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Rules
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Specification
I want a strategy based on a grid system which will be calculated in multiples of 5 from a preset price manually entered in inputs
it will work off live price
it will enter based in price crossing a grid level
it will define trend by using moving averages on up to 2 different timeframes types of moving averages (to be selected in inputs )volume weighted, simple, exponential. These moving averages would also have a shift +/-input
it will not open multiple positions at the same price level (before opening trade check have we a current trade opened at this Price level) have we an open trade in the same direction which is currently at a loss If yes then don’t open the trade
it will have a limit on how many trades per pair
it will close all trades at a preset time on a Friday evening.
It will close all trades if live profits reach a preset manually entered value
it will close any trades that are open longer than x hours if they are in profit but haven’t reached their take profit
it will have the option to calculate trade size either by preset fixed amount or by % risk per trade (if stoploss isn't hit it will cost X% of account value based on closed trades )
it will recognise a manually drawn line in the charts example top and bottom of a trading channel or support / resistance of a range bound trading instrument and not take trades who's take profit would be beyond the line. It will also not place trade outside this range and will close all trades in the opposite direction.
if more than x trades in a row loose it will pause that pair for y hours
it will not enter a trade if atr of x timeframe is below a preset value in pips
it will not enter a trade if last candle range on x timeframe in pips hi to low is bigger than atr in pips multiplied by y value
It will not enter a trade if spread is above a preset value