I’m looking to turn a fairly simple (at least I think it’s simple ) concept into a rough EA. I could monkey around with the MQL4 myself, but I’d rather see if I can have one of my professional coder pals tackle it for me. However, I don’t want to toss them some enormous task with a smile and a friendly handshake. So, my question is: How complicated would it be to turn the following concept into an EA to be used for any pair on a 5th decimal platfrom (3rd dec. for Yen pairs)?
BUY
SMA 8 > SMA 50
RSI > 50
STOCHASTIC (5,3,3) %K crosses above %D
BUY CLOSE
STOCHASTIC (5,3,3) %K crosses below %D
SELL…the reverse of buy signals
SMA 8 < SMA 50
RSI < 50
STOCHASTIC (5,3,3) %K crosses below %D
BUY CLOSE
STOCHASTIC (5,3,3) %K crosses above %D
STOPLOSS
for buy = 10 pips below previous candle low
for sell = 10 pips above previous candle high
TRAILING STOP
Not sure how possible/plausible this is, as it would continually change… = 1 pip below/above close of previous candle.
That’s really all there is too it. It’s something I have been toying with on 1H charts, so there is usually 1, 2, and sometimes 3 signals a day to a pair. It typically won’t capture huge moves, but it can pick up a respectable win, and maybe even a so-so trade a day. Anything after that though is usuallly weak if not a complete dud. And, of course, choppy movement can cause all the usual aches and pains.
Do you think someone skilled in coding could manage such a task fairly simply? If so, I’ll pass it on. If not, I’ll screw around with it myself until I become frustrated enough to pay someone to do it
Thanks