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Rules
Job finished
Specification
EA Requirements.
The EA opens and closes trades.
It determines trade types, Buy or Sell.
It should work on all time frames and currency pairs.
It should work on all chart types. Line, Bar or Candlestick.
It should work on both account types. Live and Demo.
The EA has a visual Blue Take profit line.
The EA has a visual Red Trailing Stop Loss line.
The EA has Two Adaptive moving average line settings.
The EA has a Relative strength index filter.
The EA places directional Trade arrows onto the chart at execution.
The EA has different lot sizes available to choose from.
The EA has a trading clock which allows trades during these set trading times and days only.
I can manually amend the parameters and settings on all the above.
Properties and inputs for EA
Trading clock.
The trading clock uses military time (24-hour clock) and is set to the brokers time which allow trades from 08.01 to 16.59, Monday to Friday as default only.
However, having the ability to change the days to trade as well as the trading time zones would be advantageous.
It will automatically close all trades at the set close time regardless of whether the trade is IN or OUT of profit.
If no trade is in progress during trading times the EA places a trade.
This is based on the trading times the position of the Two AMA lines and the RSI index.
I would like to be able to amend the trading clocks time zones and the days for trading.
The Trading clock should be displayed at the bottom right-hand corner of the chart showing the brokers’ time.
Trade Arrows.
Firstly, the trade arrows are placed on the chart when a trade is made.
A small blue arrow pointing upwards is placed at the trade entry point for a buy trade.
A small red arrow pointing downwards is placed at the trade entry point for a sell trade.
Lot sizes.
The lot size is automatically set to a standard lot size.
However, I would like to have the ability to change this to other lot sizes, such as a Micro lot or to a mini lot size.
The Two changeable Adaptive Moving Average Lines settings.
The Green (Short) AMA line default settings are (1,2,30).
The Red (Long) AMA line default settings are (8,2,30).
For a sell trade the idea here is if the short AMA lines is below the long AMA line then as a sell trade is made
Price can fluctuate above or below the AMA lines without effecting the open trade. Only the crossings of AMA lines and or RSI scale crossing, trailing stop and take profit lines, trading time zones will close the trade.
The Relative strength indexes.
The RSI Properties are set by default at 14 days and its upper scale is 60 by default and its lower scale is 40 by default.
The idea here is when the RSI line crosses above the upper scale only buy trades are permitted and if the RSI line crosses below the lower scale only sell trades are permitted.
If the RSI line is in between the lower and upper scales (the no trade zone) then no trades are allowed to take place and if a trade is currently open it will be closed once the line has migrated back into the no trade zone.
I can manually amend the parameters and settings on all the above.
Take profit line.
The take profit line is automatically set at 300 points ahead of trade as default.
The idea is as price moves towards this visible stationary line and eventually touches it, trade is closed, and profit is secured.
Both Take profit and Trailing stop loss lines are placed on the chart at opening of a trade and are removed when the trade is closed.
I would like the ability to change the distance by the number of points.
Trailing Stop loss line.
The Trailing stop loss line is automatically set at 150 points behind trade as default.
I also require a visual aid line on the chart.
If price should head towards the trailing stop line, the line remains fixed until price touches the line, and the trade is closed.
However, if price moves away from the line the line follows price point by point.
I would like the ability to change the distance by the number of points.
Summary.
The idea behind the Two AMA lines and the RSI indicator and the trading clock is that they all must agree first before a trade is placed.
For a buy trade to take place we need the following,
Trading clock.
The trading clock uses military time (24-hour clock) and is set to the brokers time which allow trades from 08.01 to 16.59, Monday to Friday as default only.
The Relative strength indexes.
The RSI Properties are set by default at 14 days and its upper scale is 60 and its lower scale is 40.
The idea here is when the RSI line crosses above the upper scale only buy trades are permitted and if the RSI line crosses below the lower scale only sell trades are permitted.
The Two changeable Adaptive Moving Average Lines settings.
The Green (Short) AMA line default settings are (1,2,30).
The Red (Long) AMA line default settings are (8,2,30).
For a buy trade the idea here is if the short AMA lines is above the long AMA line then a buy trade is made.
For a sell trade we need the following,
Trading clock.
The trading clock uses military time (24-hour clock) and is set to the brokers time which allow trades from 08.01 to 16.59, Monday to Friday as default only.
The Relative strength index One.
The RSI Properties are set by default at 14 days and its upper scale is 60 and its lower scale is 40.
The idea here is when the RSI line crosses above the upper scale only buy trades are permitted and if the RSI line crosses below the lower scale only sell trades are permitted.
The Two changeable Adaptive Moving Average Lines settings.
The Green (Short) AMA line default settings are (1,2,30).
The Red (Long) AMA line default settings are (8,2,30).
For a sell trade the idea here is if the short AMA lines is below the long AMA line then as a sell trade is made.
