MARCUS SMITH (Marv9o)

marvelles@gmail.com

twitter.com/marv9o

username on the forum = marvelle


Hi, thanks fore having a look at this EA for me, i started reading through the book on
http://forum.mql4.com and a few other pdf's but most of it has gone right over my head.

Ive tried using http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/ and the EA i built didnt work
at all in mt4.

Ive tried editing other uploaded EA's & Indicators (trial & error learning) and i guess programming
just ins't for me.

Sorry to bore you with my story lol but hopefully you can help.


My idea for this strategy is purley based on a 5 RSI, nothing else but 5 RSI!!


Buys are placed when RSI crosses above 22, 50 & 62 (in the text below the buy levels are set slightly higher)

Sells are placed when rsi CROSSES BELOW 62, 50 & 22 (in the text below the sell levels are set slightly lower)

From my experience ive seen that the 5 RSI shows strong quick momentum during price moves in the FX market

my aim is to create (or rather for you to create for me) an EA that takes advantage of quick price moves around these areas

and quickly gather 20 pips or as close as possible (my aim is to grab 10 pips so im aiming for 20 with slippage & the spread in mind).

Ive included a JPG of the buy/sell signals that would have been generated over the past month using this strategy (hopefully it helps).




Here is the Strategy:




0.1 CONTRACT (May change later, is it possible to just alter the numbers in the mq4 file when complete?)

SLIPPAGE = 3 PIPS

STOP LOSS = 30 PIPS

TAKE PROFIT = 20 PIPS

SPREAD = 5 PIPS ( 2)

ORDER IS GOOD FOR 3 HOURS ONLY


-----


TIMEFRAME H1

RSI = 5

-----


BUY ORDERS:

WHEN RSI IS BELOW 21 AND CROSSES ABOVE RSI 23 PLACE A BUY ORDER.

CLOSE THE TRADE AT 20 PIPS PROFIT OR WHEN PRICE CROSSES ABOVE RSI 50

OR IF AFTER CROSSING ABOVE RSI 23, RSI DROPS BELOW RSI 20



WHEN RSI IS BELOW 49 AND CROSSES ABOVE 51 PLACE A BUY ODER

CLOSE TRADE AT 20 PIPS FROFIT OR WHEN PRICE CROSSES ABOVE RSI 63

OR IF AFTER CROSSING ABOVE RSI 63, RSI DROPS BELOW RSI 60



WHEN RSI IS BELOW 61 AND CROSSES ABOVE 65 PLACE A BUY ODER

CLOSE TRADE AT 20 PIPS FROFIT OR IF AFTER CROSSING ABOVE RSI 65, 

RSI DROPS BELOW RSI 62.


-----


SELL ORDERS:

WHEN RSI IS ABOVE 63 AND CROSSES BELOW RSI 61 PLACE A SELL ORDER

CLOSE TRADE AT 20 PIPS PROFIT OR WHEN PRICE IS EQUAL TO OR BELOW RSI 50

OR IF AFTER CROSSING BELOW 61 RSI, RSI RISES ABOVE RSI 63



WHEN RSI IS ABOVE 51 AND CROSSES BELOW RSI 49 PLACE A SELL ORDER

CLOSE TRADE AT 20 PIPS PROFIT OR WHEN PRICE IS EQUAL TO OR BELOW RSI 22

OR IF AFTER CROSSING BELOW 49 RSI, RSI RISES ABOVE RSI 52
 


WHEN RSI IS ABOVE 24 AND CROSSES BELOW RSI 19 PLACE A SELL ORDER

CLOSE TRADE AT 20 PIPS PROFIT OR IF AFTER CROSSING BELOW 19 RSI, 

RSI RISES ABOVE RSI 22


----


FINISH!!!


I know your most probably unindated with requests so i appreciate the time you've taken to view my request.


If there is anything that might need to be changed or isn't possible to work my contact details above!


Once again thanks!!


Marv!