FreelanceSections

Simple Moving Average EA that will average into losing positions

MQL4 Experts

Job finished

Execution time 3 minutes
Feedback from customer
For my first request on the freelance section of MQL5, Hossein made the experience a breeze. Clearly understood what I was asking for and finished the task before the deadline.
Feedback from employee
Couldn't ask for a better customer. Thank you so much!

Specification

Needing an EA that is based on mean reversion, using a slow moving average as a gauge for deviation from the mean and a fast moving average as a trade signal. For example, EUR/USD is 50 pips below SMA 200, once price crosses above SMA 30 a buy trade is executed. Vice versa for a sell trade. Once the initial trade is placed, additional trades may be placed if price moves against us by a set number of pips and the conditions for the trade are still intact or occur again. Take profit should be calculated as a dollar amount for the total position and not based on each individual trade. Below are the input conditions that I need for optimization:

Lots:

Take Profit: (in dollar amount)

FastSMA: 

SlowSMA:

PipsAway: (distance of price above/below SlowSMA before a trade is permitted)

PipsPerTrade: (number of pips price must move against previous trade before additional trades can be placed)

MaxTrades: (max number of trade allowed before EA stops trading)

MagicNumber: (EA will run on multiple charts)



Thank you

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Project information

Budget
30 - 150 USD
For the developer
27 - 135 USD
Deadline
to 10 day(s)