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Convert Indicators To EA For 4 and 5 Digits Brokers MT4

This project received 19 bids from talented freelancers with an average bid price of $87 USD.

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Total Bids
19
Project Description

THIS EA WILL BE PROGRAMED TO OPEN TRADES ONLY AND NOT TO CLOSE TRADE AND IT CAN BE USED ON ANY TIMEFRAME.


The EA will use 2 indicators (I call them indicator1 and indicator2). Please see the attached image to see how the indicators are displayed on the chat.



The Indicators:

1. Indicator1 prints the small RED or BLUE Arrows on the chart.

2. Indicator2 prints the 3 RED or BLUE Lines together with the big RED or BLUE Arrows on the chat.



VALID ENTRY RULES:

1. SHORT when indicator1 shows RED Arrow and indicator2 shows RED Arrow and 3 RED Lines. Any one of them may come first but all these must complete to make a valid SHORT entry.

2. LONG when indicator1 shows BLUE Arrow and indicator2 shows BLUE Arrow and 3 BLUE Lines. Any one of them may come first but all these must complete to make a valid LONG entry.



OTHER CONDITIONS:

1. If there is SHORT trade not yet closed on a currency pair the EA is attached to and there is another confirmed SHORT signal on same currency pair, the EA SHOULD NOT execute the newly generated SHORT trade.

2. If there is LONG trade not yet closed on a currency pair the EA is attached to and there is another confirmed LONG signal on same currency pair, the EA SHOULD NOT execute the newly generated LONG trade.

3. If there is an open SHORT trade on a currency pair the EA is attached to and there is a confirmed and valid LONG signal on the same pair, the EA should execute the newly generated LONG trade provided there is no open LONG trade position on the pair.

4. If there is an open LONG trade on a currency pair the EA is attached to and there is a confirmed and valid SHORT signal on the same pair, the EA should execute the newly generated SHORT trade provided there is no open SHORT trade position on the pair.

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