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Specification
In the indicator and Expert advisor I want to display the trend of 15M, 1H, 4H and 1D in the bottom right corner based on the (First MA: Averaging Type)
If the time frame of M15, H1, H4 or D1 indicates a declining price then a text with Sell must be placed above the time frame in the color Red and the time frame must also turn red. With a rising price, a Buy text must appear above the time frame in Blue and the time frame must therefore become Blue in color. (I've posted a screenshot of how I want it to be in the bottom right)
This indicator does exactly the way I want it to: https://www.mql5.com/en/market/product/54315?source=Site+Market+MT5+Indicator+Rating005
I also want to change the menu in the Expert Advisor and add extra options: The way I want it to have it I attached below.
Now the Expert Advisor trades according to the trend signals and if the trend reverses, the previous position will be closed and a new one will be opened immediately. I don't want this anymore. The Expert Advisor has to trade according to a new method but still based on the trend.
I want the new method to trade according to the 4 timeframes. I also want a position to be opened at 3 different times based on conditions , with a total of 3 positions opened in the end . Each with their own settings. So instead of a big position I want to have 3 small ones.
'll describe it as I mean it above. If a new Bull trend starts and the M15 is Buy and the H1 is buy then the 1st position opens. (The 15m is the moment of entry into the market but must be confirmed by the other timeframe) When M15, H1, H4 is also buy, a 2nd position opens. When all 4 time frames are buy, a 3rd position opens. The previous 2 positions remain open unless the reverse signal is given. So if 15M and 1H become a sell then the 1st position will close but the other 2 will remain open. The 1st position will then be reopened based on the new trend, so 15M and 1H Sell. So a maximum of 3 positions will be open. With only 15M nothing is done only if the other time frames also give the same signal as described above.
In the menu I want to be able to set the condition that the trade must meet per position. I have already indicated this in the menu example.
In a bull market, positions will open and close if the trend reverses as follows I want to be able to adjust the condition in the menu as in the menu example:
Below is an example of how the 3 smaller positions should trade:
· Buy 15M, Buy 1H, Sell 4H, Sell 1D, 1st position will be opened and or closed when the conditions reverse.
· Buy 15M, Buy 1H, Buy 4H, Sell 1D, 2st position will be opened and or closed when the conditions reverse.
· Buy 15M, Buy 1H, Buy 4H, Buy 1D, 3st position will be opened and or closed when the conditions reverse.
I would also like to have a news check and a news indicator built in both indicator and Expert Advisor with the time and impact of the news item. In the attachment I have posted screenshots with how I want it. I got this idea from the following website: https://wetalktrade.com/newsfeed-indicator-forex-news-events/
If it is possible then I would also like Some Techniques to Reduce and Control Drawdown. And if possible then I would also like Some Techniques for Hedging. I'm not that familiar with this so I'll leave this up to you.
I would like to know if you can and want to carry out this assignment and what the costs will be?
New Expert Advisor menu structure Below:
| Variabel | Waarde | Remark | ||
| TimeFrame Main | Current, The time frames 1M to 1 Month | As it is now, no need to change? | ||
| Wait for bar Close | True, False, | As it is now, no need to change? | ||
| Close positions at new trend signal | True, False, | Being able to turn it on or off so that it goes automatically or you have to do it manually | ||
| Max positions at a time | 3 | You should be able to change this to more or less if necessary | ||
| Allow Buy? | True, False, | The Ea may open buy trades | ||
| Allow Sell? | True, False, | The Ea may open sell trades | ||
| Support Manual orders | True, False, | Manual trades remain manual and will not be taken over by the EA | ||
| Use Hedge | True, False, | If it is possible I would like to have this feature on it | ||
| Drawdown Reduction | True, False, | If it is possible I would like to have this feature on it | ||
| Pauze between orders (min. 0= not use) | (Time) | To prevent the EA from opening trades in quick succession and give some space between them | ||
| Spread Limit (in points) | As it is now, no need to change? (Move only the position in the menu) | |||
| Slippage | As it is now, no need to change? (Move only the position in the menu) | |||
| News check | True, False, | Actual impact of a news and trade safely. | ||
| Show News Feed indicator | True, False, | Shows all upcomming news events about a particular currency in the chart | ||
| Don't act if the news item has the following impact | (Selection) | Selecting the impact when the EA is not allowed to trade | ||
| Indicator Settings | ||||
| First MA: LookBack Period | As it is now, no need to change? | |||
| First MA: Averaging Type | As it is now, no need to change? | |||
| First MA: Tilson T3 Factor | As it is now, no need to change? | |||
| First MA: T3 original Tilson Calculation | As it is now, no need to change? | |||
