Simple strategy: buy when RSI and CCI oversold exit when overbought

MQL4 Indicators Experts

Job finished

Execution time 18 hours
Feedback from employee
Adil was a pleasure to work with, a very nice guy. He is fair with his pricing and does not pressure you :)

Specification

Very simple strategy. I can build 90% of it using standard free strategy builder in 3 minutes. BUT, the builder doesn't have the ability to add additional entry when there is already an open position. Just for this reason I list the job here. 

There is a complete and working code written in Ninja Trader script (indicator and strategy). I just need someone to convert it into MT4. If you are interested please let me know and I will provide whole detailed explanation, with code, graphic screen shot etc. 

DESCRIPTION of Strategy

No short selling allowed. There are two overbought/oversold indicators (RSI and CCI). When both are oversold the initial trade (one lot) enters long. Then If there is an open trade and RSI falls below second oversold level while the candlestick bar closes in its lower 20% of its range an additional entry is done (one lot). Each time RSI falls below second oversold an additional trade takes place. Up to 4 more additional trades (plus 1 initial trade). The trade is exited when whichever indicator becomes overbought first. All lots exited at once.

Indicator serves just to graphically mark buy sell executions on chart for monitoring and manual trading.




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Project information

Budget
40 - 70 USD
For the developer
36 - 63 USD
Deadline
from 1 to 2 day(s)