Currency Strength Algorithm

MQL5 Experts

Job finished

Execution time 20 hours
Feedback from customer
I hired Navdeep to help me work on a personal project where my ability with MQL5 was lacking. He completed the job within a few hours and helped me with numerous questions after the handover
Feedback from employee
Happy to help

Specification

Hello,

I have developed a strategy but I'm struggling to write the MQL5 code and it's easier for me to get some help rather than continue struggling.

I will explain the part of the strategy I need help with in basic code but I need help writing this in MQL5 as 1. I can't figure out how to calculate the moving average of a source that isnt OHLC, and 2. I cant think how to store that as an array. I have commented the sections below:


lookback_period = 50

//------ Get RSI Values for all 28 Pairs

double audcad = rsi("AUDCAD",lookback_period)
double audchf = rsi("AUDCHF",lookback_period)
double audjpy = rsi("AUDJPY",lookback_period)
double audnzd = rsi("AUDNZD",lookback_period)
double audusd = rsi("AUDUSD",lookback_period)
double cadchf = rsi("CADCHF",lookback_period)
double cadjpy = rsi("CADJPY",lookback_period)
double chfjpy = rsi("CHFJPY",lookback_period)
double euraud = rsi("EURAUD",lookback_period)
double eurcad = rsi("EURCAD",lookback_period)
double eurchf = rsi("EURCHF",lookback_period)
double eurgbp = rsi("EURGBP",lookback_period)
double eurjpy = rsi("EURJPY",lookback_period)
double eurnzd = rsi("EURNZD",lookback_period)
double eurusd = rsi("EURUSD",lookback_period)
double gbpaud = rsi("GBPAUD",lookback_period)
double gbpcad = rsi("GBPCAD",lookback_period)
double gbpchf = rsi("GBPCHF",lookback_period)
double gbpjpy = rsi("GBPJPY",lookback_period)
double gbpnzd = rsi("GBPNZD",lookback_period)
double gbpusd = rsi("GBPUSD",lookback_period)
double nzdcad = rsi("NZDCAD",lookback_period)
double nzdchf = rsi("NZDCHF",lookback_period)
double nzdjpy = rsi("NZDJPY",lookback_period)
double nzdusd = rsi("NZDUSD",lookback_period)
double usdcad = rsi("USDCAD",lookback_period)
double usdchf = rsi("USDCHF",lookback_period)
double usdjpy = rsi("USDJPY",lookback_period)

//----- Find Individual Currency Strength

double aud = (audcad+audchf+(100-euraud)+(100-gbpaud)+audjpy+audnzd+audusd)/7;
double cad = ((100-audcad)+cadchf+(100-eurcad)+(100-gbpcad)+cadjpy+(100-nzdcad)+(100-usdcad))/7;
double chf = ((100-audchf)+(100-cadchf)+(100-eurchf)+(100-gbpchf)+chfjpy+(100-nzdchf)+(100-usdchf))/7;
double eur = (euraud,eurcad+eurchf+eurgbp+eurjpy+eurnzd+eurusd)/7;
double gbp = (gbpaud,gbpcad+gbpchf+(100-eurgbp)+gbpjpy+gbpnzd+gbpusd)/7;
double jpy = ((100-audjpy)+(100-cadjpy)+(100-chfjpy),(100-eurjpy)+(100-gbpjpy)+(100-nzdjpy)+(100-usdjpy))/7;
double nzd = ((100-audnzd)+nzdcad+nzdchf+(100-eurnzd)+(100-gbpnzd)+nzdjpy+nzdusd)/7;
double usd = ((100-audusd)+usdcad+usdchf+(100-eurusd)+(100-gbpusd)+usdjpy+(100-nzdusd))/7;



//---- Now I need a function to take one of the individual currency strengths and calculate 2 moving averages, subtracting the smaller moving average from the larger one. The problem is 1. finding the moving average of a source that isnt OHLC, and 2. storing that as an array to be able to identify crossovers etc:

int signal(double data_currency)
{
        int signal_output = 0;

        delta[] = ema(data_currency,50) - ema(data_currency,200) // This needs to be an array so that I can calculate when delta crosses above or below 0. This is the entry criteria
        
        if(delta[0] > 0 && delta[1] < 0) //delta crosses above 0
                signal_output = 1;

        if(delta[0] < 0 && delta[1]) > 0 //delta below above 0
                signal_output = -1;

        return(signal_output);
}
    


This should be a simple fix for someone who knows the solution!


