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Re: MT4 Indicator requests and ideas

optionhk, Sun Nov 17, 2019 3:59 am


I think I posted it in wrong thread. And without indicators.

I am reposting it here in the right forum.

Dear mrtools,

You have coded MA histo indicator more than 10 years ago and have updated recently with mobile alerts. I find it useful till this day.

However, recently, because of my age not helping me to watch screen, I have adopted a new "set and forget" strategy which is working well.

I sell EU from 60 pips distance based on H4 MA of 48 and keep doing it a few times in one account. In another account I buy when EU falls 45 pips from H4 MA and for a few times. For this strategy I use smaller lots so that in case averaging of adverse positions is required it does not easily invite margin calls. Ultimately anyone can make money 50% per annum in each of the accounts. Discipline and patience is needed for this kind of effortless trading . I have tried this strategy on EU only because of its strong tendency to mean revert. Whether it will work for other symbols or not, I am not sure.

Can you kindly code this as per the picture. Requires an MA graphic , fixed MA price box, short dash lines to be drawn from inputs of pips/points based on MA price for Up and Down directions (both need to be different)

Thank you.
MA buy and sell lines.jpg
MA Price display nmc.ex4
(35.21 KiB) Downloaded 414 times
MA Triple with Price.mq4
(4.81 KiB) Downloaded 327 times
(2.29 KiB) Downloaded 336 times
MA Triple with Price.ex4
(18.44 KiB) Downloaded 327 times
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