| First MA: Quantile percent (50== Median) | As it is now, no need to change? | |||
| First MA: Color Smoothing | As it is now, no need to change? | |||
| Stochastic: Use | As it is now, no need to change? | |||
| Stochastic: %K period | As it is now, no need to change? | |||
| Stochastic: %D period | As it is now, no need to change? | |||
| Stochastic: Slowing | As it is now, no need to change? | |||
| Stochastic: Price field | As it is now, no need to change? | |||
| Stochastic: Method | As it is now, no need to change? | |||
| Stochastic: Overbought level | As it is now, no need to change? | |||
| Stochastic: Oversold level | As it is now, no need to change? | |||
| Stochastic: Reverse Overbought/Oversold zones | As it is now, no need to change? | |||
| Trade Settings | ||||
| Reverse trade signal | As it is now, no need to change? | |||
| Trade type: | As it is now, no need to change? | |||
| Pending: distance from candle High/Low (Points) | As it is now, no need to change? | |||
| Trade 1 | ||||
| Lot size fixed | As it is now but adjustable per trade. | |||
| Lots per 1000 balance (if fixed = 0) | As it is now but adjustable per trade. | |||
| Opening/Close Trade conditions | Below are the settings that are specified for the trade(1) to be opened. | |||
| 15M | Buy,Sell | Buy / Sell | ||
| 1H | Buy,Sell | Buy / Sell | ||
| 4H | Buy,Sell | Sell / Buy | ||
| 1D | Buy,Sell | Sell / Buy | ||
| Closing position at the reversing signal? | True, False, | Will the trade(1) be closed if the above conditions change? | ||
| Stoploss (points) | (points) | As it is now, no need to change? but only adaptable for this trade(1) | ||
| Take Profit 1 (1/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Take Profit 2 (2/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Take Profit 3 (3/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Trailing Activation (Points) | (points) | As it is now but adjustable per trade. | ||
| Trailing Distance (Points) | (points) | As it is now but adjustable per trade. | ||
| Trailing Step (Points | (points) | As it is now but adjustable per trade. | ||
| Breakeven (Points) | (points) | As it is now but adjustable per trade. | ||
| Breakeven Protect (Points) | (points) | As it is now but adjustable per trade. | ||
| Breakeven Distance step (Points) | (points) | Instead of going to the Breakeven in one go, bring it closer in steps | ||
| Trade 2 | ||||
| Lot size fixed | As it is now but adjustable per trade. | |||
| Lots per 1000 balance (if fixed = 0) | As it is now but adjustable per trade. | |||
| Opening/Close Trade conditions | Below are the settings that are specified for the trade(2) to be opened. | |||
| 15M | Buy,Sell | Buy / Sell | ||
| 1H | Buy,Sell | Buy / Sell | ||
| 4H | Buy,Sell | Buy / Sell | ||
| 1D | Buy,Sell | Sell / Buy | ||
| Closing position at the reversing signal? | True, False, | Will the trade(2) be closed if the above conditions change? | ||
| Stoploss (points) | (points) | As it is now, no need to change? but only adaptable for this trade(2) | ||
| Take Profit 1 (1/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Take Profit 2 (2/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Take Profit 3 (3/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Trailing Activation (Points) | (points) | As it is now but adjustable per trade. | ||
| Trailing Distance (Points) | (points) | As it is now but adjustable per trade. | ||
| Trailing Step (Points | (points) | As it is now but adjustable per trade. | ||
| Breakeven (Points) | (points) | As it is now but adjustable per trade. | ||
| Breakeven Protect (Points) | (points) | As it is now but adjustable per trade. | ||
| Breakeven Distance step (Points) | (points) | Instead of going to the Breakeven in one go, bring it closer in steps | ||
| Trade 3 | ||||
| Lot size fixed | As it is now but adjustable per trade. | |||
| Lots per 1000 balance (if fixed = 0) | As it is now but adjustable per trade. | |||
| Opening/Close Trade conditions | Below are the settings that are specified for the trade(3) to be opened. | |||
| 15M | Buy,Sell | Buy / Sell | ||
| 1H | Buy,Sell | Buy / Sell | ||
| 4H | Buy,Sell | Buy / Sell | ||
| 1D | Buy,Sell | Buy / Sell | ||
| Closing position at the reversing signal? | True, False, | Will the trade(3) be closed if the above conditions change? | ||
| Stoploss (points) | (points) | As it is now, no need to change? but only adaptable for this trade(3) | ||
| Take Profit 1 (1/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Take Profit 2 (2/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Take Profit 3 (3/3 van de lot) (Points) | (Lot size) | The trade is closed in pieces instead of completely | ||
| Trailing Activation (Points) | (points) | As it is now but adjustable per trade. | ||
| Trailing Distance (Points) | (points) | As it is now but adjustable per trade. | ||
| Trailing Step (Points | (points) | As it is now but adjustable per trade. | ||
| Breakeven (Points) | (points) | As it is now but adjustable per trade. | ||
| Breakeven Protect (Points) | (points) | As it is now but adjustable per trade. | ||
| Breakeven Distance step (Points) | (points) | Instead of going to the Breakeven in one go, bring it closer in steps | ||
| Magic Number | As it is now, no need to change? | |||
| Sound on trade events | As it is now, no need to change? | |||
| Logging mode | As it is now, no need to change? |
