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Specification
Hi, I need Expert Advisor robot that works in MT4 that can place orders for me and close based on my Forex Trading Strategy.
My Forex Trading Strategy is based on Trend following and it has the following indicators which the rules will be based on:
1: Wave Indicator (this wave indicator is based on Two moving averages: 169 and 144 both are exponential and close): these two moving averages will be called the Wave if price is below the wave we will consider looking for sell signals and vise versa for buy signals
2. 20 EMA (close): This 20 ema will be used for the last trigger
3. Pivot Point: I have my own Pivot Point Indicator in my MT4 chart which I want the EA to read. we need the Pivot Point indicator to identify this: if the market opened bellow the Pivot we are looking for sell for that whole day. and if the price opens above the Pivot Point for the starting of the day we will consider buy signals. to explain Pivot point has three support and three resistance and the pivot between the 3R and the 3S. we are concerned the reading the Pivot.
4. Candle Sticks for Triger: lastly we will look the following candle sticks to place the order while also using the previous items. a) Bulling/Bearish Engulfing, b) Inside day C) Pinbar
Remember also the strategy will be used in the short time period the 15 minute period
The following are the rules for buy and sell
For Buy / Long Signal the following rules must be fulfilled
1. If price is above the Wave Indicator(1)
2. price is also above the Pivot Point
3. and price is above or closes the 20 EMA
4. and Triger candle stick forms (pinbar, engulfing or insideday)
5. Place the Trade 2pips above the Trigger Candle
6. Stop loss will 2 X ATR
7. Take Profit will 3XATR
For Sell/ Short Signal the following rules must be fulfilled
1. If price is below the Wave Indicator(1)
2. price is also below the Pivot Point
3. and price is below or closes below the 20 EMA
4. and Triger candle stick forms (pinbar, engulfing or insideday)
5. Place the Trade 2pips below the Trigger Candle
6. Stop loss will 2 X ATR
7. Take Profit will 3XATR
IMPORTANT FUNCTIONS
1. the EA should have place (in the properties) where I can adjust the TP and Stop Loss; like I can write 1 for 1ATR 3 for 3ATR (ATR is an indicator)
2. Expert Advisor should have risk management in the properties (like I should be able to write fixed amount to loss and every trade the robot enters should be based on the amount I risked. more example my account will be based on dollar, so I need to be able in the properties the amount Iam risking in terms of dollar, like 30$. If i write 30$, all trades must be based on that amount .
3. In the property robot should have a place where I can limit the time which it can place trades. Like I want the robot to trade certain time from and to so it should have that.
So generally the Expert Advisor also should have the default options.
