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I found this indicator and it has some great value in finding entries and exits. I'm a novice programmer and didn't have much luck with this. If someone could translate this VT code to an MT4 indicator I'd greatly appreciate it. The VT code is there.
I've been trying unsuccessfully to obtain a simple EA.
I've tried coding it myself but my skills are pretty limited.
Here's what I want it to do:
Consider the Order window (F9) in Metatrader..
In addition to the expiry date/time, imagine there's another option that determines when the trade(s) is placed. That's it.
An EA that will accept stop orders (maximum 4); date/time of entry, date/time of expiration for each order.
I need EA for this mid term system,which uses H1 chart. Any help would be highly appreciated.
Use 1H chart
50 sma(red)
21 ema (green)
RSI 21
Long trade Rules;
Entry: after the double bottom when the trend reverses and price moves >= 30 pips above 50 ma, 50 ma is slanted upward or flat, the 21 ema crosses upward through 50 sma and the RSI is above 50, go long.
Stop loss: Use 50 pips trailing stop
Exit: When price stops upward movement, double top and bearish reverse bar and 21 ma penetrates down through 50 ma.
Short trade rules ;( opposite of the long trade)
Entry: after the double top when the trend reverses and the price moves >=30 pips below 50 ma, 21 ma crosses downward through 50 ma and RSI crosses below 50, go short
Stop loss: 50 pips trailing stop
Exit: when price stops downward movement, double bottom and bullish reverse bar and 21 ma penetrates above 50 ma
I would appreciate if more experienced traders, when EA is developed, test and make suggestion for its improvement.