This EA uses Z-score to determine where to enter 2 opposite trades for buy and sell for 2 different correlation currency pairs. It can be set to enter single or multiple trades from 4.5 to -4.5 Z-score level when the price moves across it. A related indicator can be attached to see the movements of the correlated pairs moving across the Z-score levels.
(Refer to Screenshot 1)
Let’s assume a single entry point is set at 2.5 and -2.5 for both currency pairs.
The EA must be attached to the chart of the original currency pair and key in the 2nd currency pairs in the input setting called Pair2. When either 1 of the currency pair touches 2.5 or -2.5, both currency pairs would enter a Buy and a Sell at the same time.
However, after the EA enters a trade from above the Z-score level (-2.5 at the bottom) for a buy, the price sometimes went far below resulting to stop loss triggered or high floating loses. Vice versa for sell position at the top.
The EA also has options to set for closing the ongoing trade at default 0.5 and -0.5 for both correlated currency pairs. This sometimes resulted to trades prematurely closed at a lost, even when the setting adjusted to 0 (zero) for both currency pairs. This makes the setting “ CloseHighAtLevel & CloseLowAtLevel” unnecessary.
Contact me to obtain the screenshot, existing EA & indicator.
Modification:
1)To modify the EA to serve the following functions:
EA to enter a trade from below (instead of above) across the Z-score levels for a BUY position (TICK) as shown in screenshot A. The same principle applies to enter a SELL position from above (instead of below) across the Z-score levels.
2)To include, exclude & amend texts in RED
| | EA INPUTS | |
| | VARIABLE | VALUE |
| | Period | |
| | Pair2 | |
| | Invert2 | |
| | lots | |
| | HighLevelValues | |
| | LowLevelValues | |
| Exclude | CloseHighAtLevel | |
| Exclude | CloseLowAtLevel | |
| Amend texts only | "note" amend to | Select: 1=Count by basket, 2=Count by level |
| | NOTE 1 - MODE OPTION | |
| Amend texts only | "TP Mode" amend to Mode | |
| Include | NOTE 2 - TYPE OPTION | Select: 1=Count by pip, 2=Count by amt |
| Include | Type | |
| | TP | |
| Include | Profit Trailing | Allow to select: True/False |
| Include | Trailing Start | |
| Include | Trailing Stop | |
| Include | Trailing Step | |
| Include | SL | |
| Include | GENERAL | --------------------------------------- |
| | Slippage | |
| Include | Max Trade | |
| Include | Magic Number | |
| Include | TRADING HOURS | ---------------------------------------- |
| Include | Hour Start | |
| Include | Minute Start | |
| Include | Hour End | |
| Include | Minute End | |
Solicitudes similares
Hi dear developers and coders. I need some help to modify an indicator. I is the solar winds joy indicator. I use it for a strategy, and it works fine. But it repaints when price start to move in opposite direction. I has a smooth value. But when it is set for example to 5, then it can happen, that it paints 5 bars back. I look for a modification, that will change this. Whenever a bar is closed, the indicator should
I would like to develop my own indicator on metatrader 4 and tradingview. We would start with a basic version that we would improve later. It is an indicator based on several analyses and which would provide several indications. I am looking for someone who can develop on MT4 and Mt5, initially I would like to do it on mt4 and then on mt5. If you have expertise in pinescript it is a plus because I would like to
I urgently require swift assistance to convert a complex indicator into a fully functional scanner, capable of automatically sending real-time data, alerts, and notifications via email, ensuring seamless integration and prompt delivery of critical information to facilitate informed decision-making and timely action
I need to improve the code of an indicator that is too heavy and slow when running and when used with iCustom in an EA. No other changes to the indicator are requested: the original features of the indicator should remain as theay are. I'll provide the indicator after job acceptance. I request final source code mq5 file. Thank you Regards
I have a mt5 indicator that is working perfectly but I will like to make it an expert advisor to have an automated trade. I will be glad if I can get a well experienced developer to execute this project. Thanks
O TRABALHO CONSISTE NA MUDANÇA DO HISTOGRAMA DO INDICADOR TREDN DIRECTION AND FORCE DSEMA SMOOTHED PARA O HISTOGRAMA DA FOTO ANEXA, OBEDECENDO AS TRES CORES VERDE (UP, VERMELHOR(DOWN) E CINZA(TREND). O MESMO TEM QUE ODECER O MESMO CALCULO E COLORIR DA MESMA FORMA POREM COM HISTOGRAMA DDE FORMATO DIFERENTE
If you are knowledgeable in hedging strategy we can chat. I created my simple EA using Fxdreema , so you only need to modify it for me. There are two parts of the EA , 1. Is the execution strategy 2. Is the money management strategy (hedging). I already created number 1 which is the execution of trades , I only need someone who can implement hedging in every orders the EA create. Additional Parameters needed. Trade
We are interested in a TradingView indicator that reads candlestick pattern shapes and shows the location of entry and exit points on a candlestick chart. What services do you provide related to this
Hello Im looking for professional trading developer who htf ready made trading with best and working strategy with low risk level with average of 30 to 60 percent profit margin, broker is not problem, any broker is welcomed and any trading pairs are welcomed as well
the sl doesnt work i want the tp logic to remain i need the trend direction fucntion tow ork i the trend is up then only buys if down only sells i need the fibo nacci fucntion to work as well and the flat zone function to work as well and i need the code to trade 1% of the balance //+------------------------------------------------------------------+ //| US500_EA.mq4 | //|
Todos los encargos
Reglas
