FreelanceSections

Expert Advisor Based on Key Price Levels ( Fibonacci & Support & Resistance)

MQL4 Experts

Job finished

Execution time 7 days
Feedback from employee
I am very grateful to work with this gentleman patient and very generous highly recommended costumer I cant wait to work with him again

Specification

Chart Reference 

As depicted on Chart, I want an EA that places an Order on the basis of Price Action at 2 Key Levels. 1. At Support & Resistance used on TradingView Chart 2. Fibonacci Retracement Levels.


Long Breakout - If at these level, if hourly candle crosses the level and then there is a pullback towards the level on 15 minute time frame and then breaks out crossing the previous swing high


Short Reversal - If at these level, if hourly candle crosses the level and then there is a reversal forming a new swing low and then forms lower high after retesting the previous low


Short Breakout - Same pattern as long breakout


Long Reversal - Same pattern as short reversal.

Money Management  It should place order in 3 quntities i.e 0.03 lot or 0.06 lot. 1st target is 10 pip. 1/3 of the lot is closed after 10 pip and stop loss is moved to 5 pip for remaining 2/3 lot. Next Target is 50 pips and 1/3 is closed and remaining stop loss is moved to 25 pip. Final Target is 100 pips

Initial Stop loss for long order is previous swing low on hourly chart or 15 pips, whichever is lower.

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