An Expert Advisor that is based on a stand alone indicator which needs to be called!

MQL4 Experts

Job finished

Execution time 15 days

Specification

1. The idea of the trading system is as follows: Market entries are performed when the on the one minute on the US30 or spx500 when 2 moving averages cross and a double arrow paints in the direction of the trend. The first green or red arrow with the blue arrow must be a double arrow only then a trade can be taken otherwise it must wait for the next cross of the EMA's.

2. Trend When the fast ema thin line cross the slow moving average thick line above it is an uptrend and below is a downtrend.

3. Trading Signals:

  • Buy signal: When the fast ema crosses the slow ema above and a double arrow paints in the direction of the uptrend.
  • Sell signal: When the fast ema crosses the slow ema below and a double arrow paints in the direction of the downtrend.

5. Positions are opened when the double arrow is painted in the direction of the trend it will open a position on the open of the following bar

6. Lot size - The lot size must be able to be set as a fixed lot or a % risk based on the size of the stop loss the bigger the stop loss the smaller the lot size and the smaller the stop loss the bigger the lot size.

7. Stop Loss The stop loss can be set at x pips in our case normally 30 pips but want to change it in more volatile situations

8. Take Profit at a fixed input of x pips normally 60 pips for a risk to reward ratio of 1:2

9. Breakeven — Once a position gets into profit of x pips normally 10-15 pips the stop loss will be automattically set to breakeven.

10. Times to trade — We would like to set times to trade say about 4 rows of times to trade as we find that during like new york session a certain time is not favourable and would like to cut it out.

 


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Project information

Budget
67+ USD
For the developer
60.3 USD
Deadline
from 1 to 2 day(s)