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Rules
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Specification
Indicator Indicator to alert when criteria met on Moving Average on a chosen symbol(s)/ timeframe(s)
The user would have the ability to apply this indicator to any time frame/ symbol.
EA to change Stop Loss when criteria is met.
Please quote 3 prices, along with
1. Indicator ONLY
2. EA Only
3. Indicator + EA
Indicator
Criteria
- User will choose one of the 3 options/ selections in the parameters 1. First Candle Formed 2. MA Crossed 3.Both
- Option 1: First Candle Formed
- When a first candle forms above or below moving average– open price and closing price either above or below moving average. Please note : Only for FIRST Candle
Example 1:
In the above example – Black line is SMA. Arrow marks in above picture indicate when the criteria has been met.
- Option 2: MA Crossed
- When price touches Moving Average.
In the below example 2– where highlighted in yellow is when moving average line ( in black) has been touched.
Example 2
- Option 3: Both
- When either of the options 1 or 2 are met. In example candle in red circles are when option 1 criteria has been met. Highlighted in yellow is when option has been met.
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Input Parameters : User would have the ability to modify the parameters below:
- All Symbols : Indicator to work for any chosen symbol – by dropping the indicator on the chart of a symbol
- Timeframes: Select time frames; Default – D1, H4, H1, M30
- MA Criteria Option : 1. First Candle Formed 2. MA Crossed 3. Both
- Disable Indicator: Yes/ No; Once indicator is loaded on a symbol, if disabled, alerts will stop’ Default : No
- Show Arrows : Yes/ No : Arrows will be formed on chart when option yes is chosen. When No is chosen : no arrows will be formed. If option is changed to “No”, any previously placed arrows will disappear.
- MA inputs
- Period ( enter a number); Default 14
- Method ( Simple, exponential); Default Simple
- Apply to ( Close/ Open); Default Close
- Alert: (True or False) ; Default True
- Push: (True or False) ; Default True
- Email: (True or False) ; Default False
Requirement
- Platform : MT5
- Alert when criteria is met for any number of chosen timeframes regardless what is on the screen of MT5.
- If H4 and 30 are chosen in input parameters, If on MT5, 30 Min time frame is being watched, but if a H4 candle is formed meeting the below criteria – it should still alert.
- An alert needs to be sent and an arrow needs to be placed – facing North for BUY and Facing south for Sell.
4. Place an arrow on the candle - where criteria is met. Buy arrow in green and sell arrow in red. An option to remove arrows should be provided – refer parameters
5. Alert Message: <Date – Time>, <Buy/Sell> on <SYMBOL> on <Time Frame>, < Chosen Option Message>
o Chosen Option Message:
§ Option 1 : First Candle Formed
§ Option 2: Price Touched MA
o Buy/ Sell
§ Buy: When the candle either forms above MA or price goes above MA
§ Sell: When the candle either forms below MA or price goes below MA
§
6. Email and push notifications should only be sent after the completion of the candlestick – for any of the 3 options
Expert Advisor – Trade Order Stop Loss Change
1. Requirement : When the above criteria of option 1 ( First Candle) is met, EA gets activated If EA is Enabled for any chosen trade on any chosen symbol.
2. When should EA Execute: In below Example 3, I may have manually placed a order to sell at first arrow- when a first candle has been formed below MA ( black line). After a candle forms on opposite direction, EA should get executed – that is on second candle as shown with an arrow.
3. What should EA do: EA should set the stop loss to First candle close price + input pips.
4. Parameters : Number of Pips : Default 100;
o Other parameters as applicable from indicator above.
5. EA is not active by default
6. User to enable EA when needed. User enables when away from screen
7. Once enabled, user has the option to disable. Once back to screen, user does not want EA and will disable.
8. Can I choose to enable EA only for selected active trades
9. Alert: When EA changes the SL – alert message : Stop Loss of <Symbol>, <Buy/Sell> changed to <Value>
Example 3: