FreelanceSections

Simple EA MT4 based on MACD and ATR with pending orders

MQL5 Experts

Job finished

Execution time 1 day
Feedback from customer
Excellent work. Quick and flawless, very good communication, I can only recommend Andrii for coding.
Feedback from employee
Nice work with customer provides a clear technical specification. The customer is always in touch, quickly checked and accepted the work. I will be glad to further cooperate!

Specification

Indicators used:

MACD (settings must be controlled in the EA)

ATR (settings must be controlled in the EA)

   

Order Management

Only take pending orders

Buy Stop

Sell Stop

 

Placing orders

 

MACD has to cross the zero line and has to stay after candle close above/below zero.

Place Buy stop trade after candle close if MACD has crossed the zero line. Place Buy Stop ATR x factor (to be determined in EA) above high of signal candle.


Example EURUSD: candle closes at 1.1400, ATR for the time frame is 30 pips and the factor is 0.4, then buy stop has to be placed at 1.1412.

Example US30: candle closes at 35.000, ATR for the time frame is 1.000 points and the factor is 0.6, then buy stop has to be placed at 35.060

   

Vice versa for Sell Stop

 

 #Rule 2

  Pending order is valid for x candles (to be determined in EA). After closing of candle no. x, pending order is deleted

 

 #Rule 3

Pending order is deleted when opposite signals comes, based on candle close


Money Management

fix lot size

% of equity

  

Trade Management

SL factor x difference between candle close and pending order (to be determined in EA)

TP factor the same

BE settings with BE after x percent of TP and BE + x pips

 

Miscellaneous

EA must have trading times

EA must have max spread

EA must work for FX pairs and indices


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Project information

Budget
30 - 80 USD
VAT (19%): 5.7 - 15.2 USD
Total: 35.7 - 95.2 USD
For the developer
27 - 72 USD
Deadline
to 2 day(s)