In Progress

MT4 indicator modification and EA to develop

The indicator attached (it is a spread ratio indicator that signals and sends emails on buy/sell signals and close signals) should be modified as follow:

Eliminate from the input Values (as seen on MT4 platform) all the fields included from _sixths to HLevelcolor:


- a third standard deviation of the spread ratio and an alarm + mail if the ratio touches this level (the message should be "Close or Hedge Mkt1 / Mkt2")

- 2 ATR calculated on the spread ratio

Based on the indicator i would like to have a simple EA, i attached the workflow and the 3 possible cases of trades opening and close conditions, please have a look at docs: workflow and HP0029. Since it is a spread strategy it trades on two different markets (ie Buy EURUSD Sell GBPUSD; BUY DAX sell CAC).

On the trading system there should be the following variables:

StDev2: it is in the indicator, it gives the buy/sell signals

Moving average period: it is in the indicator, it gives the closing signals

MKT1: or Pair 1

MKT2: or Pair 2

Nominal Value (NV) of transaction: i.e. 10.000€ (it means it should be one buy order of 5.000€ and one sell order of 5.000€)

Since it should work on different markets (FX, indeces, stocks....) the number of lots should be calculated as follows

Lots = NV/ (Price of instrument * dimension) you can find "dimension" on the properties of the market on MT4 (Marketwatch, rightclick --> Symbols --> Properties)

max risk % = this is the condition that can start new orders or close the orders; if i have a 10.000€ account, and my max risk % is 2% of the account, then when the orders are loosing 100€, the system has to close the orders (or to open - hedge new orders)

Hedge = True False, please see doc HP0029 pages 3-4.

%Hedge = please see docs Workflow and HP0029 pages 3-4

Please contact me for any further info about specs

Skills: C++ Programming, Financial Markets, Metatrader

See more: marketwatch, mt4 indicator , metatrader 4 mt4, indicator mt4, ea indicator, dax, closing my account, dax mt4, close trades mt4, buy sell indicator mt4, mt4 atr indicator, workflow 2013, closing order mt4, mt4 trading, level mt4, open buy sell, financial trading system, financial risk, mt4 open, financial market transaction, account mt4, spread ratio indicator metatrader, dax metatrader, open price mt4, strategy indicator mt4

About the Employer:
( 2 reviews ) milan, Italy

Project ID: #4526701

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Hello. I am MQL-programmer. I can do your task.

€122 EUR in 3 days
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10 freelancers are bidding on average €173 for this job


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