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Multiorders Consrvative Strategy Development Request
Dear Community,
I need help to have my visual/manual trading system programmed as an EA.
My skills in programming are very limited, I am a spare-time trader and I have made quite a lot of money since I started with Forex. I used to trade with stocks and been always in trouble with this slow motion market...
Now the situation is different I trade Forex since 1 year and developed several visual/manual successful trading systems and resolved my financial situation finally!!!
One specifically is the one that I have described below, it works with all the timeframes and almost all currency pairs; it would be great to have it automated so that it will give me time to think to other systems or improve this one.
I don't have much time to start bulding my knowledge in programming and especially now that mpl5 is approaching I wouldn't spend so much time on learning mql4 to restart everything from scratch in few months. More than that I have seen that they are not compatible so I would like to ask to anyone that would like to take this challange to program the EA in mql4 and mql5; should you have any questions or would you like to discuss the project please contact me.
Please try to trade with this system and let me know your impressions and comments, I am really looking forward to share my knowledge with you all.
All the indicators I use are taken from different sources, I have changed just minor things to adapt them to my needs; I would like to make them all together in one EA and let it work for us:
(in case you may need I can post the files)
EA Requirements
Indicators:
EMA_color =7
EMA_color =21
(but is not necessary to have the colored version if automated)
HeikinAshiSmoothedLHM_mtf
@test_cross_newgigital slow=21; fast=7 to generate the arrows signal
GiP_!LinRegrBuf =50
RSI =14 on a separate indicator window
GiP_DoubleCCI Trend = 170; Entry = 34
Basic rule to enter the trades:
A. Condition: crossover EMA7 EMA21
B. Filter: RSI14 crosses 55 level down-->up (Buy) or 45 level up--> down (Sell)
C. Confirmation: EntryCCI crosses level 0 and TrendCCI confirms or crosses in the same direction
Advanced rule to enter the trades:
(to avoid 2 signals too close to each other, sideways trend and sudden reversal)
1. No entry order if RSI14 is between 45 and 55 when A and C are met
2. HikinAshi is on a "uncertain" situation and the EMAs are not coloring uniformely and according to trend
Order/Lots Management:
The system should open multiple orders at the same time, with different SL/TS and TP.
Example:
5 orders - EURCHF entry price short 1.5161
1st order = price 1.5161 --------SL= Bid-20 (1.5181)--------TP=Bid+10(1.5151)
2nd order = price 1.5161 --------SL= Bid-20 (1.5181)--------TP=Bid+20(1.5141)
3rd order = price 1.5161 --------SL= Bid-20 (1.5181)--------TP=Bid+30(1.5131)------@ 1st & 2nd closed move the stop at entry price and start TS
4th order = price 1.5161 --------SL= Bid-20 (1.5181)--------TP=Bid+40(1.5121)------@ 1st & 2nd closed move the stop at entry price and start TS
5th order = price 1.5161 --------SL= Bid-20 (1.5181)-------- no TP ------@ 1st & 2nd closed move the stop at entry price and start TS
(these rules can be also integrated with other consolidated strategies or ideas, FEEL FREE TO DO IT!)
Other considerations:
It happens that the price moves above the EMAs but as long as there is no EMAs crossover it is possible to stay in the trade; it should depend on personal trading “taste” and targets.
When price is moving above the EMAs keep the trade as long as the EMAs are not crossing over; normally in this situation there is a range forming and can be either traded as range and breakout.
In this case the indicator GiP_!LinRegrBuf generates the regression lines that help to identify the trade (probably this will continue to be a manual operation unless evaluate to implement reversal orders at regression bands)
The attached screen-shot is an example of the last 2 trading days of last week.
Thank you all
G.enio
Switzerland
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