Trend trading EA based on moving averages, RSI and increasing lotsize

MQL4 Experts

Job finished

Execution time 10 days

Specification

The expert advisor users the RSI idnicator for entry in line with three moving averages, and only trades that direction. The trade either hits take profit point with the RSI as an exit signal, that take profit target or it will start to add as the position moves against the first position.

The expert advisor will add a set amount of X pips when the trade moves against the first position. Until eventually price retraces and it closes the entire position with total profit of X amount of pips ( equivalent if lotsize is increased when price moves against the first position)


If price moves against the first position and the initial position is 0.01 it will follow like this for example we add every 30 pips it goes against.

Trade 1 = 0.01 lotsize
Trade 2 = 0.01 lotsize
Trade 3 = 0.01 lotsize
Trade 4 = 0.02 lotsize
Trade 5 = 0.02 lotsize
Trade 6 = 0.02 lotsize
Trade 7 = 0.03 lotsize
Trade 8 = 0.03 lotsize
Trade 9 = 0.03 lotsize
Trade 10 = 0.04 lotsize

So every set 3 it will increase the lotsize by 0.01 every 3 increments, for more details for chosen developer.

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Project information

Budget
10 - 100 USD
For the developer
9 - 90 USD
Deadline
from 1 to 5 day(s)