Stochastic and Moving Average based robot with grid-based hedging function

MQL4 Experts Forex

Job finished

Execution time 105 days

Specification

Manual entry and Automatic entry based on Stochastic and Moving Average criteria.

Automatic entry:
The robot should enter a trade on the direction indicated by two moving averages on a specific time frame, the entry trigger is based on a stochastic indicator indicating overbought or sold on a specific time frame. The trade exits when the predefined Take Profit is reached or Stop Loss is hit (if hedging is not enabled)

- the Moving averages should be configurable in the EA input settings (Period, Shift, MA Method, Apply to, and the time frame)
- the stochastic oscillator should be configurable in the EA input settings (K period,D period, Slowing, Sell level, buy level, time frame )
Once a trade has been placed no further trades can be placed until TP, SL is hit, or the hedge exits.

Manual entry:
If manual entry is selected the trade can place the initial trade then the EA takes over the trade management based on the TP, SL or Hedge settings.

Hedging functionality if enabled:
When a trade goes against the initial direction by X pips an opposing trade of the same lot size as the entry is placed creating the hedge.
For every x pips against the initial hedge level another trade is placed with a lot size of the previous level plus an increment. The same is true if price reverses back into the opposing side of the hedge.
There should be x pip difference between levels (taking into account slippage)

The basket of trades in the hedge will be closed once the basket of trades are x pips in profit.

Options:
1) The EA should be able to have have a SL set by trader or enter a hedge.
2) TP and hedge levels can be either market orders or pending orders.
3) A trailing stop function should be available.

I need the parameters configurable in the input settings as this will allow for better optimisation.

Hope this description is helpful.

Kind regards

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Project information

Budget
80 - 120 USD
For the developer
72 - 108 USD
Deadline
from 7 to 21 day(s)