Fully Automated Momentum Pullback Trading EA with Customization Parameters

Trabalho concluído

Tempo de execução 5 dias
Comentário do cliente
Jamil is professional and prompt in his questions and reply. I will definitely assign more projects exclusively with Jamil.
Comentário do desenvolvedor
Good customer.... Hope i will get more job from him.. thank you..

Termos de Referência

This strategy is fairly simple and is based on a trading with momentum on a pullback. This strategy requires the calculation of other indicators:

1. Modified MACD 3/10 Oscillator by Linda Raschke.

2. Elders Impulse System

3. ATR Band


1. The idea of the trading system is as follows: market entries are performed when there's a new momentum high MACD reading and wait for a pullback before entry.

2. Momentum is determined by: the 3/10 oscillator hitting it's 20 days average highest or lowest.

3. Trading Signals:

  • Buy signal: When Elder impulse system turn green candle on close. Enter immediately on next bar open.
  • Sell signal: When Elder impulse system turn red candle on close. Enter immediately on next bar open.


4. Positions are closed using risk to reward profit targets or ATR stop band.

5. Positions are opened at the market price, when a new bar emerges. The Expert Advisor is to be tested using Open prices, so there is no need to add functions for disabling operations inside the bar.

6. Position management

Position size is based on % of account balance and stoploss is based on ATR using the ATR band.


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Informações sobre o projeto

Orçamento
50 - 70 USD
Desenvolvedor
45 - 63 USD
Prazo
para 5 dias