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Hi there,
I would like a trading EA to be built for MT4/MT5. The EA will be based on a few common indicators but with slightly different to default settings and some multi-time frame analysis components. I would also like some of the settings to be manually modifiable. Ideally, i would like the EA to also have an indicator mode where it will indicate entries (buy and sell), but not take them. The EA will need to work on any TF that is is applied. I would also like the source code once the project is complete. The following indicators and settings are required
MACD (FAST EMA + 8, SLOW EMA + 21, Signal = 3) - not the MACD included with MT4
SuperTrend (Length = 7; multiplier = 5)
ATR (Length = 14)
RSI (Length = 6)
EMA on TF EA is used (Length = 200)
EMA on Daily TF (Length = 200)
EMA on Daily TF (Length = 8 and Length 21) = This is for an additional trade filter that can be toggled on/off
Risk setting = % of balance (again should be modifiable)
All of these settings/configurations for these indicators should be modifiable.
Long entry:
Price closes above 200 EMA on daily
Price closes above 200 EMA on current TF
Extra filter option of 8 EMA being above 21 EMA on daily TF, whilst the bar closes on the current TF that the trad will be taken (I would like this ON as default)
Entry on current TF when MACD bull cross (underneath the zero line) whilst price is also above the SuperTrend indicator on the close of the bar where the MACD crosses.
Longs should only be taken if the RSI is below 80
default Trailing SL = 2.5 times the ATR (should be modifiable)
default Take profit target should be set with a default of 4 times the risk (should be modifiable)
However - I would like the option of turning off the TSL for a fixed pip size SL (with pip value being modifiable).
Short entry:
Price closes below 200 EMA on daily
Price closes below 200 EMA on current TF
Extra filter option of 8 EMA being below 21 EMA on daily TF, whilst the bar closes on the current TF
Entry on current TF when MACD bear cross (above the zero line) whilst price is also below the SuperTrend indicator on the close of the bar where the MACD crosses.
Shorts should only be taken if the RSI is above 20
Same risk/SL parameters as long entry.
Whenever an entry takes place (on the bar close) I would like there to be an arrow (in the direction of the trade to be drawn on the chart and an audio alert. If possible I would like this to have an indicator option so that the tool will not take the trade but will still give the arrow and audio alert of where the trade would have taken place. All trades should be the ability for manual adjustment (TP , closing the trade etc). I hope this is OK.
Happy to answer any questions etc.
Tom
PS
supertrend: https://www.mql5.com/en/code/8268
MACD: https://www.mql5.com/en/market/product/4720?source=Site+Market+MT4+Free+Search+Rating006%3amacd
As default can the divergence settings all be set to off.