trabajo MQL5: Overbought Oversold indicator combined with martingale

Trabajo finalizado

Plazo de ejecución 109 días

Descripción

Tarea técnica

So, here is how it works…the EA opens the SELL (short) trade when the OBOS (over bought over sold) indicator hits the 95% mark. the EA opens the a BUY (long) trade when the OBOS (over bought over sold) indicator hits the 5% mark. All thse are in M1 timeframe. If the trade goes the wrong way, it is going to use martingale to recover the trade.

The user will specify a TP…there will be no SL.

The user will also specify starting lot size.

The default TP should be 7 pips (70 points)

Suppose you opened a long trade (that means it hit the 5% mark on the OBOS) and the trade hits the TP and closes, wait until it hits the 95% mark before you open the next set of trades. Otherwise when the OBOS is hovering around the 5% mark several times, it will open multiple trades…

Similarly, Suppose you opened a short trade (that means it hit the 95% mark on the OBOS) and the trade hits the TP and closes, wait until it hits the 5% mark before you open the next set of trades.

Suppose you opened a long (that means it hit the 5% mark on the OBOS) but we haven’t hit the TP yet, then don’t open new set of trades when OBOS hits the 95% mark.

In other words, for a given currency pair, there should only be one set of trades at a given time. When I say ‘one set of trades’ , all related martingale trades are considered as ‘one set’

For martingale use a grid of N pips….

When the trade goes N pips the opposite way, open the first step martingale trade X times the initial lot size, and move the TP to an averaged TP for both trades (the original trade and the martingale trade- taking into account any spreads and swaps). So, if the original TP was 7 pips… if I get a profot of 7 pips worth $$ through one set of trades, it is fine. But please remember to take into account any swap and spreads.

When the trade goes another N pips the opposite way, open the second step martingale trade X times the original trade, and move the TP again to an averaged TP for all 3 trades (the original trade and the 2 martingale trades- taking into account any spreads and swaps)

You keep going like this until the TP is hit…

The user also defines a max lot size… so when you keep increasing the lot size…if the calculation exceeds this max value, just use the max value…after this point, obviously the size of all new trades will be at this same max value.

I need an added element for this EA. Instead of multiplying lotsize each time, I may want to increase with a step size… so rather than multiplying, I will be adding.

So at the start, the EA should ask…Lot_size_Muliply_or_Add with a options from the drop down menue= “Multiply” and “Add”.

If multiply is chosen it will be like described below and the user will specify “N” which is the Multipler.

If Add is selected the user will specify “Step_size”….and the EA will add this step size each time…for example if the starting lot size is 0.5….and step is 0.2….then it will go 0.5, 0.7, 0.9, 1.1 like that until it hits the max lotsize.

For adding option also, we need to keep averaging the T.

The EA should close all trades and switch off AUTOTRADING, if the floating drawdown is above $XXX (specified by the user)

Also, without changing the newly averaged TP each time can the EA keep the number "in its mind" and close all trades for this currency pair, when it hits the new averaged TP?

Whoever can get this done soon, will get the job.

Fixed budget of $55. I want somone who can do it faster.

I will send the indicator OBOS with the desired settings.

Only thing is that this indicator repaints. So, I will put the indicator on the same window that the EA is running in, and then the EA should read the CURRENT of teh indicator from the live chart and work with it.

If you hav eother suggestions for spotting over-bought and over-sold other than this indicator, then I am open to your ideas.

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Información sobre el proyecto

Presupuesto

55+ USD

Para el ejecutor

49.5 USD

Plazo límite de ejecución

de 1 a 2 día(s)

Calidad de la tarea técnica
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