All orders
Rules
Specification
THIS INDICATOR DOES NOT NEED TO BE A STANDALONE ONE (as I have been told it is too difficult to create.)
I would firstly like an indicator made to show arrow up and down arrows based on 4 indicators. There will be the typical up and down arrows but I would also like a yellow arrow that will mean to set a limit order at the next key level pivot OR S1 OR R1 levels etc rather than market entry. The market entry or limit order entry will be determined by the 4 thindicator which is an RSI indicator. A 3rd signal (another color) will just show the cross over of rsi at key levels
Each setting in the new (arrow) indicator will be MTF capable
Once this indicator is made, I would like to have a Trade assistant EA made that can open 1 to 4 orders at either market price or create pending limit orders or combination when there is an indicator signal. I will manually look for entry zones and apply EA to chart to open orders if arrow appears on the closing bar. Basically, my entry zones can take days to setup so when they do, I apply EA to chart for it to open trade. The ea can be left on to move TP to B.E if opposite trend arrow is detected or if TP from order 1 is hit for order 2,3,4 if available.
Must be capable of:
Magic number:
Slippage: 30
Max orders:
Max Spread: 2 pips
Fixed lot size: (if 0 uses MM)
MM: lot size determined with % of free equity and stop size risk
MMRisk % (Decimal)
Buy / sell only option (Buy only/Sell only/ both)
Set all stop levels same price as Orders 1(on/off)
Min B.E is opening price + (pips)
Open new orders (On/Off) override all. Off will monitor current open trades
Ability to change the parameters of the 4 indicators with MTF option
Can save set files
Able to open 1 to 4 orders. Each order can be set separately with following parameters.
Orders 1,
Setting (1 or 2)
1. open at market price (after closing bar) OR
2. create pending order limit buy or sell at next pivot key level above or below. ( If Buy signal is between Pivot and S1 the order limit will be placed at S1). These will be limit orders only
Set stop levels (% ratio of ATR Daily or WEEKLY with multiplier option) away from market price or pending order. Does not require trailing
*MM will determine the stop size and calculate the lot size depending on MMrisk %.
Tp level ON/Off- (% ratio of ATR Daily/ WEEKLY with multiplier option) away from opening price or the pending order
Move TP to B.E (on/off) - if opposite trend arrow detected closing bar and is not in profit
Close trade on/off - if opposite trend arrow detected closing bar and is in profit
Reverse Trade condition On/off
Options for Orders 2, 3 ,4
On/off opening new orders - If I want only 2 orders, I can set orders 3 and 4 to off. (can be overridden with master on/off switch)
All stops to be set same price as order 1. On/off
All stops moved to B.E if order 1 TP. On/off
Setting (1 or 2)
1. open at market price (after closing bar) OR
2. create pending order limit buy or sell at next pivot key level above or below. ( If Buy signal is between Pivot and S1 the order limit will be placed at S1). These will be limit orders only
*MM will determine the stop size and calculate the lot size depending on MMrisk %
Tp level ON/Off- (% ratio of ATR Daily/ WEEKLY with multiplier option) away from opening price or the pending order
Move TP to B.E (on/off) - if opposite trend arrow detected closing bar and is not in profit
Close trade on/off - if opposite trend arrow detected on closing bar and is in profit
Reverse Trade condition On/off
Final note: I will apply the EA to the chart when I feel there is an opportunity for an entry. After it has taken the trade it will be left on to monitor open trades for trend reversals, moving SL to BE price etc as per settings