Expert based on Multicurrency Indicator mt4

[jackaubray]

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

[Apprentice]

Your request is added to the development list.
Development reference 636.

[Apprentice]

TSI.mq4

(5.6 KiB) Downloaded 102 times

TSI_Multicurrency_EA.mq4

(186.07 KiB) Downloaded 105 times

Try this version.

[jackaubray]

thanks! but this is based on tsi, the momentum index i attached instead represents the single momentum of a currency compared to all others. Is it not possible to use the indicator I attached in the first message?
thanks again for the work!

[jackaubray]

one last thing, testing it I noticed that it does not open short positions, can you check?

[Apprentice]

Your request is added to the development list.
Development reference 672.

[Apprentice]

Momentum_Index_EA.mq4

(186.84 KiB) Downloaded 108 times

Try this version.