All orders
Rules
Specification
Hi everybody! I have had to post this job again, as I cannot find my other post.
I would like a trading algorith created which I can use in MT4. There are a number of requirements that must be met and they are as followed:
All figures are an example, and not exactly what I want. The figures will be different when I give you then.
- Must work on all currencies
- I want horizontal levels at every round numbers so in this case 00 and 50 levels
- I would want a smoothed moving average of 100
- This trading robot must only work on the daily time frame
- Trailing stoploss
- Risk management as I only want to risk 2% of my capital each position that is opened
- A position is opened only on the CLOSE of the daily candlestick
- I only want to enter trades if the candlestick is an 80% + close of a body (pictures attached)
- If price is ABOVE the moving average then I only want to look for BUYING positions and if the price is BELOW the current price then I would only want to look for SELL positions (pictures attached)
- Must have a rectangle tool around EVERY round number level. I want the rectangle 50 pips above and 50 pips below my level (pictures are attached)
- Trades are placed with a strong break above or below the rectangle zone (pictures attached)
RULES FOR ENTRY
1. If the current price is above the moving average then I only want to even think about buying and if it is below the price I will only be looking to short. Pictures attached
2. If we are looking for buying opportunities then the price must close above resistance, and if we are looking for selling opportunities then price must close below the support.
Pictures attached
3. The candlestick on the close must have at least a body of 80% above the resistance zone not level if we are buying, and if selling then I would want a candlestick with a 80% body breaking through my support zone.
CANDLE HAS TO CLOSE ABOVE THE ZONE ALL TIMES, NOT THE ROUNDED NUMBER FOR SUPPORT OR RESISTANCE.
Pictures attached
4. Trade is entered and if we are in a buy then our next target is 20 pips below the next resistance zone. If we are in a sell then the take profit is placed 20 pips above the support zone. Stop loss is placed 50 pips above the WICK of the entry candle.
Pictures attached
I would highly appreciate some responses and I would really love somebody talented programmer to do this EA for me. There is a lot of future work with me upon completion of this. Please only contact me if you are 100% sure you can do this to speed up the process.
Kind regards
