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Execution time 11 hours
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The Heikim Ashi RSI Oscillator by Jay Rogers is a Trading view indicator. I have recently had it converted to MT4.
Next project is to create an EA that will use the indicator for buy/sell, simple trade management and risk management.
The indicator works best on the 1 minute time frame (EURUSD, GBPUSD, AUDUSD).
I still use some discretion when taking a trade, for example when price is in free fall the indicator does not work but when price is steady the indicator based on a set of rules works very well.
The issue is taking these profit levels and trade set ups on a consistent basis thus needing a robot to do this.
The trade management has 3 partial limit levels to get out at profit. 1 level for a full loss. These are based on the stop level, if the entry is 1.0803 (Buy) the stop might be 6 pips 1.0796.
The first profit level is 1.0809 (6pips 1/1). Stop is now moved to -2. Next profit level is 9 pips (1.5/1), Stop is moved to +1 and the last profit level in this example would be 12 pips (2/1 based on the original opening position).
The example idea above will vary meaning perhaps the order entry sigal was at 1.0805 and the STOP needs to go 2 pips below the recent low. Image provided.
Risk I set at 0.10% of available capital
As per the image included, the buy signal is when HARSI is in the oversold area (-20) and comes back into the boxed boundries..the buy is the close of the 2nd green candle (preferbaly the 2nd green candle is a bigger candle versus the 1st green candle). The HARSI is not used to get out of a trade.
The image is from a Tradingview chart but this project will need to be completed for MT4
I can offer more insights and answer your questions as needed.
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This mql4 got entry blue line and exit red line and pips inside also calculated it uses haiken Ashi and murray Math settings if you this you up for this job let's discuss it we will talk more when you are chosen thanks in advance
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Hello Amazing developer am looking for profitable EA for mt4 and made for some past year and i will be looking forward for your bid if you have mt4 EA let Negotiate in the contact box best regards
Hello Amazing developer am looking for profitable EA for mt4 and made for some past year and i will be looking forward for your bid if you have mt4 EA let negotitate in the contact box best regartds
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