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Hello,
I am looking for an MT4 expert adviser that uses the EWO (Elliot wave oscillator indicator, which I will provide) along with 3 options to pick.
The expert adviser will be in "long mode" when EWO is positive and "short mode" when EWO is negative. It will open longs and close all shorts (if
any) when EWO goes positive and it will open shorts and close all longs (if any) when EWO goes negative.
Expert adviser only updates after each candle-bar close. Trades will happen at the open of next candle-bar.
Option 1 (EMA - Exponential Moving Average):
In long mode with long open - close long when EMA value less than previous candle-bar EMA value or trailing option is true (if selected on the extra options).
In long mode with no long open - open long when EMA value more than previous candle-bar EMA value.
In short mode with short open - close short when EMA value more than previous candle-bar EMA value or trailing options is true (if selected on the extra options).
In short mode with no short open - open short when EMA value less than previous candle-bar EMA value.
Option 2 (Previous Candle-bar price action):
In long mode with long open - close long after first red candle-bar or trailing option is true (if selected on the extra options).
In long mode with no long open - open long after first green candle-bar.
In short mode with short open - close short after first green candle-bar or trailing option is true (if selected on the extra options).
In short mode with no short open - open short after first red green candle-bar.
Option 3 (RSI - Relative Strength Indicator):
In long mode with long open - close long when RSI value goes below "x" or trailing option is true (if selected on the extra options).
In long mode with no long open - open long when RSI value goes above "x".
In short mode with short open - close short when RSI value goes above "x" or trailing option is true (if selected on the extra options).
In short mode with no short open - open short when RSI values goes below "x".
Extra options:
Long mode only, short mode only or both.
Exit on Friday at an "xx:xx" time option.
Normal stop loss and take profit option.
Trailing stop based on the previous candle-bar low minus an "x" amount of pips (if in long mode) or trailing stop based on previous candle-bar high plus an "x" amount of pips (if in short mode).
Martingale option based of % of lot size. Example: if lots are set to 0.10 and martingale value is 1.1, then next order if loss is 10% more... meaning 0.11 lots. If lots are set to 0.10 and martingale value is 0.9, then next order if loss is 10% less... meaning 0.09.
I might be missing some small details but I tried to make this as clear as possible. For any clarification, please contact me :)