Specification
I would like to automate my current trading strategy. It uses a HMA indicator that changes color on change of trend. I use 2-3 different periods and/or 2-3 different time frames to gauge current trend direction/overall trend direction. I also have support and resistance/ pivot indicators that I use as Targets and stops/trailing stops.
Menu Options
1) I would like to try this EA with a hard TP and SL based on pips or % of account that I can select on the menu options of the EA.
TP- xx pips
SL- xx pips
2) I would like to be able to have up to 4 HMA's that I can change the Period for HMA and/or Timeframe and have it display on all chart timeframes. I would like to also be able to change the colors/thickness of the HMA lines. The HMA auto changes color on trend direction. Preferably RED during down trend and BLUE for up trend.
entryHMA- on/off
8 Period
15 Minutes
trendHMA2- on/off
21 Period
30 Minutes
trendHMA3- on/off
100 Period
60 Minutes
trendHMA1- on/off
200 Period
60 Minutes
3) money management options
lot size - XX.XX lots or X.X % of account ( like risk 3% of account to calculate position size / # of lots)
*This is the basic menu options I would like to start with and we can co/customize from there. I plan on optimizing it later as needed and adding more possible options in the future. ** Like possibly a pop up alert on each HMA if there are "ON"
To give you a trade entry setup with EA-
1- menu settings
>TP 5 pips
>SL 15 pips
>entry hma1 on , 14 periods, 5 minute chart
>trend hma2 on, 200 periods, 15 minute chart
>lot size 0.1% of account
2- trade entry
EUR/USD 15 minute chart
Eur/usd is going down, the trend HMA2 is RED. The entry HMA1 just changed color from BLUE (up) to RED (down). On the 2nd candle close of the entry HMA1 ( ***of the same color) enter short @ market with 0.1% of account.
(*** for further clarity, during live trading I may enter position during the 1st candle changing color, but do to indicator repainting, lets go with close of 2nd candle. I may filter later with something like " on close of second candle if length is less than 5 pips.)
Please contact me if you would be able to build this EA or have questions or advice, etc.