FxDynamics.EA

MQL4 Experts

Specification

Hi. I would like to automate an EA based on this youtube video.

https://youtu.be/0zaiR9aOBZM

The indicator used for this strategy are
1)Ema200
2)Ema50
3) Price action W or M formation

From the youtube video given, the trader will determine first the trend direction.

If Ema200 is above Ema50, EA will look to SELL.

If Ema200 is below Ema50, EA will look to BUY.

When will the EA open up a buy order or sell order?

If W formation was seen and close above an EMA, EA will open BUY.

If M formation was seen and close below an EMA, EA will open SELL.

SL placement will be place as per video instruction. Above M structure for Sell. Below W structure for Buy.

The EA should ask users to input certain parameters.

1)Insert Risk %?

If users insert 2%, EA will open the desired lot size taking into consideration if trade went SL, users will only lose 2% of equity.

2)Allow Martingale?
If users click YES, EA will be smart enough to open a martingale risk % if trade #1 hit SL. 
On trade #2, EA will open a 4% risk.
On trade #3 , EA will open a 6%risk.
On trade #4, EA will open a 10% risk.
On trade #5, EA will open a 20% risk.
ONLY ALLOW EA TO OPEN MAX 20% risk.

Trade 2 to trade 5, EA will not count on the current equity but EA will count the equity from Trade #1.

If users click NO martingale, only open lot size trade based on the risk given.

3)Reward Ratio?
Users will need to insert
Reward 1: 2 ?
Reward Open?

To count the reward, EA will have to count the risk factor. If EA open a trade with an SL of 30pips, if users click onto reward 1:2, Tp will be set at 60 pips from entry.


Please get back to me on the quotation with the EA.
Would really hope you can watch the youtube video as all the trade setup, the do and don't are shared.

Thank you.

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Project information

Budget
50 - 100 USD
For the developer
45 - 90 USD