Specification
I need a programmer to put my trading idea into an EA. The EA uses one simple indicator that was freely available online.
This indicator plots price levels of another currency pair on the main chart so that you can compare the two price actions between the price on
the chart and the price action of another pair that you input in the parameter of the indicator.
Once the distance between the two pairs gets wide up to a certain level, the EA takes one long (or short) position on the main pair, and one short
(or long) position on the other pair. The direction of the trade should always be opposite. There are fixed rules for closing trades for
both TP and SL.
The EA has recovery modes. If the EA took a loss, the EA opens another set of trades immediately based on a criteria. Also, the EA has lot
increment function where the lot size of the next recovery trades will be adjusted (increased/decreased). The number of recovery
trades has to be limited by a parameter input so that the EA doesn't open trades indefinitely.
Logic and parameters are ready on a separate sheet. Further descriptions will be given upon request.
Thank you!
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