Expert advisor based on Bollinger Bands and Tema, with 2 timeframes

MQL5 Experts

Specification

Hi, I already created the same strategy in Pine Script for Tradingview and it works wonders :)

(see screenshot attached, I don't know why I cannot just the picture here, sorry)

The strategy uses 2 different timeframes:

  1. W1 or D1 (please use "input ENUM_TIMEFRAMES"). Let's call it "longer"
    • Bollinger bands with ma20 and stDev 1, 1.5, 2, 2.5, 3, so "longerUpper1" for StDev=1 and so on
    • Triple Exponential Moving Average with 9 candles, no shift, so "longerTema"
  2. H1
    • close price of the last closed candle (so, no current floating price, until the start of the new candle), let's just call "shorter", so "shorterClose"


LONG CONDITIONS:

  1. shortClose < longerTema &&
  2. shortClose  crosses under longerLower1 or longerLower2 or longerLower3 and so on...

CLOSE LONG POSITIONS: shortClose  crosses over longerTema


SHORT CONDITIONS:

  1. shortClose > longerTema &&
  2. shortClose crosses over longerUpper1 or longerUpper2  or longerUpper3

CLOSE SHORT POSITIONS: shortClose crosses under longerTema


HEDGING enabled

STOP LOSS based on a percentage of the opening price (input), no trailing. Same with TP.

STDEV for BOLLINGER BANDS: please set them as input

Thank you!






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Project information

Budget
30+ USD
VAT (21%): 6.3 USD
Total: 36.3 USD
For the developer
27 USD
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from 1 to 10 day(s)