dax 30  everything such as stop loss, take profit will be measured in points. If its doing standard forex trading then everything will be measured in pips. Hence there will be an option with a variable measurement= Points or pips.

If you see the picture, on the candle sticks i have 3 bollinger band lines. Once the candle stick crosses/touches the upper line/middle,lower line of the Bollinger band the ea will then start(WONT PLACE A TRADE) to see if a buy/sell is possible(for a buy all indicators need to pointing upwards, for a sell all indicators need to be pointing downwards). On the picture you will also see many indicators with circles, highlighted on them. Once ALL the indicators have a downward direction, ONLY THEN WOULD A SELL(SHORT) trade be made. There will be an option whether to wait till bar closure or to immediately place the trade(bar closure would mean all indicators pointing in a certain direction for the whole duration of the candle stick), immediately would mean(as soon as all indicators point in a certain direction, a trade would be placed immediately). Take profit will be from tp1 to tp10. If for eg
Hence if  indicators pointing upwards=buy
indicators pointing downwards=sell

dax 30 price= 13500

tp1=10 points (13510)

tp2=20 points (13520)

tp3=30 points (13530)

tp4=60 points (13560)

The ea will not close the trade if the trade goes from tp1 to tp2 and so on. If however after tp2 the trade is unable to go to tp3 and goes back to tp2 ONLY THEN WOULD A TRADE BE CLOSED.

Just for clarification one point would mean this, dax 30 price 13500, then a one point increase would mean 13501.

If the candle stick crosses/touches the lower line of the bollinger band, then the ea will start getting ready that a buy/sell order is about to happen( AGAIN IT WONT place any ORDER). It will wait for all the indicators to point in a certain direction . ONCE ALL THE INDICATORS POINT a certain  DIRECTION, only then it will place a trade. 
The above needs to demonstrated by the ea in the strategy testing mode. Also once a trade is made, i want the ea to point on the candle exactly where it placed a trade with a horizontal line. Also on the same chart on which i attach the ea, on the bottom of the chart i also want all the indicators to be there just to check if its working the way i want it to work. That is all the indicators if point in an upward direction or a downward direction for placement of a trade.
So to summarize, the initial starting point would be the candle crossing/touching the upper, middle or lower line of the Bollinger Band. Only after this would the ea will then focus on the indicators. 
Points to remember: If the candle touches or crosses the line, and not all indicators are pointing in the same direction. The ea will then keep looking at the indicators. It will then do a reset if the candle crosses another line. Eg candle crosses the middle line, all indicators are not pointing in the same direction, the ea will keep seeing all the indicators as to whether they all point in a certain direction or not.  If they dont and the candle touches or crosses the upper line, the ea will do a fresh restart and disregard the findings of the previously crossed line( you think this is the right way to do it or shall we drop this feature?). If we drop this feature, the ea will keep on seeing the indicators once it crosses either upper, middle or lower line and see when do all the indicators point in a certain direction(either all up or down).



vol size= 1 pound per point, 5 pound per point, x pounds per point(if we choose points), (if we choose pips there should be the option for lot size here)
candle behaviour=cross or touch(so if we put a cross here, the candle needs to cross the line(for the ea to start looking at the indicators), if we put a touch here, the candle needs to only touch the line(for the ea to then start looking at the indicators)

stop loss= points or pips 

place trade= immediately or at bar closure(bar closure would mean, at the closure of that bar candle, in other words on the opening of the new bar)

take profit 1 till take profit 10= in points or pips

tp1, tp2,tp3....tp10

bb(bollinger band)(period, standard deviation)=

bb%b(bollinger %b)(period, standard deviation)=

cci(commodity channel index)(period)=

dpo(detrended price oscillator)(period)=

kdj(kdj indicator)(only the %k line is used hence only the %k period)=
Since i cant find KDJ we can use stochastic indicator, also for stochastic you will give the option for moving average type 

mfi(money flow index)(mfi period)=

rsi(relative strength index)(rsi period)=

for the above indicators there will be true/false along with the various options for indicators, eg like for rsi 70, 40. If we mark it as a true that indicator direction will be taken into consideration, if we mark it as false then that indicator direction wont be taken into consideration.
Also is it possible, that once this ea places a trade, i can have screen shot of it, screen shot can be saved in a desired folder that i can look at later. Of course once it places a trade it should be marked exactly where it placed the trade with an X sign.
Also to avoid interest payment, the ea will automatically and forcefully(doesnt matter if its having profit or loss close off trade position for the dax 30 at a certain time. The variable for this would be close of trade=true or false. If true then xx:xx  would in a 24 hr format uk time. Same goes for the forex positions.
so close trade= true 
this would close any existing trades and there will be an option of not making any trade between times, so xx:xx till xx:xx. I can put any numbers here. Hence 21:55 till 22:05. So it will close any trade present at 21:55, it will resume normal function from 22:05
I hope all this is clear now. Thank you

