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Specification
Hi,
I need a robot/EA to work remotely and automatically with less human intervention and also in a timely manner to take bids and backup positions as quickly as possible.
The Operations of the EA
The EA will work by considering 5 prices at the beginning of every period of study. This can be Monthly, Weekly, Bi- weekly or Daily.
At the beginning of the period, the EA will move towards any direction based on the prices selected. Prices will be in such a way that 2 prices will be above and 2 prices below at the beginning of the period, after which it can be adjusted based on the market movement. The EA will be considering the market from 2 perspectives as follows: : 1. A BUYER or 2. A SELLER.
POSITIONS 1, 2, 3, 4 and 5.
For a BUYER, Position 1 and 2 will be BUY only, while position 4 and 5 will be SELL. This is likely to be adjusted every week. Position 3 will be the starting point and a midpoint for the period of study.
As a result, at beginning, current price will likely be in between 2 and 4, then it can move towards 5 or towards 1. For a BUYER, 1 will be the expected desired direction and will focus on taking bid higher above 1. As price moves higher during the period, the activated bid prices, will be locked up to hold on the profits daily after every level of movement. So that profits will not return back to losses. If price moves from 3 to 4 to 5, then profit will be locked at 4 of bid from 3, and 5 for bid 4, while losses will only be considered after a certain position is achieved. Stop Losses position can be identified to be manually readjusted daily based on market movement, as well as profits being closed manually.
Everyday, prices will be expected to activate at a position once only if current bid is still active, but can activate more than once if previous bid has been closed. So if price activates a BUY as a BUYER, all positions at the TOP will be a BUY and after every BUY, will have a SELL before next Buy activates. Higher. This is to ensure that current profits are not lost while also making provision for backups in case market fluctuates beyond comprehension.
Bids towards the expected direction will continue at normal trend and backup in case markets changes direction in the opposite direction.
Below you have the 5 positions as BUY, SELL, MIDPOINT, HIGH PRICE, LOW PRICE, while the ACTUAL MOVE is the price movement in the period. The prices will be ranked based on price and not by product name. So if on Day 1, Buy is the highest, then it will take position 1, and if by day 6 it becomes second to the highest, it will take position 2. Etc.
The MIDPOINT will always be the average of HIGH and LOW Prices as inputed in the variables, so it should be automatically calculated by the Robot.
So for example as follows based on true data for August
DAY 2 DATA- CURRENT PRICE AT 1982 ………….. BUY AT 1988, 1984 AND SELL AT 1939, 1933.5, AND 1961.
DAY 4 DATA- CURRENT PRICE AT 1939 ………….. BUY AT 1988.5, 1984, 1961.5 AND SELL AT 1939, AND 1934.5
DAY 10 DATA- CURRENT PRICE AT 2056 ………….. BUY AT 2056 AND SELL AT 2006.5, 1997.5, 1988.5, AND 1939 ETC.
So from the GRAPH, you can see the actual movement of the market in real positions and also the bids that will be activated as the price is moving across board. So for a BUYER, he will focus on bids going upwards, while the SELL will focus primarily on activate bids going down. But they will still take a safe bid at the positions within their safe point
Please note that only Serious and immediately available programmers should apply.
If you need additional clarification, you can contact me.
Testing of the EA will need 60 days to ensure it adheres to description.
Only after confirmation of 2 weeks full testing will the project finalised for payment
I want to also be able to have a control on the EA to assign it with a password or expiration time renewal control (if possible)
Thanks