Developer with good knowledge of fib retracements /price confirmation/momentum and stochastics

MQL4 Indicators

Job finished

Execution time 13 days
Feedback from customer
Professional and accommodating......very happy with the outcome...highly recommended...will use again
Feedback from employee
It gave us great pleasure to work with Tim Tim you are the best !!!

Specification

Hello 

i am looking to create an indicator-signal based around current and exisiting fibonnaci retracements and expansion, price pattern conformation, momentum and stochastics tools.

The indicator will be manual and automate signals for entry and exit points based on conditions set out below :


Name of system: JediFx Trader Retracement System

Time frame :ALL TIMEFRAMES

1.       Manually define low (Price low) and  high (Price High) using fibonnacci retracement indicator (configurable retracement levels) (basically what is there now)

2.       Stochastic indicator (as is configurable now)

3.       Momentum indicator

Long Entry

4.       Stochastic indicator must be below 20 (oversold) and crossing up (and/or)

5.       Stochastic indicator => stochastic level of Price  low assigned and crossing up (and/or)

6.       Stochastic indicator showing bullish divergence while below or slightly above 20 level (oversold level) and closing up (and)

7.       Momentum =< 0 and turning up (and/or)

8.       Momentum =< 0 and bullish divergence

9.       Price action >=< 5 pips of configured retracement level and closes above retracement level (and)

10.   Price action bar is key reversal price pattern bar (and /or)

11.   Price action is inside bar on or at retracement level

 

If conditions above are met then buy entry = entry order one pip higher than high of current bar with signal arrow up to show entry point.

STOP LOSS = 5 pips below closest retracement level of price action entry point

If Stop loss is hit then re-establish Long entry conditions at next retracement level

TAKE PROFIT= Configurable


Short Entry

1.       Stochastic indicator must be above 80 (overbought) and crossing down (and/or)

2.       Stochastic indicator => stochastic level of Price High assigned and crossing down (and/or)

3.       Stochastic indicator showing bearish divergence while below or slightly above 80 level (overbought level) and crossing down (and)

4.       Momentum => 0 and turning down (and/or)

5.       Momentum > 0 and  bearishdivergence

6.       Price action >=< 5 pips of configured retracement level and closes above retracement level (and)

7.       Price action bar is key reversal price pattern bar (and /or)

8.       Price action is inside bar on or at retracement level

 

If conditions above are met then sell entry= entry order one pip lower than low of current bar with signal arrow down to show entry point.

STOP LOSS = 5 pips above closest retracement level of price action entry point

If Stop loss is hit then re-establish short entry conditions at next retracement level

TAKE PROFIT= Configurable



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Project information

Budget
200 - 300 USD
For the developer
180 - 270 USD
Deadline
from 1 to 5 day(s)