Is it Possible to Make an EA that does this?

Is it possible to make an EA that:

Triggers an entry and close based on an idicator, for example using an RSI, when the RSI line goes over 51 it opens a position and when the line goes below 49 it closes the position.

Also is it possible to make a sound alert that is triggered when the RSI line goes above or below 50.

And that can only have a maximium of one position open at a time.

Any help would be appreciated.
Thanks.

This should help.
Jon

Im assuming this is for the sound alert? if so thank you very much.

Can anyone help me with the other questions i have? Because i want an EA made for a system i have found, but I first have to get answers to the questions i have originally posted to determine if it is possible to make an EA for the system before I can request someone to make the EA.

Help is very much appreciated

First up let me say I don't have time to do it myself ... but yes all of the things you mention are definitely possible to program ... best of luck.

Thanks for that Akuma. Thats the answer i was looking for!

Does anyone possibly feel like making the EA for me?
If so just let me know so that i can explain the system in more detail.

Thanks.

Hi FibzY,

This sounds simple enough you might be able to use Expert Advisor Builder. I usually use it to create the basics of my EAs and then tweak the code from there (since I'm a MQL noob). Since this is my first post, I don't think I'm supposed to post a link, but you should be able to find it with a search or a quick google.

CodersGuru also has a free MQL course in PDF.

Let me know if I can help any more.


Seavo

Hi Seavo,

I found the Expert Advisor Builder and i was playing around with it, but i cant figure out where to set the buy, sell and close signals, for example when the RSI line crosses 50. Or do i have to change the code myself to do that ?

Thanks for your help.

Hi FibzY,


For each action you want it to take, you would click 'Add' under the logics and then input the parameters in groups of two. So for instance, in order to create a buy signal when the RSI crosses 50, you would do something like this:

1. Find "Buy Logics"
2. Click "Add"
3. Choose "Relative Strength Index" from the first pull down menu
3a. The page will refresh and you can input the settings for the RSI
4. Choose the greater than symbol (">")
5. Choose "Number / Variable" from the second pull down menu
5a. put '50' in after the page refreshes
6. Repeat steps 2-5a, only place a '1' in the "Shift" field for the second RSI and choose the 'equal or lesser than' symbol (" <=") instead of the greater than symbol.

Do the same thing for the sell parameters and the close buy/sell parameters, except you only need to create one set for th close parameters.

Also, if the RSI has to be on a fully closed bar, the "Shift" fields should be '1' and '2' respectively.

I think this should work, but if you have any questions, feel free to PM me with your email. I don't think I can send PMs yet