1) Entry rule: when the moving average 150 is above the moving average 200 (and the moving average 150 already crossed above the 200 moving average), and we have a bullish arrow from stochastic (arrows appear at the candle close), we enter a Buy. And vice versa for sell.
*Picture 1.2
When the moving average 150 is below the moving average 200 (and the moving average 150 already crossed below the 200 moving average), and we have a bearish arrow from stochastic (arrows appear at the candle close), we enter a Sell trade.
*Picture 1.1
** I am attaching a template including the settings of the Moving averages and Stochastic that we want to use by default. (And the Stochastic Indicator used)
2) The signal candle has to be closed above the 200 moving average in order to take a buy and vice versa. The alert candle has to be closed below the 200 moving average in order to take a sell
*Pictures 2.1 and 2.2
3) In case of a buy: stop loss is the highest high of the last 8 candles including the current/signal candle (add +2 pips for spread)
*Picture 3.2
In case of a sell: stop loss is the lowest low of the last 8 candles including the current/signal candle (add +2 pips for spread)
*Picture 3.1
If stop loss is less than 5 pips, make it =5 pips
4) The EA calculates the distance between entry and stop loss and enter with 1% of the balance per trade
5) The take profit is always double the stop loss (-2 pips). (for example: if stop loss is 30 pips, the EA will automatically make the take profit= 60 pips)
*Pictures 5.1 and 5.2
6) When prices moves to 1/1 move stop loss to Breakeven, and wait till Take Profit is reached. (for example if stop loss is 30 pips, when the trade is 30 pips in profit, the EA will move stop loss to entry and wait for Take profit which is 60 pips)
*Picture 6
7) the EA can open multiple trades at the same time. (if we are already in a buy, and a new buy pop up, the EA will take it)
9) EA settings should include:
-Moving averages periods and methods
-Stochastic overbought oversold periods
- Fixed Risk (if true the EA will trade with fixed risk per trade)
-Risk Size (in numbers, for example if we put 1, then the EA will trade with 1% per trade)
-Fixed Lot (if true, the EA will trade with fixed lot size per trade)
-Lot Size (in numbers, for example if we put 0.5, then the EA will trade with 0.5 lot per trade)
-News filter (If true, the EA will stop trading 30 minutes before and after the news)
Hello
My name's Arif, I am an experienced metatrader programmer, I have experience more than 10 years, I have created thousands of EAs and Indicators, trust me I can do it for you, if you have any question you can discuss it with me, thanks in advance, I'll do all my best
samples of work
EA hedging with one trailing takeprofit for multiple orders
[login to view URL]
EA basket hedging with martingale
[login to view URL]
EA based on london open
[login to view URL]
EA based on renko chart
[login to view URL]
Indicator for binary option based on Metatrader using multi timeframes calculation
[login to view URL]
Kind Regards
M Arif Hidayat
$300 USD in 3 days
4.8 (99 reviews)
5.8
5.8
2 freelancers are bidding on average $400 USD for this job
Greetings,
I have gone through your project in detail, and to better understand your project lets discuss over chat so that we are on the same page and let's start working together.
Don't judge our expertise by our presence here on freelancer as we are new here, however, we are into IT from past 10+ years and there is nothing that we cannot develop. We have a team of highly dedicated & experienced developers, who are highly skilled and have a very strong hold on their field.
Working with us you will be getting a team of developers and support staff who will together work on your project to ensure best results as per your satisfaction and expectations.
Regards,
Deepak Choudhary,
Senior Business Analyst,
HikeSoftwares