Heikin Ashi EA

This EA is based on the Heikin Ashi Trading system.

 What I want the EA to do is –

Long Entry Signal

·         Enter long on close of the first Heikin Ashi flat bottom candle, only after a candle colour change. See Pictures below.

Short Entry Signal

·         Enter short on close of first Heikin Ashi flat top candle, only after a candle colour change. See Pictures below.

Close Trades

·         Close trades only on the Stop Loss, Trailing Stop or Take Profit.

Risk

·         The Risk amount is to be set in dollars not % I want it to be fixed so that each trade that is opened risks the same dollar amount e.g. $50 risked for each trade.

·         It can open a trade in the opposite direction with previous trade still open (hedging)

Stop Loss

·         Stop to be adjustable based on the average true range.

·         The average true range is to be defaulted at 14 periods not adjustable by the user.

·         Average true range is based on the time frame traded.

·         In the user inputs section I want to be able to adjust the Stop Loss Size, e.g. 1 x ATR or 1.2 x ATR or 2 x ATR Etc. whatever input I want

Profit Target

·         Profit target is to be adjustable based on average true range.

·         The average true range is to be defaulted at 14 periods not adjustable by the user.

·         Average true range is based on the time frame traded.

·         In the user inputs section I want to be able to adjust the Profit target Size, e.g. 1 x ATR or 1.2 x ATR or 2 x ATR Etc. whatever input I want.

Trailing Stop

·         Trailing Stop is to be adjustable based on average true range.

·         The average true range is to be defaulted at 14 periods not adjustable by the user.

·         Average true range is based on the time frame traded.

·         In the user inputs section I want to be able to adjust the trailing stop Size, e.g. 1 x ATR or 1.2 x ATR or 2 x ATR Etc. whatever input I want.

Time Frame

·         I want to be able to set the time frame manually in the user inputs section from 1 min to weekly

·         I want it to only operate on 1 time frame at a time. E.g. cannot open trades on the 5 min time frame if program is set to the 4h time frame.

Spread

·         In the inputs section I want a safe guard if the spread is over a certain amount don’t trade

·         The user inputs the spread amount e.g. 7.0 pips, this is to be based on a 5 digit broker.

Screen Display

I want the following displayed on the screen. At the top left hand corner

Trading Pair    EURUSD

Risk Amount    $50

Stop Loss         1          (x ATR)

Trailing Stop    1.5       (x ATR)

Take Profit      3          (x ATR)