Multi-time frame analysis EA

Multi-time frame analysis EA

EA That can do multi-time frame analysis. Analyzing RSI values from 3 charts (timeframe) to make a trade on the chart it’s applied to.

Example. EA to buy when RSI is equal or below 60 on the 5 min charts (applied chart) when RSI on the H4 & Daily charts are equal or above to 60 

Or

EA to sell when RSI is equal or above 40 on the 5 min charts (applied chart) when RSI on the H4 & Daily charts are equal or below to 60 

The EA becomes non-functional when 4 hourly value crosses above or below a set MA. (Despite the chart the EA is applied to)

More criteria are required on the applied chart in addition to the RSI. (Optional in the context below mean that the criteria may be set to be operational or not).

1) Stochastic baseline value is below or above a value..... (Optional)

2) Stochastic baseline crosses above or crosses below stochastic signal line (optional)

3) Buy or sell when price is below or above a set MA (optional)

4) Set stop loss and take profit function

5) EA can make multiple trades (with 3 conditions)

ü      User can set the Maximum numbers of trades that the EA can make. 

ü      User can also set number of bars before the EA can enter a second/next trade.

ü      User can also set the a minimum value (positive or negative value) that the last trade must attain make before a new trade can be entered by the EA

6) When multiple trades are on. The user can set a value (positive or negative value) that all trades must be closed. Example if the EA enters 2 trades- the value of the trade sum can be set at +10. Once the sum of the 2 trades reach  +10 both trades are closes. (Optional)