EA Based on EMA from two different time frames

MQL5 Experts

Job finished

Execution time 9 days
Feedback from customer
Good communication and provided software within specification and on-time also great value.
Feedback from employee
Good client, very easy to work with.

Specification

'm looking for a trading robot to operate on mt4 to execute buys and sells mainly for GBP/USD but could be used for any forex.

This is automating a system that i have been manually working from for a while.

There is one system for a Bullish Trend and one for a Bearish Trend

 

The system is as follows.

 

BULL TRADE

So, 

IF,                    H1 EMA 8 > EMA 21 FOR MORE THAN 5 HOURS (#5 CANDLES)

AND,                5M EMA 8 > EMA 13 > EMA 21 FOR 25 MINS (#5 CANDLES)

AND,    PRICE ABOVE EMA 8 (#H1 TIMEFRAME)

AND,    PRICE ABOVE EMA 8 (#5M TIMEFRAME)

SET BULL STATUS TO 1

IF,                    PRICE BELOW EMA 21 (5M TIMEFRAME)

RESET BULL STATUS TO 0

 

IF,                    BULL STATUS =1

AND,                CROSSES (DOWN) EMA 8  (#5M TIMEFRAME) (#THIS IS CALLED THE TRIGGER CANDLE)

SET ORDER TO BUY @ 3 PIPS ABOVE HIGHEST PRICE OF LAST 25MINS (#5 CANDLES)

SET STOP LOSS @ 5 PIPS LOWER THAN THE LOWEST PRICE OF THE CANDLE AT WHICH THE PRICE CROSSED THE EMA 8 (#TRIGGER CANDLE)

SET TAKE PROFIT 1 OF 50% AT 15 PIPS

SET TAKE PROFIT 2 OF 50% AT 30 PIPS

IF,                    BULL STATUS = 0 

CANCEL BULL TRADE

 

 

BEAR TRADE

So, 

IF,                    H1 EMA 8 < EMA 21 FOR MORE THAN 5 HOURS (#5 CANDLES)

AND,                5M EMA 8 < EMA 13 < EMA 21 FOR 25 MINS (#5 CANDLES)

AND,    PRICE BELOW EMA 8 (#H1 TIMEFRAME)

AND,    PRICE BELOW EMA 8 (#5M TIMEFRAME)

SET BEAR STATUS TO 1

IF,                    PRICE ABOVE EMA 21 (5M TIMEFRAME)

RESET BEAR STATUS TO 0

 

IF,                    BEAR STATUS =1

AND,                CROSSES (ABOVE) EMA 8  (#5M TIMEFRAME) (#THIS IS CALLED THE TRIGGER CANDLE)

SET ORDER TO BUY @ 3 PIPS BELOW LOWEST PRICE OF LAST 25MINS (#5 CANDLES)

SET STOP LOSS @ 5 PIPS HIGHER THAN THE HIGHEST PRICE OF THE CANDLE AT WHICH THE PRICE CROSSED THE EMA 8 (#TRIGGER CANDLE)

SET TAKE PROFIT 1 OF 50% AT 15 PIPS

SET TAKE PROFIT 2 OF 50% AT 30 PIPS

IF,                    BEAR STATUS = 0 

CANCEL BEAR TRADE



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Project information

Budget
500+ USD
For the developer
450 USD