AN EXPERT ADVISOR for an automated

MQL4 Experts

Termos de Referência

Using 

1- Bollinger Band with this setting

   -Period 20

   -deviation 2

   -Shift 0

   -Apply to-close. 



2- RSI

  • Period 14

  • Apply to-close

  • Levels 30 and 70


3- stochastic Oscillator 

  • 5,3,3. Low/high, simple

  • Levels 20 and 80


4-Candle stick

  • Price action


5- average true range ATR

  • Period 24.


Condition for entry


Buy entry. 


When a bearish candle close below the lower Band of BB, RSI  equal or lower than 30, Stochastic equal lower than 20. Once this 3 conditions are met take a buy trade. 


Sell entry


When a bullish candle close above the upper Band of BB, RSI equal or higher than 70, Stochastic equal or higher than 80. Once this 3 conditions are met take a Sell trade. 



TP


Use the ATR value. ATR*5 or ATR*3


SL


Use the ATR value. ATR*2 or ATR*


Other setting


1 - Add trailing stop. Using every 2*ATR value movement towards TP value, SL moves also. 


2 - Android notification on every entry. 


3 - sensitive to news.


4- maximum amount of running trade at a time. 


5- lot size per trade. 


6- subscription rights.



This process should be automated. On mt4 and mt5


Pls note all the condition Set on parameter should be made adjustable from settings.  


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