3MA OneWayTrading

MQL4 Experts

Job finished

Execution time 83 days

Specification

 I have a simple set of parameters that I would like automate for MT4:

3 MAs where   "MAA > Increasing MAB >= Increasing MAC" a "BUY Environment" becomes Active and only Buy trades will be executed.  "Increasing" stands for the last 3 closed periods of the MA must be greater than the one before consecutively.


Once the "Buy Environment" is Active the EA will have "ENTRY SIGNALS"(EA will send a text to the trader to inform him of any trades being executed) to be triggered at given scenarios:

  1. Whenever current price = MAA
  2. Whenever current price = MAB
  3. Whenever Current price = MAC
  4. Whenever current price exceeds previous closed bar's high by 1 pip after a retracement of at least 3 bars
  5. Whenever current price reaches previous Higher High Level.

There can only be a max of 2 open positions at any given time for same entry signal, and for the 2nd entry signal to be able to open it must be at least 15 pips away from the first one's entry price.


All Entries must have a "STOP LOSS" that would be placed 3 pips below the previous Higher Low (being a Higher Low a retracement of at least 3 closed candles with a close value < the previous one) OR (3 pips below the previous Higher Low where at least 3 candles weren't able to make a Higher high)


Then the "TARGET PROFIT" will be the following:

For Entry Signal #

  1. 1:2 (Risk 1 to make 2)
  2. 1:2
  3. 1:3
  4. 1:2
  5. 1:2


I'd like to test this on a single direction first in different charts, therefore it would be convenient if I can have the ability to modify the MAs values given that it seems to be that different pairs have slightly different patterns

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Project information

Budget
50+ USD
For the developer
45 USD
Deadline
to 5 day(s)