Make indicator jRSI-3TF into an EA

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Excellent coder, he knows his work and his prices are fair. Hope to work with him again. Thanks!!

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I want someone to make this 3 time frame RSI into an EA. The price for the work is $50.00 but if you add an alert the price is $75.00 no more. What is unique about this indicator as different from other MTF RSI indicator is that u can have 3 different time frames , the same period RSI and different or the same period RSI or u can have the same TF but different period RSI and so on. but you cannot have the same period and the same TF RSI . Now have that out of the way here is how it will work. When the 3 RSI crosses above 50 or is above 50 it opens a buy position on the current candle and when they enter over bought level another position is entered of the same lot size if that option is selected. Exit all position when they exit OB. a short signal is the opposite of the above. It will also have 2 strategy options before the EA is put on a chart. The first is if when the EA is first put on a chart, and if the RSI is already above 50 or 70 it waits for one min before it opens a position(the mins can be adjusted) and the second option is to wait for the next signal to open a position. Here are the settings most of what I will list is the default settings

TF_1                     0.   0 means is the current TF if the indicator is put on a 5mins chart . 

RSI _Period_1        2

TF_2                    15

RSI_Period_2       2

TF_3                    30

RSI_Period_3        2

Refresh period in seconds 1

above was  a 5mins 2 period RSI, a 15mins 2 period rsi and a 30mins 2 period RSI.. I can use any period RSI I want., I can use only 2 TF or One TF RSI and period but it means I will change the other TF and period to zero for a different strategy for example : below is another Strategy I will be using only 2 TF RSI  60mins and 4hrs

TF_1                     0.   0 means is the current TF if the EA is put on a 1hr or 60mins chart . 

RSI _Period_1        2

TF_2                    240

RSI_Period_2       2

TF_3                    0

RSI_Period_3        0


SETTINGS  ... Default.. It can be user selected

RSI OB=70

RSI OS 30

USe RSI 50 level T/f.. If false it will only use the RSI OB and OS level Default is False

Enter opposite trades when existing OB and OS region T/F. When this option is enabled, when all the MTF RSI exits the OB region it opens a sell position and when it exits the OS region it opens a buy position ....default is True

USe closed candle 0, current candle 1

MAgic number 12345( I do not care what u put) Like I was saying because of a different strategy I will need a magic number for instance I can use a 5mins EURUSD chart with 3TF as above and a 60mins EURUSD chat with a different settings. note: If the 60mins trade is still in a buy position because the MTF RSI is still above 50 or 70, the 5mins chart cannot open a sell position because hedging will not be allowed so it will continue to open only buys as long as the 60mins chart is still actively in buy or has exited for a loss or profit.. Please keep note

Lot size 0.01

Use TP True or false. false is the default

TP 60pips

USe SL  T/F.... True is the default

SL 40pips

Use RSI as TP......... T/F..... IF this option is enabled when the  selected RSI crosses back below 50 or below ob/os for a buy trade, the position is closed for a profit or for a loss. Use either this or the TP option... This is the default 

USe Stealth mode TF

This hides the SL and TP from broker. Default is False

Show profit and loss on chart for currency pair and for all open position 

Use add to positions:   When the option is enabled the EA adds another lot of  the same lot size when all the RSI is above 70 or below 30 and exit when they all crosses back below  or above 30 

Maximum number of positions to be opened 10 default. Note. If the position size use above is 0.01 it is counted as 1 then 0.09 is counted as 9 positions

USE EA wait option T/F... Default is True

 When EA is put on chart and the MTF is already above 50 or 70 or below 50 or 30 the EA scans for 1 min and open buy or sell positions after one min(default) on the current candle

Mins before opening position =1 default

If set to false, the EA waits for the next signal 

USE CLOSE IF : TRUE/FALSE

when this option is enabled the EA closes all opened positions and stop opening any trades when account balance increases by xxx pips or decreases by xxxpips

Close if account balance increases by 100pips 

Close if account balance decreases by 75pips

https://www.mql5.com/en/code/7230       Here is a link for the indicator and the indicator is attached 


USE ALERTS T/F defaut is true. 

Alerts when a position is opened , position added, position closed for a loss or profit

In the attached charts below u can see how this will work . Look at the GBPchf using a 5mins 2tf ris , a 15mins 2tf rsi and a 30mins 2 tf rsi

A... sell entry, they all cross below 50, B... add to position they all cross below 30 and C exit both positions because they all exiting OS then immediately open a long position because they all are above 50 level as u can see towards the gap that a position will not be added because the 3 RSI did not enter OB, it was close but it did not happen. Any questions please ask. I think I did my best to explain clearly this EA







ファイル:

MQ4
jRSI-3TF.mq4
3.4 Kb

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