Specification
Hi. I would like an EA to close trades based on the stochastic indicator. The EA will only close trades that are open. It does not open new trades.
The EA will be attached to a single chart. Every minute, it will check the M1 stochastic indicator data of all open trades with a specific magic number. This includes symbols whose chart the EA is not attached to. Close signal is triggered when the D-line (signal line) changes direction in the overbought or oversold region.
Additionally, add a function to move stop loss to entry price when stochastic indicator D-line crosses 50.
Let D1 = D value of the most recent closed M1 candle,
D2 = D value of the 2nd most recent closed M1 candle
Close buy condition:
D2 > overbought level and D1 < D2
Close sell condition:
D2 < oversold level and D1 > D2
Move SL to entry conditions:
Buy: D2 < 50 and D1 > 50
Sell: D2 > 50 and D1 < 50
The settings for the stochastic indicator can be modified in the EA settings. Price field setting is fixed at Low/High.
EA settings:
- K Period
- D Period
- Slowing
- Method
- Overbought Level
- Oversold Level
- Move SL to Entry (True/False)
- Magic Number
See images for examples.
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