Job finished
Specification
This EA uses the following indicators:
RSI
MOVING AVERAGE
Inputs
The default RSI inputs
Moving Average: True / False
The default Moving Average inputs (If True, only buys above the Moving Average and only Sells below the Moving Average.
Lot size $
Lot Size % of Equity
RSI Buy Start: 1-100 ( This is the RSI rate that must be hit first before going to the RSI Buy Finish Input rate to capture the Currency Rate)
RSI Buy Finish: 1-100 (This is the RSI rate used to capture the currency rate only if it hits the RSI Buy Start input rate first)
RSI Sell Start: 1-100 ( This is the RSI rate that must be hit first before going to the RSI Sell Finish Input rate to capture the Currency Rate)
RSI Sell Finish: 1-100 (This is the RSI rate used to capture the currency rate only if it hits the RSI Sell Start input rate first)
Captured Currency Rate Difference: This is the number of pips away that the first captured rate has to be away from the second capture rate plus(buy side) or minus(sell side).
Stop loss
Take Profit
Trailing Stop
Trailing Stop Close All: True / False (If true - The trailing stop follows the first trade and once hit any other trades added on that side(buy or sel) of that trade are closed as well) (If False - Each trade has its own trailing profit)
Add Trades: True / False ( Adds additional trades each time the criteria is meet)
Chart Display
Buy Side Rate 1
Buy Side Rate to Trade (Add the “Captured Currency Rate Difference”:input from above to the “Buy Side Rate 1”)
Sell Side Rate 1
Sell side Rate to Trade (Subtract the “Captured Currency Rate Difference”:input from above to the “Sell Side Rate 1”)
Current RSI rate
Current Currency Rate
Real-time P/L for that currency Pair
The system will start by reading Moving Average(if true/activated) if the current rate is above the MA it looks to buy, if the current rate it below the MA it looks to sell. Then the system will follow RSI and once it hits the “RSI Buy Start” or the “RSI Sell Start” value, it captures and records the Currency Rate at that moment. The system then proceeds to monitor RSI again, and once RSI hits the “RSI Buy Finish” or the “RSI Sell Finish” rate it then looks to see if it matches the “RSI Start” rate plus or minus the “Captured Currency Rate Difference” value. If everything meets the criteria a trade is then placed. Once the trade is placed the first captured “RSI Buy Start” or “RSI Sell Start” currency rate is replaced with the new rate that produced the trade. This repeats itself until the trades are all closed or if 1 candle closes on the opposite side of the Moving Average.
Note: The captured and recorded “buy start rate” and “sell start rate” goes away if 1 candle closes on the opposite side of the Moving Average line, restarting the process from the beginning.
Buy side example: If the “RSI Buy Start” is 50 and the “RSI Buy Finish” rate is 70, with an “Captured Currency Rate Difference” of 100 pips, once the RSI rate comes from 50 then up to 70 it captures a currency rate of 1.10000(“Buy Side Rate 1”). Now with that rate captured we go back to following the RSI movement again. RSI once again comes from 50 and hits 70 again, The Currency rate now is 1.10200, making that 200 pips higher than the previous rate. This is 100 pips higher than the “Buy Side Rate to Trade”(1.10100) which was only 100 pips higher then the (“Buy Side Rate 1”). So a buy trade is now placed. The previous “Buy Side Rate 1” of 1.10000 is deleted and replaced with the new trade rate of 1.10200 continuing the process.
The sell side works the same way but instead of adding the Inputs, it subtracts them.
Please make sure you understand everything above before applying for the job. If some parts are not clear please ask questions.
Thanks in advance for your time am looking to do more work in the future.