Job finished
Specification
Looking for an experience MT4 developer.
SPECIFICATION:
The developed EA will likely use the Triple Exponential Moving Average and Exponential Moving Average (with option of other MAs as well) as a crossover for open and close trades on MT4 on both Indexes e.g. DOW30, Ger30 and Pair Currency e.g. USDJPY. The preferred time frame is M5 but it should work for all timeframe.
CHART SET-UP:
Should work with any timeframe but preferably M5, M15, M30
INDICATORS:
An intra-day trend following trading method, using the following indicators:
1) 10 period TEMA (Triple Exponential Moving Average) – MA & Value to be configurable
2) 25 period EMA (Exponential Moving Average) – MA & Value to be configurable
RULES/ACTION FOR TRADE ENTRY:
ENTRY SIGNAL
BUY
1. The 10 period Triple Exponential Moving Average will cross over the 20 period Exponential Moving Average.
2. The candle at the cross will be a green/bullish candle.
3. The price at the cross will be above the slow EMA with option of after X number of candlestick bars (after the cross). X must be configurable.
SELL
1. The 10 period Triple Exponential Moving Average will cross under the 20 period Exponential Moving Average.
2. The candle at the cross will be a red/bearish candle.
3. The price at the cross will be below the EMA with option of after X number of candlestick bars (below the cross). X must be configurable.
EXIT SIGNAL:
· Once the trade is opened, the exit point is as such –
o A Stop Loss is set at X% e.g. 2% of entry price OR Fixed Amount (% & Amount to be configurable)
o Take profit at a set X% e.g. 5% of entry price OR Fixed Amount (% & Amount to be configurable)
o Trades will automatically be closed, regardless of the Stop Loss or Profit hit, when the TEMA crosses the EMA opposite of the trade direction. E.g. The TEMA crosses below or above the EMA in a long or short position.
o Trade will also be closed when the entry signal for next order happens
INPUTS/CONDITIONS:
·
· Strategy = Crossover
· Trading Direction = Regular, Inverse, Only Long, Only Short
· Fast MA Period = X number
· Fast MA Method = Option of Simple, Exponential, Double, Triple, Weighted
· Fast MA Applied Price = Option of Close Price, Open Price, High Price, Low Price, Median, Typical, Weighted
· Slow MA Period = X number
· Slow MA Method = option of Simple, Exponential, Double, Triple, Weighted
· Slow MA Applied Price = option of Close Price, Open Price, High Price, Low Price, Median, Typical, Weighted
· Both MA Shift option
· Trade Asian, Europe, America = True, False
· Close Trades On Opposite Signals = True, False
· Use Next entry to close the trade (if false take profit)
· Only 1 trade open at a time for either index or per pair
· No repainting
· Option for William % as a criteria for trade entry
· Trade Manual lotsize or Auto-calculation of lotsizes
· Risk Allocation for each trade (by balance) = X e.g. 0.25
· Manual Lotsize for each trade = X e.g 0.25
· Stop Loss = in $ value or % e.g. $100 or 2%
· Take Profit = in $ value or % e.g. $100 or 2%
· Daily Start & Stop Time = 09:00:00 with days e.g. Mon, Tues, wed, thurs, fri – True or False option
· Alert settings – Send email and or Audible – True / False
PLUS: Delivery is Expert Advisor (EA) mql4/.set.
As this is my first time in this, please advice me if I have missed out anything. Totally appreciate it! Thanks.