Profitable Daily graph EA for MT4 - coder needed!

MQL4 Experts

Job finished

Execution time 17 hours
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Specification

System is traded primarily on D1 charts with high winrate of about 80%. It is based on technical indicators and sound money management.


Indicators used :

Parabolic SAR (0.03, 0.02) - parameter for optimization in mt4 tester

Awesome Oscillator 

Accelerator Oscillator (AC, Bill Williams - MT4 Built-in)

Stochastic (5,3,3)

Slope direction Line (setting of 15,3 - attached the .mq4 in attachment also with template) 


Entry conditions for Long Position

Indicators >>

AO - green

AC - green

Stochastic - between 20 & 80 level (e.g. not oversold / overbought) and blue line is above red

Parabolic SAR - is below the candle

Slope line - has blue color


Entry >> At the candle close for the day (e.g. open of the next day candle) if indicators conditions are met

Stop loss >> value of PSAR


There are two positions or profit targets

PT1 - position has SL value of PSAR and profit target is (High - Low)/2 of entry candle (fixed profit target)

PT2 - positions has SL value of PSAR and profit target is trailed according to PSAR (acts as trailing stoploss / profit target)

In any case the SL for both postion are moved based on new value of PSAR


Explenation on the picture for long entry


Entry conditions for Short Position

Indicators >>

AO - red

AC - red

Stochastic - between 20 & 80 level (e.g. not oversold / overbought) and blue line is below red

Parabolic SAR - is above the candle

Slope line - red color


SL / PT are the same like explained on the picture above for long postions


P.S. System is purely mechanical and works with FX majors. EA shoudl have also the possibility to calculate the

     position size based on % risk of account and also fixed lot size.


Best regards,


MD






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