Mql5
Writing of an Expert Advisor based on RSI Stock and MACD Job at M...
Mql5 - Houston, TX, United States, 77246
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Overview
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Overview
Read the Rules before you post an order or execute it
Writing of an Expert Advisor based on RSI Stock and MACD HI, I am looking for someone to help create an Expert Advisor (EA) for MetaTrader 5 that evaluates financial market data to place buy or sell trades based on predefined technical analysis criteria applied to closed candle data. It is to be used on any forex pair, metal or crypto.
Buy Signal Criteria
Bullish Momentum: All three conditions must be true - 9-period EMA > 21-period EMA
21-period EMA > 55-period EMA
Stochastic Oscillator: %K main line has crossed above the %D signal line
Both %K and %D have crossed above 20 but not crossed 80
Relative Strength Index (RSI): RSI > 50
MACD signal line has crossed above the MACD main line
Trade Execution for Buy Signal
Place a buy trade using maximum lots (risking 1% of account balance).
Generate alerts (on-screen pop-up, audio, printed statement).
Exit Conditions for Buy Trade
Take profit achieved at a 1:1.5 risk-to-reward ratio, or
Stochastic %K and %D crossed above 80 with %K below %D.
Sell Signal Criteria
Bearish Momentum: All three conditions must be true - 9-period EMA 21-period EMA
Stochastic Oscillator: %K main line has crossed below the %D signal line
Both %K and %D have crossed below 80 but not crossed 20
Relative Strength Index (RSI): RSI MACD signal line has crossed below the MACD main line
Trade Execution for Sell Signal
Place a sell trade using maximum lots (risking 1% of account balance).
Generate alerts (on-screen pop-up, audio, printed statement).
Exit Conditions for Sell Trade
Take profit achieved at a 1:1.5 risk-to-reward ratio, or
Stochastic %K and %D crossed below 20 with %K above %D.
Additional Requirements
Use data only from completed candles for accuracy.
Alerts must specify which conditions triggered the signal and confirm the criteria.
Steps
Evaluate conditions on Stochastic, RSI, and MACD indicators for buy/sell signals.
Execute trades following the specified risk management strategy.
Implement alerting system for notifications on trade conditions and execution.
Ensure trade execution uses only closed candle data for decision-making.
Output Format
Provide a comprehensive EA script for MetaTrader 5.
Include detailed comments within the code for clarity on implementation.
Ensure flexibility for parameter adjustments in the future.
Examples
No specific examples are provided, but use dynamic testing to validate EA with historical market data.
Notes
The strategy described solely applies to the MetaTrader 5 platform.
Aim for modular code structure to simplify future modifications.
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