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Specification for EA – MT4
Below you will find the details of the EA which I would like built.
Name: Mean 0.4
Copyright: Paul LANGHAM Exact Trading
Parameters:
·
RSILaguerre: Thesholds: Upper and Lower
·
RSILaguerre: Take profit threshold LONG example
50
·
RSILaguerre: Take profit threshold SHORT example
30
·
Start time and an end time. Example: Start = 08:
30 End = 17:00 (Times taken from broker sever)
·
Risk: Risk will be fixed dollar amount: Example:
$100 or % of account size : Example : 1%
·
Trailing Stop: Yes/no
Rules
LONG
·
Only look to open trades between the Star/stop
time windows.
·
Laguerre RSI must be under or lower than the
LONG threshold: Example Threshold 0.10 so RSI must be under this level
·
When Laguerre RSI finally breaks above threshold(noted
in the previous step) GO LONG at entry of next bar
·
Take profit at the Threshold profit figure
defined in the parameters above: Example 50
·
Only look to open trades between the Star/Stop
time window
Rules Short
·
Only look to open trades between the Star/stop
time windows.
·
Laguerre RSI must be above the SHORT threshold:
Example Threshold 0.95 so RSI must be above this level
·
When Laguerre RSI finally breaks below threshold(noted
in the previous step) GO Short at entry of next bar
·
Take profit at the Threshold profit figure
defined in the parameters above: Example 30
Risk/Position Sizing:
o
Position size based on lot size so default 1 Lot
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