All orders
Rules
Specification
Hello, I need an EA built for MT4 Using an indicator for entries and Prices action. The indicator will be shared via chat.
Details of the EA
Cluster indicator Zig zag indicator that checks for swing lows and swing highs for targets.
Moving averages 50 and 200
*Buy* when 50 and 200 cross for an uptrend
*Sell* when 50 and 200 cross for a downtrend
*Sell entry* When 50 and 200 cross for a downtrend. Price needs to be above 50 and wait for the candle to close and the cluster is overbought for a sell. Candle needs to close for a confirmation that the color change indicator of Cluster is in the overbought region turns and turns red. We put a stop loss at the high of that wick.
*Take profit.* We are looking to target the lower low for sells and higher high for buys starting for the cross of the MA’s
*Stop Loss* Buy Trade 1 scenario - change of color to green and confirm candle close we put our % risk at low of entry wick.
[ Two conditions ]
Begin with Risk %
a.) If stop loss Is breached with a candle break and close and we get a new cluster signal we use multiplier
b.) if stop loss Is breached with a candle break and close but no new cluster signal we remain in our trade.
Move to break even at % to take profit target and partial take profits off
*If x attempts reached we look at loss amount*
Martingale only begins if this is true > We are always using invisible stop loss for calculating risk however we begin the recovery only if this rule is triggered and begin the recovery after the x attempts. We use martingale to recover BUT the signal must be in the opposite signal direction so if we were buying we are now selling.
*HARD stop close all orders if this condition happens*.
Remain in trade only close all orders if more than x attempts in the same direction. Then recover these orders in opposite signals so if buying we are waiting for sell signal setup.
EA settings:
Trade management filters
1. Spread filter: i;e 0-10
2. Hardstop: Close all orders after x Cluster orders in same direction (martingale recovery begins and to trade in opposite setup signal)
3. Trading Sessions: New York, Asian, London
4. Cost averaging Multiplier (same direction)
4. Martingale Multiplier if max cluster signals reached (trade in opposite setup signal)
5. Risk: % Percent based Risk auto lots
6. Breakeven & Partial Profits: at % level from SL and Take Profit level
8. Moving Averages Distance min and max: by [XXX]
9. Max Daily % Drawdown: Floating daily limit reaches to close all orders for the day and begin the next day if threshold reached.
10. Stoploss offset: X pips above wick
11: Max Cluster Signal: In direction of trend
12. Max Cluster Signal: When price is above or below 200 1-2