Create simple EA

MQL4 Experts

Job finished

Execution time 2 hours
Feedback from customer
Great developer, fast and good job.

Specification

Hello,

To satisfy the trading condition, there are two separate rules. Firstly the current bar must have broken a new high (low for sell). Secondly the candle pattern must have risen (fallen for a sell) by an amount equal to a break range over a set number of bars.

Buy side trading rule
1) Last bar breaks new high over last N bars
2) Gain over last N/2 bars > Break Target %

Sell side trading rule
1) Last bar breaks new low over last N bars
2) Gain over last N/2 bars < –Break Target %

Only closed bars are considered – that is where the high/low and open/close are all known.

For example let’s suppose, N=6 bars, Break Target=0.5%.
This means I will buy when the price of the last closed bar has risen by more than 0.5% over the previous 3 bars, and the high of the last closed bar is above the highs achieved over the previous 6 bars.
I will sell when the price of the last closed bar has fallen by more than 0.5% over the last 3 bars, and the low of the last closed bar is below the lows reached over the previous 6 bars.

SL TP :
On the buy side, the take profit is set to the upper Bollinger band at the current bar. The stop is taken as the bottom Bollinger band at the same bar position.
The sell side is just the reverse. The take profit is set to the lower band and the stop loss is the upper band.

 

The parameters N, Break Target and the bollingers bands need to be alterable. Accept the job only if you understand it please.

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Project information

Budget
10 USD
VAT (20%): 2 - 2 USD
Total: 12 - 12 USD
For the developer
9 - 9 USD
Deadline
from 1 to 2 day(s)