PIVOT&MA strategy

MQL4 Experts

Termos de Referência

SFG PIVOT&MA v.1
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one indicator - Daily pivot points

 
Settings:
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Trade Comment: XY
Magic Number: 123456

LOT size: manual or %

First level: pivot point(0),S/R 1,S/R 2,S/R 3 (it means, that I could set that first level to open any trade couldn't be pivot point but for example S3/R3 so this level will be LEVEL 0 in size)
             Also there could be if I set LEVEL1 lot size to 0lots and LEVEL2 with 0.01, EA will ignore level1 and LEVEL2 will be automaticaly first level. The same for other levels.
             If I set any level to 0lots, EA will ignore this level and open trades on next level without any error message in journal.

 
LEVEL 0: 0.01 or %
LEVEL 1: 0.02 or %
LEVEL 2: 0.03 or %
LEVEL 3: 0.04 or %




Minimum Distance: pips (if Minimum Distance=10pips it means that if there is any BUY trade already opened, new trade shouldn't be less then 10 pips below last trade & ONLY BELOW - NOT ABOVE, viceversa for SELL trades)

Pivot Distance: pips (pips to early open trade. Fo example, if it is 10 pips it means EA open BUY trade 10 pips above every pivot level and not exact on pivot line, for SELL trade 10 pips below every pivot level.)

BASKET profit: disable or $
BASKET loss: disable or $

Standard SL: pips
Standard TP: pips
Trailing SL: SINGLE or ALL TRADES (in one direction) together. = positive pips


MA filter HTF: timeframe & period, type etc.. (MA filter for higher timeframe) If there is a trade signal on actual TF, price has to be also above/bellow MA on higher TF.
MA filter ATF: timeframe & period, type etc.. (MA filter for actual/chart timeframe)

 

MA SL: disable / enable ATF / enable HTF (close all trades if price cross MA on actual TF / higher TF, no matter if in profit or loss)

 
ALARM: pop up, email (new open trades date&time/PAIR/PIVOT number/SIZE, close trades with info about pair&profit/loss)


OneTradePerDay: enable/disable (If there is already closed trade or trades at the same day and in settings is OneTradePerDay=enable, do not open new trade at this day. Wait for next day.)


Strategy:

 
If price is above MA & price touch daily pivot point level, EA open BUY trade with LEVEL 0 size (if LEVEL 0 lot size is > 0). If price goes against and touch S1 level, EA opens BUY trade with LEVEL 1 size (IF LEVEL1 lot size is > 0).
On S2&S3 level it will be LEVEL2&LEVEL 3 lot size. If there is BASKET profit disable, EA trade each of this position separately. Each of this positions has it own SL & TP (Standard SL&TP). 

There is laso trailing stop loss. If there is 10pips SINGLe it means it will trail each of position after 10pips separately. If 10pips ALL TRADES it means, it will trade after 10 positive pips in profit from all trades in one direction.


If there is a situation, that EA open for example one LEVEL 0 trade in one day and this day there still isn't profit or loss, than next day EA continue in open trades by the same rules but from next LEVEL size. 
It means, that for example, if there is a trade from Pivot point from last day we wait for touch S/R1 level actual day to open next LEVEL lot size.

Also, because indicator change pivot points, there has to be rule, that distance between last open trade and new one isn't smaller than MinimimumDistance in settings.

This ditance can work generally. No matter if during one day trades or more days trades. Distance should be everytime positive. For example, if MinimumDistance=10pips it means
that if there is a BUY trade, new trade shouldn't be 10 pips above last trade but, only below no matter if we touched next S/R level, viceversa for SELL trades..

If price touch, as first at the day, S1/S2 or S3 level and not pivot point, than EA open position with lot size of LEVEL 0 because it's first trade of the day and first is everytime in size LEVEL0.


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After this EA will be finished and tested, I will need to modify it in next project with dashboard & trading panel for semi-automatic trading.


Thanks







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