ROBOT TO TAKE BIDS USING TRENDLINE AND START PRICE POSITION, WITH A PROJECCTED PERIOD DISTANCE BETWEEN HIGHEST AND LOWEST PRICE

MQL4 Experts

Job finished

Execution time 4 days

Specification

Hello,

I want to create an EA that will be solely based on the SET UP starting price at the beginning of the period. I will set a Start price to identify my current market prediction. I will also set a gap position I want for the period, either weekly or monthly.  Once the Highest and lowest prices after the start of the robot reaches the GAP, the robot will stop trading until a new set up is made.

The gap position is the price gap difference between the highest and the lowest price after the installation of the robot. So once I attach the robot with my required START PRICE and GAP price. The ROBOT will automatically start trading by SELLING at prices below the START PRICE and BUYING if price of the market goes above the START PRICE SET at the beginning of the period.

The robot should be able to use a trendline moving average indicator to be set by me at the beginning of the period. The trendline indicator will determine when bids should be taking at higher frequency or lower frequency and at what position whether to BUY or SELL.

The robot should be able to accumulate prices as well as use Moving average Trend indicator to control positions by Selling less when actual prices goes upwards to the trend price indicator, and SELL more when prices falls below the trend indicator and goes against it. It will also BUY more when actual prices goes above the trend indicator and BUY less when prices fall below the trend indicator line..

If the direction of the market is in line with the direction of the START price, the robot should take more bids after certain positions and close the bids if market reverts back or reaches the current trend indicator price at the time. So if Start price is say 90 and current price is 88 and trend price is 89, then ROBOT should BUY when prices goes above 89(trend price) and BUY MORE when prices goes above the START PRICE (90), While if Price gets to 89.5 and doesn’t reach the START PRICE but crosses the trend line upwards, then ROBOT should SELL MORE when price falls downwards below the trend price (89) and continue downwards while updating the trend price to enable it close all the positions when the actual price is about to cross the trend line to the other side again.

All bids opened at every position of the trendline should be closed at reversal of the trend or at accumulated profit of Zero (0). 






As you can see above, we have 3 SELLS I showed. SELL 1 activated above the START price, so it will take less bids until it rosses the START PRICE Line.  SELL 2 is below the START price, so it will take more SELL bids from the start. While SELL 3 too will start with less and take more at below the START price.

For the BUY. BUY 1 will take less BUY as it is below the trendline while BUY 2 will take more BUY position as it is above the START Price line.

All bids at every set of moves will be accumulated and closed together before reversing using the trend price updated as at the time or at total price of Zero.

As relates to the start GAP in prices, if the difference between the Highest price and Lowest price reaches the GAP, then the robot will stop trading or taking new positions. So if say gap is 4 and Highest price after start up is 90, then if lowest price reaches 90-4=86, then the EA will stop trading.

 

Please Note

I want only serious and immediately available programmers as time is essential. Also please ensure you understand the concept as well.

I will have the following as it relates to the EA

- Source code

- Ownership and Copyright of code

- EA should have a Password input

- I will need as much as 3 weeks to test the accuracy of robot before finalizing payment

- Robot should be usable on any product, currency, indices or stock 


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Project information

Budget
30 - 50 USD
Deadline
from 1 to 5 day(s)