MT4 indicator modification and EA to develop

This project was successfully completed by MikhaDev for €122 EUR in 3 days.

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Project Budget
€30 - €250 EUR
Completed In
3 days
Total Bids
Project Description

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. [url removed, login to view]€ (it means it should be one buy order of [url removed, login to view]€ and one sell order of [url removed, login to view]€)

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 [url removed, login to view]€ 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

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