Tâche terminée
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Spécifications
We are interested in making an automatic project in Meta Trader 4 MT4 to generate an algorithm that have the below characteristics
Unemployment
Meassured in % of the expected vs actual or in numbers of persons (expected vs actual)
Forectast- Actual >0-> unemployment decrease
Forecast-Actual <0-> unemployment increased
Automatic trading robot in Only USD-G10 Crosses (mayors)
1. Only segregate unemployment news.
2. Stop Lost to be defined automatically and dynamic to be defined under the resistance band zones if price changes.
3. Automatically Trace a trending line always.
4. Automatically buy/sell (with the logic on the below).
5. CLOSE the positions buy/sells either What happens first where the tendency line is broken or at the end of the day or before where.
6. No open positions needs to be left at the end of the day.
Logic of the Robot
IF there is an United States unemployment news
· If unemployment decrease in US-> Buy USD vs the other currency (Ej BUY USDCAD)
· If unemployment increase in US-> Sell USD vs other currency (Ej SELL USDCAD)
IF there is NON United States unemployment news
· If unemployment decrease in country G10X-> Sell USD vs the other currency (Ej SELL USDCAD)
· If unemployment increase in country G10X-> Buy USD vs other currency (Ej Buy USDCAD)
General Rationale to understand better the logic
· If in Canada unemployment rate decreases that means is a positive fundamental impact for the country so the currency of the currency involved against the USD related must be strengthened (SELL USDCAD)
· If in Canada unemployment rate increases that means is a negative fundamental impact for the country so the currency of the currency involved against the USD related must be weakened (BUY USDCAD),
· If there is employment
Inputs to be set.
Risk