Develop Scalping EA Strategy Using 3 EMA Crossovers to trade Synthetic Indices on a small account.

MQL5 Experts

Job finished

Execution time 3 days

Specification

I need a very skilled EA developer for my project, No time wasters please bcoz I really need this EA as soon as possible.

I just need this EA to be highly profitable which must be making at least 10$-15$ daily profit consistently putting SL at $5. This Daily TP should be adjustable as the account grows maybe after a week or so.

EA should be set to work on 15minute timeframe but should adjustable when necessary.

Remember that deriv Synthetic indices are open 24/7 including weekends, so I need this EA to be trading every day. On the panel, include the feature of true or false to allow it to trade on weekends due to that fact that Gold markets are open from Monday to Friday while Synthetic indices are always open even on weekends.

Buy Entry Conditions:

1. The 34-period Exponential Moving Average (EMA) should cross above the 68-period EMA, indicating an uptrend.

2. The 136-period EMA should cross above the 68-period and 34-period EMAs, with the 34-period and 68-period EMAs on top of the 136-period EMA, forming a strong support level. These 3 EMAs must be seen to be apart from each other & the 136 EMA being a bit further away from the 2 EMAs.

3. Enter buy trades when the 3 EMAs are a bit far from each other & few candles open above the 3 EMAs.

4. As long as the 34 & 68 EMAs are above the 136 EMA, if few candles close below the 136 EMA, the EA should continue holding the buy trades if STOP LOSS or Take Profit is not hit.

Once the set daily TP is hit, the EA must close all trades & stop trading for that day & wait until the next day, unless there is a very strong buy trend, then the EA can open 2 more short trades after a short reversal is over which must be closely monitored to avoid losing the first profits made. 

Buy Exit Conditions:

1.      Close the trades when the set TP is hit.

2.      Close the trades immediately the 136 EMA crosses the two EMAs (34 & 68) going to the downside & the two EMAs are below the 136 EMA.

Sell Entry Conditions:

1. The 34-period EMA should cross below the 68-period EMA, indicating a downtrend.

2. The 136-period EMA should cross below the 34-period and 68-period EMAs, with the 34-period and 68-period EMAs below the 136-period EMA, forming a strong resistance level. These 3 EMAs must be seen to be apart from each other & the 136 EMA being a bit further away from the 2 EMAs.

3. Enter sell trades when the 3 EMAs are a bit far from each other & few candles open below the 3 EMAs.

4. As long as the 34 & 68 EMAs are below the 136 EMA, if few candles close below the 136 EMA, the EA should continue holding the sell trades if STOP LOSS or Take Profit is not hit.

Once the set daily TP is hit, the EA must close all trades & stop trading for that day & wait until the next day, unless there is a very strong sell trend, then the EA can open 2 more short trades after a short reversal is over which must be closely monitored to avoid losing the first profits made. 

Sell Exit Conditions:

1. Close the trades when the set TP is hit

2. Close the trades immediately the 136 EMA crosses the two EMAs (34 & 68) going to the upside & the two EMAs are above the 136 EMA.

 

Important Note:

EA must never open trades when the 3 EMAs are very close to each other & are crossing each other almost every now & then. This indicates that the market is consolidating. EA must wait until the 3 EMAs are apart from each other & candles open either below or above the 3 EMAs.

EA must not be over trading, once TP is hit, it must stop trading immediately.

Additional information:

1. Open only 2 trades simultaneously with the same lot size when the entry conditions are met.

2. Implement news filters to avoid trading during high-impact news releases for Gold.


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Project information

Budget
35 - 65 USD
For the developer
31.5 - 58.5 USD
Deadline
from 1 to 2 day(s)