My trading system is simple, it consist of 2 moving averages( 5-WMA and 10 SMA), RSI(14) and MACD( 12,26,9). To go Long:5-WMA crosses above 10-SMA, RSI > 50, MACD-Fast-Line crosses above Signal-Line To go Short:5-WMA crosses below 10-SMA, RSI < 50, MACD-Fast-Line crosses below Signal-Line. This system should work on all time frames... The system should be automatic and have a feature for the trader to trade it manually based on the signals produced... When a long parameters line up, a small arrow(blue) appears below the price and when short parameters line up, a small arrow(red) appears above price... When a long trade is executed, it stays long until a short signal appears, long trade closes, and short trade is executed... The system puts on 1 trade, but, allows the trader to put on multiple lots to trade... The lot sizes feature needs to be flexible, allowing the trader to trade lots like, 0.10, 0.03, 1.23, etc) and have money management feature with toggle switch...The system needs to have a stoploss, plus trailing stop with flexible increments to move trailing stop...The system needs to have the feature called "Trend Direction" indicator, it is an indicator showing a continuous blue bar when long is still valid, then changes to red bar when short is valid, this indicator will just switch back and forth to give trader a visual of trend.. This system is relatively simple and need to be a automated to run on MT4 as an EA..
New changes, please read all before considering project
***EA uses the indicators by calling them programmatically - the indicators do not even need to be attached to the chart or up and running. I'm saying this because the lines I'm asking for on the indicators is something the end user can do outside of the EA, if the following can be built as a profile or template to save the configuration. Then trader- would just load the profile, to get the indicators loaded correctly - for visual purposes only - and then attach the EA --OR, I could just have trader(end user) put on indicators manually, to cut down programming time-but it would be nice to have a profile or template for the end user. If you the programmer feel the time is above and beyond project size, focus on EA, and let the end user worry about indicators. If end user does end up putting indicators manually, pleas use 5 SMA instead of 5 WMA, unless there is a way to put a 5 weighted moving average on the chart****
5 WMA(Weighted Moving Average) can be substituted with 5 SMA(Simple Moving Average)
I have decided to use Stocastics(20,3,3) instead of MACD, to give me another feature I want in my system... So, for Stocastics, it will be just like MACD... When everything lines up and Stocastics(20,3,3) Sto-line crosses above Signal-line for long and Sto-line crosses below Signal-Line for short..
The Stocastic(20,3,3) should show lines, allowing the user to change it's colors, the ranges are from 0 to 100 and horizontal lines going across 20 point and also 80 point...
Is there a way to make it possible so the user(trader) can choose to use ONLY the stocastic crossing when everything lines up, as a way to end the trade before waiting for a new one to appear in the opposite direction...? This allows the trader to scalp quickly in shorter time frames and end trades faster. I would like to have a toggle to use when everything lining up for the next signal, or if trader wishes to, just using Stocastics as to end the trade, Trader should have this choice as a switch: Everything lining up for next trade or just use Stocastics to end current trade, waiting for next trade to appear in opposite direction...
Plus, if I didn't mention in before, if conditions are met for a trade and price bounces off the those conditions and then enters them again, to prevent false signals, once a trade is put on, only that trade is allowed by the system, trader can put on trades outside of the system, but, the system only puts on that 1-trade, of course the trader can trade multiple lots and sizes in that 1-trade..
RSI needs to have a midline(red-line) at the 50.00 mark as a visual cue for the trader... The name of this EA is "BB-Trade". I think that about covers it.... =)
BNB Trading Company Inc.
P.S. Impress me with your work and I will bring more work your way.. =)