GRID based EA for MT5

MQL5 Experts

Job finished

Execution time 5 days
Feedback from customer
ALL GOOB

Specification

So. We gonna have the EA calculating the ratio in between symbols and the moving avg of this ratio. Once the ratio starts to move away from the ratio we start to open positions. if ratio keeps going against us we keep opening new positions with martingale-like lot sizes. Till it goes back to where we want it to be. 


How we gonna close the positions?

For the first positions we close once it goes back to the MA entry point. 

If it needs to martingale, that we apply a grid rule, closing all the positions if price bounces back to the previous level.

For this EA price will be irrelevant, because it will be hedged. 


For exemple:

The the ratio in between GBPUSD and EURUSD rose above the MA. I want to start to open my positions at 0.3% and martingale it every 0.2%. 

So if the ratio is Above that means I need to short GBPUSD and buy EURUSD.  And if it was below, it would be the opposite. 


Let's say we didn't need to martingale because ratio went back down. How should we proceed?
Well, let's say the avg is 1.150 and now the ratio is 1,400. I open the positions, it starts to slowly goes down, but at the same time ratio goes down, the moving avg goes up, And the cross at 1.250. Should I close positions? 

Maybe. I'm in profit, but I opened at 1,150, i should close at that level. and try to pocket the biggest profit.


The inputs for it will be


Symbol 1

Symbol 2

Initial lot

Ration symbol 2(true or false)

Timeframe (for optimization)

Moving avg length

Distance for open positions (%)

Grid size after first position (% of ratio)

Multiplier


What Ration symbol 2(true or false) means in this case?

Let says the ration in between both is 3 (some pairs are like that) So we can open 1:1 lots for them. Symbol 2 will open the lot based on the ratio. If it's 3. You open 1 lot for symboL1 and 3lot symbol2. The same apply if the ratio is 0.3, for exemple.


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Project information

Budget
40+ USD
For the developer
36 USD
Deadline
to 3 day(s)