If any other questions do let me know
P.S: Remember how i said above that ones a candle crosses/touches the upper/middle/lower line, the ea will start looking at all the indicators.
mode 1= when i select which indicators i want to be used. That is true or false. 
Mode 2= when Bb%b, CCI and DPO all point in one direction. The ea will look at the remaining indicators that is stochastic, mfi and rsi. Even IF ONE of these indicators(rsi, mfi and stochastic) also point in the same direction as BB%b, CCI and DPO. Then the trade will be placed.
Friday 10 pm the dax 30 closes
sunday 11 pm it opens. It is open from sunday 11 pm till friday 10 pm.
In order to avoid night(interest charges) which happen at 10 pm, we will close all our positions at 9:55 pm uk time. Any new positions will then open after 10 pm ie like 10:01 pm. However, after friday 9:55 pm no new positions will open(all trades will be closed at 9:55pm). Trading will then begin at 11pm sunday and go on like the above. So if we open a position at 11:15 pm on sunday we will close it forcefully on 9:55 pm monday. New position can then open at 10:01 pm monday. I hope this is clear by now.  YOU WILL GIVE ME AN OPTION, to close all trades at this time=xx:xx uk based time
Mode 2 explained further
Mode=2 will be BB%B, CCi, DPO all point in one direction together AND either stochastic or MFi or RSI point in that same direction as BB%b,, CCi and DPO . So what this means is that if BB%B, CCI, DPO, all three point in an upward direction and RSI also points in an upward direction, then a trade will be placed. Regardless whether MFI or stochastic dont point upwards. Is that clear, if not please ask. Thank you
Also is there any way you can suggest to modify the take profit variable in order to maximize its profit taking potential.
we can have this alternative way for take profit
tp1=3
tp2=10
tp3=17
tp4=20
we will only have till tp4 and after that trailing would be activated. 
once it reaches tp20 then we can intiate trailing. Which will work like this 
trail%=xx% would be a variable we can change.
trail 50%= hence tp was 20 points so, if the trade goes against 10 points(50% of 20) the trade will close
trail 25%= tp was 20 points, hence 5 points, so if the trade goes against us by 5 points the trade is closed
So if the trade keeps going in our favour, like for eg 25 points or 32 points or xx points, if the trail % is 50% then it will 50% of 32 points which is 16 points. Hence trade goes against us by 16 points, the trade will close.
however the max trailing points will never be greater, this will be variable which we can configure and which will over ride the above. So
max trail points=40
regardless of the take profit and the % above, if the trade goes against us by 40 points the trade will close. I hope this is clear now.
Entry point modifications:
or we can do this
Also additionally to the above, we can add another feature called time period(true or false). If this is set to true then automatically the above variable called place trade( whether its immediately or at bar closure would NOT BE TAKEN INTO CONSIDERATION) . Time period would basically function as follows:
time period= 25%, 50%, 75%( this would mean that if all indicators point in a certain direction for 25% of that candle time(this depends on what time frame do we attach the ea too) then a trade will be placed immediately. So for eg if we choose the option of 50% on a 1hr chart, this would mean if all indicators point in a certain direction for 30 mins then a trade will be placed immediately. We can have multiples of 5% to choose for a time period. 
or we can do this
if the candle before it is was a positive change(green), and the current candle(the one immdiately after the previous one) is also showing that the indicators are pointing in an upward direction, then a buy will be placed

if the candle before it is was a negative change(red), and the current candle(the one immdiately after the previous one)  is also showing that the indicators are pointing in an downward direction, then a sell will be placed

Please if there are questions please ask, if we do a skype session we can easily solve all issues instead of messaging back and forth.

Like i said above. We would need to screen share via teamviewer and do a skype audio call just to clarify things.


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