An Expert Advisor based on Moving Average and Support/Resistant needed

Tools required:

1. Single Moving Average - EMA 5

2. Flexible Support and Resistant line

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DAILY VALUE = To determine daily range of the flexible of Support and Resistant Line

- Provide one column on the EA Inputs (when attach to MT4) of Daily Value so that I will enter new daily value range (in pips) everyday. For example in Gold, I will enter 10.00 (Equal to 1000 pips). It will be different day to day basis

- The flexible Support and Resistant line is not fixed. It will be change during the day if the market making new High or Low

- When Uptrend, the range line formation will be 0(from today Low), 0.5, 1, 2, 3, 4, 5 and so on

- When Downtrend, the range line formation will be from 0(from today High), -0.5, -1, -2, -3, -4, -5 and so on

- There is only 0.5 and -0.5 line

- The EA will aware and observe if there is either MA Cross Below Support Line(From High of today) or MA Cross Above Resistant Line(From Low of today)

- EA will enter position on the next opening candlestick once MA cross above or below the flexible Support and Resistant Line

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SOP FOR BUY ENTRY:

1. When MA Cross Above Resistant Line 0.5, TP at 1 and SL at 0

2. When MA Cross Above Resistant Line 1, TP at 2 and SL at 0

3. When MA Cross Above Resistant Line 2, TP at 3 and SL at 1

4. There are 3 potential consequence,

i) Hit TP

ii) HiT SL

iii) Cut Loss and Enter the opposite direction

SOP FOR SELL ENTRY:

1. When MA Cross Below Support Line -0.5, TP at -1 and SL at 0

2. When MA Cross Below Support Line -1, TP at -2 and SL at 0

3. When MA Cross Below Support Line -2, TP at -3 and SL at -1

4. There are 3 potential consequence,

i) Hit TP

ii) HiT SL

iii) Cut Loss and Enter the opposite direction

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RULE FOR CUT LOSS AND TO COUNTER OPPOSITE DIRECTION :

1. Scenario during Buy Entry=

At beginning of the day, MA went up so EA should focus on Resistant Line which is the range from today Low. Then MA Cross Above the Resistant Line 1 and the EA open Buy Position. As usual, TP will be at 2 and SL will be at 0. Then price and MA starting to went Down. After checking the range from today High, there is MA Cross Below Support Line -1 and the SL is not hit yet. So since the new MA Cross at same level (which is both 1), the EA shall close the Buy position and enter new Sell position. As usual, the TP will be at -2 and SL at 0. If then suddenly the MA went Up again and Cross Above Resistant Line 1.0 again (from today Low) and SL is not hit yet, then the EA shall close the Sell position. Thats the end of it.

2. Scenario during Sell Entry=

At beginning of the day, MA went down so EA should focus on Support Line which is range from today High. Then MA Cross Below the Support Line -0.5 and the EA open Sell position. As usual, TP will be at -1 and SL will be at 0. Then price and MA starting to went Up. After checking the range from today Low, there is MA Cross Above Resistant Line 0.5 and the SL is not hit yet. So since the new MA Cross at same level (which is both 0.5), the EA shall close the Sell position and enter new Buy position. As usual, the TP will be at 1 and SL at 0. If then suddenly the MA went Down again and Cross Below Support Line -0.5 again (from today Low) and SL is not hit yet, then the EA shall close the Buy position. Thats the end of it.

3. If for example MA Cross Above at Resistant Line 1 and EA enter Buy Position. And then there is new MA Cross opposite direction at -0.5, then that is the new entry because it is different level.

4. Cut Loss and Counter Only allowed during the same day of the activation or and next trading day

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THINGS TO RULE OUT THE ENTRY - MEANS IF THIS HAPPENED DURING ACTIVATION THEN NO ENTRY FROM THE EA :

1. During activation (MA Cross), that particular candlestick High/Low Touch or Almost Touch the Support/Resistant Line(different from High/Low candlestick to Support/Resistant Line is 60pips and below). This case I call fulfilled means no more available gap. I attached an example of fulfilled case.

2. During activation (MA Cross), the range of opening next candlestick to S/R Line for TP is 160pips and below. This case I call unworthy entry. I attached an example of unworthy case.

3. On Monday-Thursday, activation(MA Cross) happened on last candlestick of the day

4. On Friday or If the next day is market close, activation(MA Cross) happened on 2 last candlestick of the day

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Lot Size

- Please provide one column on the EA Inputs (when attach to MT4) so that I can enter the volume that I want