Responded

1
Developer 1
Rating
(322)
Projects
499
67%
Arbitration
5
40% / 0%
Overdue
4
1%
Free
Published: 8 codes
2
Developer 2
Rating
(5)
Projects
7
29%
Arbitration
0
Overdue
0
Free
Similar orders
Hello developers. I would like to write an Expert Advisor (EA) for MT4 based on the RSI indicator. -Conditions for placing a buy order: when the RSI indicator shows a buy signal with divergence, the CCI indicator is less than -100, and the lowest price is below the lower Bollinger Band. - Conditions for placing a sell order: when the RSI indicator shows a sell signal with divergence . The CCI indicator is greater
MT5 DEVS NEEDS 70+ USD
Hi, I'm contacting/hired to inquire about the possibility of creating an expert advisor dashboard scanner for MT5. The scanner already exists, but the current developer can't add sound notifications. I also need additional custom options. I'll leave you the link to the sample scanner. https://www.mql5.com/it/market/product/137093?source=External I need the scanner for "Sweep and close" candles with a custom alert
Project Title: MT5 Algo Trading EA (Single Strategy + License Panel + Ownership + Manual Trade) --- Project Description I am looking for an experienced MT5 (MQL5) developer to create a clean, stable and professional Algo Trading EA for my company and future clients. This is a long-term business project, not a one-time personal EA. --- 1. Strategy Requirements - Only 1 single trading strategy - No martingale - No grid
I have an existing indicator- but may need some source code adjustment to make it into an EA. Attached source file, mql file and set file. All 6 filters need to be on 'TRUE' to check if the EA works correctly
Hi, I have an EA, which places limit orders only by reading the text files in common folder (in a specific format) I need to make some updates in the EA: 1. Limit to Market Entry Adjustment: True/False · By default, when placing a buy limit order, if the current price, is below the limit price mentioned in the file, the order gets triggered as market entry. · By enabling the above option as True, it
write me a fast eurusd and btc scalping robot using ema trend filter m1 and m5 entries lowspread check, less trades, strict risk management fixed tp/sl ssesion filter and tick based exists
need an MT5 Expert Advisor for XAUUSD. The EA logic is based on Asian session range and London continuation. Main rules: 1. Asian session - User-defined start and end time - Calculate Asian High and Low - Calculate Asian range 2. Quality filter - Trade only if Asian range is between minimum and maximum values (inputs) 3. Entry - One trade setup per day - If BUY bias: Place Buy Limit at Asian Low minus buffer - If
I want to create an intraday EA designed to trade RSI pullbacks in the direction of the dominant trend during sufficient volatility, scales out profits, and automatically stands aside when market conditions stop supporting its edge. It should have the following features and are based on the following indicators: Trade FX on M15 Enter based on RSI, EMA and ATR Scale out profits using a multi-TP structure Trade only
I need a marketer who can actively sell my MetaTrader EA and generate real purchases. Offer Upfront: $50 (to start work immediately) Commission: 30% per sale on NET price (after payment processor/platform fees; VAT/taxes excluded) Commission is paid only on verified sales tracked through unique links/coupons. Your Job (what “SELL” means here) You must: Bring targeted buyers (traders, forex/crypto communities
hello great developer I am looking for a trading bot that can automatically execute trades on my behalf. I am a member of a premium Telegram signals group, and I would like the bot to place all trades automatically and atomically as soon as the signals are posted in the group. The primary issue I am facing is that the group operates during London trading hours, and I occasionally miss signals due to time differences

Project information

Budget
30+ USD
Deadline
from 1 to 2 day(s)