I need a EA/auto trader based on Moving Average

MQL4 Experts

Termos de Referência

I need an EA to trade based on Moving Average. 

Inputs:

1. MA Selection (User should be able to provide MA type like simple, Exponential and weighted and MA length like 5, 10, 20, 50 etc.)

2. Lot size

3. Take profit

4. Stop Loss 

Strategy:

If the candle closes above the EMA, Buy/Long order should be placed  (Short/Sell order should be closed if already in Open). If the candle closes below EMA, Short/Sell order should be placed (Long/Buy order should be closed if already in Open)

Example Scenario:

Scenario 1: Previous Candle closed above EMA:

EA should place Buy/Long Order with TP and/or SL

Exit Criteria 1:

Order will be closed once it hits TP/SL. In this case EA should wait until the direction is changed i.e. candle closes below EMA to place Short/Sell order

Exit Criteria 2:

EA should close the Buy/Long position once the candle closes below EMA ( and should place Short/Sell order)


Scenario 2: Previous Candle closed below EMA:

EA should place Short/Sell Order with TP and/or SL

Exit Criteria 1:

Order will be closed once it hits TP/SL. In this case EA should wait until the direction is changed i.e. candle closes above EMA to place Buy/Long order

Exit Criteria 2:

EA should close the Short/Sell position once the candle closes above EMA ( and should place Buy/Long order)


Please let me know if you need more details to understand the strategy

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