Build an EA (Expert Advisor) based on the open source SUPDEM indicator that I have attached.
The indicator basically draws supply zones as rectangles above current price a demand zones below current price. When zones are broken, they will disappear.
You will probably need to study a bit the indicator in order to understand how the EA can interact with it.
The GENERAL RULES for the EA strategy are:
• M15 timeframe ONLY
• Supply/Demand zones timeframe is always M30 (supdem-indicator parameter must be set correctly inside the EA)
• If Price is at Supply level, only SELL order allowed.
• If Price is at Demand level, only BUY order allowed
• Only 1 opened trade is allowed per zone (but if a trade reaches its target and closes, the same zone can be used for another trade)
• STOP LOSS is placed with the order if allowed or immediately after if ECN-broker.
• TAKE PROFIT is placed with the order if allowed or immediately after if ECN-broker.
I will provide additional details about buy/sell signals and the trade management rules by PM.
Thanks.
Hello,
I can get this done for you. I have already completed a large number of mt4 projects on freelancer and I'd love to make your project my next one. For more personal details and past references please see my profile.
If you have any questions for me just drop me a line. I'm looking forward to working with you.