Robot required

MQL4 Experts Scripts

Job finished

Execution time 44 days
Feedback from customer
Good programer. Fast respond. Sometimes hard to understand comments.

Specification

Hello developers,

I have my own system / strategy for trading.

I base my trading on Currency Ring (3 currency pairs). Have you heard about it???

I trade 2 currency pairs at the same time but I follow and have charts open for 3 pairs – this is important to follow 3 pairs for making decision about a trade.

I’ll give you an example:

I specialize in AUD/USD and AUD/CAD because they are closely correlated. They move almost parallel.

I buy one and sell the other one at the same time. One makes profit and the other one makes loss, but when they diverge or converge and the total is showing profit then I close all trades. I use this strategy because Stop Loss doesn’t work.

I have a special EA that closes automatically all trades when profit reaches a specific target $.

I make a decision depending on the trend.

The third currency USD/CAD is for making decisions. The AUD/CAD must have the same trend as USD/CAD to enter a trade.

It works for me and this strategy is profitable when I enter all trades manually.

I would like to develop a Robot that would do it for me when I enter all the parameters that I use now doing it manually.

I hope that it is possible.

 

Now I will explain what parameters are needed.

 

  1. Robot has to detect trend of all three currencies. Trend should be checked on all time frames. Robot should enter a trade only in the direction of trend.
  2. Robot has to detect if the 2 currencies are diverging or converging.
  3. Robot has to check and detect if the third currency (USD/CAD) is following the same trend as the second currency (AUD/CAD). If so then enter trade.
  4. Robot should also check the LFL-ATR projections – day’s High and Low for those currencies before entering a trade. Trade should not be entered if high or low of the day has been reached.
  5. Robot should also check the Spread Indicator and enter a trade if the spread is good/low.

 

At present time I check manually converge and diverge on a chart on DealBook 360 where I can enter 2 currencies on one chart. This is very good system because I can enter 2 currencies on one chart and I can see how they converge. On MT4 there is not such option.

I hope that you know what I mean after all my explanations.

I know that you will need more clarifications and explanations. Please ask.

Please let me know if you can develop such robot.

If you can not do it then please let me know if somebody else could do it.

Best regards,

John

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Project information

Budget
75 - 100 USD
For the developer
67.5 - 90 USD
Deadline
from 5 to 10 day(s)