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Simple EA based on SUPDEM indicator and R ratios -- 2

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.

Skills: Metatrader

See more: html based simple projects, home based simple jobs, web based simple inventory, indicator end, based macd indicator

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