Help building a mt5 EA
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I am completely new to programming but need help building a mt5 EA.
I have an idea of an EA that can beu sed to trade some particular synthetic index.
The idea is to add Momentum indicator (Period 14) to RSI window (Period 1) with two RSI lines (at 10 and 90). When the momentum touches the 10 line or goes below it, a buy is triggered immediately and runs for 3 bars afterwards. A sell is triggered if the momentum line touches the 90 RSI line or goes above it and the trade also runs for three bars afterwards. The Stop Loss is triggered if price goes 1 tick below or above the entry point depending on the trade type (BUY or SELL).
An example is shown in the attached image. The yellow line is a period 5 SMA and it can generate another signal in combination with the momentum. If both touch the RSI lines at the same time as described above, it generates a similar signal but runs for 5 bars instead.
User must be able to disable/enable buy or sell signals because the buy and sell does not work for the same index.
Thanks
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 01/04/2021 |
| Status: | Active |
| Attachments: | 1 files |
