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Job details in ONE LINE Summary:
"I would like to run positional trade using Supertrend with 1 to 3 Risk/Reward and any signal generated for buy and sell should be written in Text file format in any C drive directory. "
Job details:
(Please note that I am looking to produce a TXT file for each signal to use that file for ROBO SOFTWARE that can read the file and place an order.)
The Supertrend is feely available on net. You can get both MT4 and MT5 free from here or see attachment on this job posting.
https://www.marketcalls.in/wp-content/uploads/2012/08/Supertrend.zip
OR
https://www.mql5.com/en/code/10851
What I am looking to change modify on this indicator:
Modification -1 - Add Buy/Sell Indicator in Supertrend indicator.
This is the current state (Please see attahced Picture_1).
I want to add AERO with Green for Buy and Red for Sell as
soon as the line cross the price as per attached Picture_2.
Modification -2 – When the AERO or BUY/SELL generated and that candle close below/above that GREEN or RED line, the second candle opening price is consider as BUY/SELL signal price. This will shows on chart and that price consider as Buy/Sell Signal and produce TXT file (As attached format) in local directory for each script or ticker.
Let’s take an example:
As soon as the price moves down the green line on first candle of 2/26, the RED aero created. This consider as SELL signal. Now the Expert Advisor create a TXT file on any local directory as per below format with the opening price of the second candle after the AERO one.
File Format- .TXT
File Name- Script_Signal
Example- NIFTY_Signal
In the File- Timestamp in number format: Script name produced a Sell Signal at Price
Example- 1504553073: NIFTY produced a Sell Signal at 100
Modification -3
Add Risk/Reward
ratio- that should be editable in parameter or add 1:3 Risk:Reward
Example- If the NIFTY Sell signal produces at 100 prices in last signal at 10 PM.
The TXT file created with below info:
2200000000: NIFTY produced a Sell Signal at 100
Now the Risk/Reward is 1 to 3 means it start tracking two conditions. If the price go below 99 (1% of 100) or 103 (3% of 100) it will produce signal that can delete the first listed info in TXT file and replace with below info:
In SL or 99 price condition at 11 PM:
2300000000: NIFTY produced a Buy Signal at 99
OR
In Target Price or 103 price condition at 11:30 PM:
2330000000: NIFTY produced a Buy Signal at 103
Modification -4 -If any above RISK/REWARD did not happen and Simply the Trend change from SELL to BUY, it will produce the BUY signal with double word in TXT file.
Example-
Currently we are running on Sell trade and now the Buy signal generated, it will produce below:
2300000000: NIFTY produced a Buy double Signal at 99.5