Good morning, I would like to request the development of an Expert Advisor based on a multicurrency indicator for mt4.
The indicator is based on TSI and identifies overbought and oversold areas of each currency.
The strategy is as follows:
Strategies ENTRY:
- Overbought/oversold currencies (standard+50/-50, but external variable modifiable)
- Outer currency(ies) opposite zero
- Enter at the first drop towards zero of the overbought/oversold currency.
- 1 Oversold and 2 most opposite
- Maximum 6 trades per TimeFrame, 1H, 4H
EXIT Strategies:
- STOPLOSS: H1 150 pips; H4 250 pips.
OPTION 1) Take Profit
- Upon reaching EMA 50 I close 50%.
- On reaching EMA 100 I close.
OPTION 2) Take Profit
- On reaching EMA 50 I close everything.
MEDIATION (bool True/false)
In the event of a movement against the trade, averaging with a position 1.5 (modifiable) higher than the initial lot at 100 pips from the entry point.
Maximum two trades for each currency cross
Lots in % (external variable) of the capital on the account. Default risk 1% per trade.
When writing the Expert you must be careful to write the right order according to the currencies in overbought or oversold situation.
EXAMPLE IMG
Sell EUR CAD