WDFX MT5 EA

1. Indicators and tools to be Used.

- Simple Super Trend - This will be used for give a signal.

Blue arrow + green line = Buy trend.

Red arrow + red line = Sell trend.

- Confirmation candle - This candle will be used to give an entry confirmation, if the super trend line hasn't changed color. 

- Advanced Fractal - This will be used for setting Stop loss and Trailing stop loss and for re-entry conditions.

2. Buy Entry Conditions

1. Look for a blue arrow from the Simple Super Trend indicator below a closed candle (signal candle). Here, the super trend line should be green in color. 
2. Wait for a candle body to close above the high of the signal candle. (We will call this candle Confirmation Candle)

   -If only the wick closes above, wait until a subsequent candle body closes above the highest wick.

3. Enter the trade immediately after the confirmation candle closes..

Buy entry example

3. Sell Entry Conditions

1. Look for a red arrow from the Simple Super Trend indicator above a closed candle (signal candle). Here the Super trend line should be red in color.
2. Wait for a candle body to close below the low of the signal candle. (Confirmation candle)
   - If only the wick closes below, wait until a subsequent candle body closes below the lowest wick.
3. Enter the trade immediately after the confirmation candle closes.

4. Stop Loss (SL)

- Buy Trades: Place the SL a few pips (Make this an input where I can specify the number of pips/points)  below the low of the candle with the current blue fractal.
- Sell Trades: Place the SL a few pips above the high of the candle with the current red fractal.

5. Trailing Stop Loss

Adjust the SL to trail:
- Buy Trades: A few pips below the low of the candle with the current blue fractal.
- Sell Trades: A few pips above the high of the candle with the current red fractal.

7. Exit Conditions

Trades should close when any of these conditions are met:
1. An opposite confirmation appears. ( When a sell or a buy entry has been confirmed)
2. The SL is hit.
3. The trailing SL is hit. 

6. Re-Entry Conditions

If the trailing SL is hit:

- For Buy Trades, re-enter after a candle body closes a few pips above the high of the candle with the current red fractal, and the super trend line is still green.

- For Sell Trades, re-enter after a candle body closes a few pips below the low of the candle with the current blue fractal, and the super trend line is still red

More Examples: 

Waiting for an entryconfirmation

Sell Entry Example 2

 

Additional Features

1. Risk Calculation:
1. Option to manually input the lot size.
2. Option to let the EA automatically pick the minimum lot size.
3. Include a flexible risk calculation where the user can input the percentage of capital to risk.
2. Account Restriction: Implement a feature that restricts the EA to one specific client account.
3. Allow manual intervention (e.g. trailing stop or manual trade closure) without disrupting the EA's functionality.
4. Automatically perform the following actions when an order reaches a specified risk to reward ration for example 1:2 (Make this a manual input) 
1. Partial Close a percentage of the position. (Make the percentage optionable)
   

2. ·       Close the Trade at a Specific Risk-to-Reward Ratio (R: R):

   a.      Add an option in the settings where you can choose a specific risk-to-reward ratio (e.g., 1:2) for the EA to automatically close the entire trade.

   b.      After the trade is closed, the EA will not immediately re-enter the same type of trade (e.g., a buy). It will only open a new trade if the opposite trend (e.g., a sell) is confirmed. See the example below: 

5.   

NB: The fractal doesn't appear immediately, and I have considered this in all of the above.