AN EXPERT ADVISOR BASED ON PULL BACK STRATEGY

MQL4 Experts

Job finished

Execution time 9 days

Specification

THE STRATEGY INVOLVES A PULLBACK WHEN SUPPORT TURNED RESISTANCE AND A BEARISH PRICE ACTION CANDLE PATTERN APPEARS FOR SELL TRADE AND

ALSO WHEN RESISTANCE TURNED TO SUPPORT AND A BULLISH PRICE ACTION CANDLE PATTERN APPEARS FOR BUY TRADE. THIS WILL BE INCOPOIRATED WITH A ZIGZAG INDICATOR ALSO

PLS ONLY APPLY IF YOU CAN DO IT.


General Settings for the Robots

*There should be settings for Higher timeframe and lower timeframe in the Robot Input panel. E.g Daily &4hr, 4hr & 1hr, 1hr & 30mins

*I want Risk Management to be incoporated into the Robot. I want it that the robot should automatically determine the lot size to use based on the functions of the Risk Tolerance and the Pips at risk (difference between entry price and Stoploss price). So I want the robot to have a Risk Tolerance Settings in its input panel that can be adjusted but default should be 2%


*The 2% Risk Tolerance is per trade, but Robot should have a Maximum Risk tolerance input, let say it is 10% (this means there should not be more than 5 trades at a time the robot should hold)


*Robot should have risk reward ratio settings. Default should be 1:1.5 (that is, for every 20 pips risk the take profit should be 30pips). This risk reward ratio should be adjustable in the Robot Input panels also. from 1:1.5 to 1:2 to 1:3


*The last one is the Trailing Stop: Once price reaches 1/2 of Pips at risk in profit, then Trailing Stop should trigger. Let it also appear in the Robot input panels and should be adjusted to ON and OFF


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Project information

Budget
30+ USD
For the developer
27 USD
Deadline
from 1 to 3 day(s)