An Expert Advisor Based on Divergence of Two Oscillators

MQL5 Experts

Spécifications

I need an EA, based on divergence of two oscillators. In this case RSI and OBV, WITHOUT CONSIDERING THE PRICE. Let's say you have the RSI and OBV on two separate indicator chart panel. The EA will scan the RSI and OBV at the same space or point and see if there is divergence between the two oscillators and make a trade decision solely based on that without looking at the price.

The divergence could be formed by two, three or multiple of moves as depicted on the oscillators. I repeat no reference to the candlesticks price.

The screenshot attached show exactly what I am talking about. There shows five different divergence formed between the RSI and the OBV. The first is a buy, the second a sell, the third a buy, the fourth a sell and the fifth a buy divergence.


On detection or confirmation of divergence, you wait for positive candlestick to enter a trade. In case for buy divergence you wait for green candlestick before entry and in case of sell divergence, you wait for red candlestick before entry.


When a divergence occurs between RSI and OBV on a lower low, the EA picks a SELL trade

When a divergence occurs between the RSI and OBV on a higher high, the EA picks a BUY trade


BUY SIGNALS -

Divergence between the two oscillators.

If there are open Sell Trade(s), and USE OPPOSITE SIGNAL AS EXIT is True, close Sells. Then proceed to buy.

If there are open Sell Trade(s), and USE OPPOSITE SIGNAL AS EXIT is False, Do nothing.

If there are open Buy Trade(s), Then proceed to buy.

If there are no open Trade(s), Then proceed to buy.


SELL SIGNALS -

Divergence between the two oscillators.

If there are open Buy Trade(s), and USE OPPOSITE SIGNAL AS EXIT is True, close Buys. Then proceed to Sell.

If there are open Buy Trade(s), and USE OPPOSITE SIGNAL AS EXIT is False, Do nothing.

If there are open Sell Trade(s), Then proceed to Sell.

If there are no open Trade(s), Then proceed to Sell.


4. SIGNAL DIVERSIFICATION:

The Algorithm shall have the capacity to trade signals from a maximum of 30 symbols on one chart.



5. TRADING SESSION:

An Option will shut down trading program and close open trades at a user specified time on Friday.

An Option will restart the trading program at a user specified time on Sunday or Monday if it was shut down Friday.



6. DATA AND PROCESS REPORTING:

An Option will enable Alerts for trades opened


Dossiers :

Répondu

1
Développeur 1
Évaluation
(68)
Projets
111
26%
Arbitrage
17
6% / 71%
En retard
15
14%
Gratuit
Commandes similaires
The service of a coder is required to Add an indicator menu and indicator file to the existing ea The Indicator will work with already installed indicator Details of the strategy will discussed when you applies The ea will be proof on the live market before its approved
Hi, Project Description: Develop a sophisticated Expert Advisor (EA) for MetaTrader 5 that leverages custom indicator signals to execute trades with advanced trade management features. The EA should support dynamic trade entries, customizable stop loss (SL) and trailing stops, versatile lot sizing, handling of opposite signals, detailed trade commenting, and incorporate Inside Candle pattern detection along with
Overview: I'm searching for a highly skilled and experienced MQL5 coder to create an Expert Advisor (EA) based on a purchased indicator from the MQL5 marketplace. The EA should execute trades with specific trade management settings, allowing full customization for trade entry, stop loss, trailing, and lot sizes, as well as handling opposite signals. Only serious applicants should apply, as I have no time to waste
Hi, I have been working on this EA robot for days, but been busy with other things to complete. I am looking for a skilled coder who can modify an existing Expert Advisor (EA) for immediate profitable trading in all forex pairs. The finalization of the EA can then be completed within the next 1 or 2days after back testing. The source code will be shared only after the applicant demonstrates their capability to
I need a local program that copies mt5 to mt5, mt5 to ctrader, mt5 to dxtrade, mt5 to macht trade. It can't be through EA because the prop firm doesn't allow copytrading. It can't be detectable
T here is one simple robot with an open code, it can be modified - news filter, etc. I will attach the source code and the Image of the filter i want to add to the ea If you can do it, Kindly reach out to me so we can discuss about and also here is my tg handle TG: Ibiscotrader
1. Knowledge and Expertise Forex Market Understanding : A strong understanding of how the forex market operates, including currency pairs, trading hours, spreads, liquidity, and other fundamental market dynamics. Trading Strategies : Knowledge of various trading strategies such as trend-following, scalping, arbitrage, hedging, and using indicators (e.g., moving averages, RSI, MACD, Fibonacci retracements). Risk
TIME FRAME: 15 MIN LOT SIZE: 0.01 CANDLE START TIME: 2:00 CANDLE END TIME: 2:14 ENTRY BUFFER: 1 SL BUFFER: 1 TARGET $: 10 MARTINGALE % : 200 (All the above data should be adjustable) Details: 1. We have to mention candle start time and end time (ie: 4.00 to 4.59). If the candle breaks the high of the given time it should go for buy. If it breaks the low of the given time it should go for sell. 2
We need to redesign the utility to work with Discord, we need a developer who has previously worked with Discord and knows how to link sending messages from the MetaTrader terminal to Discord. I will consider your suggestions
An hft to pass prop firms sybthetic challengues fast. The bot has to be able to pass the challengues with no Dd. Please don't offer if You don't have what i post. I am not looking s friend. Ibwsnt tanto bebdone as soon as possible

Informations sur le projet

Budget
30+ USD
Pour le développeur
27 USD
Délais
de 3 à 7 jour(s)