200 EMA Multi-Timeframe Forex Strategy Robot

MQL4 Indicators Experts

Job finished

Execution time 19 days

Specification

TIMING OF PROJECT: please do not respond unless you can fully understand what it is i am looking for, can execute on it, and be done in a 4 days. Thank you.

Currency Pair: Any/all

Timeframes: I need the daily, 4hr and 1hr timeframes for this strategy.

Forex Indicators: Only 200 EMA

STEP1: first, place 200ema on daily chart. See if its and uptrend or a downtrend. The daily chart  determines the main trend.

Step 2: next switch to the 4hr chart and see where the 200ema is relative to the price. Is it in the same trend as the daily chart?

Step 3:  next is to switch to the 1hr chart and check if the 1hr chart is in the same trend as the daily and the 4hr charts. Then wait for price to come to the 200ema and then trigger trade when the price bounces 10pips off 200ema line.  

Step 4: Place stop order 15 pips below the the low of the bearish reversal candlestick or if bullish place a stop 15 pips above above the high of the bullish reversal candlestick patern

Step 5: Place the take profit 5 pips below the high (bullish) on the 1hr chart opposite for a bearish trade.

Step 6: If the position is in profit use trailing stop technique to move stop loss behind behind each subsequent swing low or high as the trade moves in my favor to continue to lock in profits as price travels towards the take profit level.


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Project information

Budget
35 - 55 USD
For the developer
31.5 - 49.5 USD
Deadline
from 1 to 4 day(s)