Spezifikation
Trade methodology based on Red and Green lines entering Overbought / Oversold zone. Using confluence of Higher time frame a trade can enter when there is a strong slope angle. Designed to be an established trend scalping strategy on lower time frames.
RSI and TSL must clearly cross, not just touch.
Slope settings to be customisable see appropriate indicator for code.
Attached indicators / EA
- · Synergy Traders Dynamic Index
- · Trading Made Simple TDI indicator (for slope)
- · MTF TDI (indicator)
Sell Condition
· MBL to be using real time data.
· MBL Current to be in range (user definable range) (on / off) (show line in TDI indicator on / off)
o Sell range: Default 32 – 50
· Higher time frame MBL 1 (user define time) to be in range (user definable range) (on / off) (show line in TDI indicator on / off)
o Sell range: Default 32 – 50
· Higher time frame MBL 2 (user define time) to be in range (user definable range) (on / off) (show line in TDI indicator on / off)
o Sell range: Default 32 – 50
· TDI Cross (red and green line) to occur in zones (overbought / over sold – user definable area.
o Overbought range: 68 – 100
· TDI green line to be steep, RSI value must be greater than user definable value,
Buy Condition
· MBL to be using real time data.
· MBL Current to be in range (user definable range) (on / off) (show line in TDI indicator on / off)
o Buy range; Default 50 – 68
· Higher time frame MBL 1 (user define time) to be in range (user definable range) (turn on / off) (show line in TDI indicator on / off)
o Buy range; Default 50 – 68
· Higher time frame MBL 2 (user define time) to be in range (user definable range) (turn on / off) (show line in TDI indicator on / off)
o Buy range; Default 50 – 68
· TDI Cross (red and green line) to occur in zones (overbought / over sold – user definable area.
o Oversold range: 32 – 0
· TDI green line to be steep, RSI value must be greater than user definable value,
If all above agree generate entry signal, signal valid for 1 bar (next Bar) after TDI cross.
Option to enter TDI Cross Bar or Next bar or Either if strong slope value met
Entry is Retracement % based on previous candle bar, 100% = immediate, 50% = half, value is user definable % input
TRADE MANAGEMENT
· Lot size = User definable % of account.
· Stop loss = ATR value (user definable)
· Take Profit = ATR value (user definable)
· Partial Mode = When at double risk then close half of position, move stop loss to break even and trail with current Trailing Stop value.
· Trailing stop= Starts when in profit, follow with ATR value (customisable)
· Trade comment = SYMBOL + Time Frame
· Trade: Active or Alert
o (if alert send details to email account including stop loss, take profit and entry based on current settings)
o Active = full automatic trade entry
· Back test functionality
Display TDI in indicator window. Also show any MBL lines in use as different colours
Display following data main chart window horizontally along bottom: Current ATR value, daily ATR value, symbol profit in pips / currency and total profit in pips / currency
Back test functionality required as well