Job finished
Specification
Ma cross EA
Using smooth MA
200 - 50 - 21
- Using 1 min time frame or 5 min governed by extern settings
- Option to turn on long or shorts only
CONDITION LOGIC
CONDITION 1
To go SHORT we need price to close below the 200 MA - We then need to 50 and the 21 to cross over below -
To go LONG we need price to close above the 200 MA - We then need to 50 and the 21 above the 200.
CONDITION 2
SHORT We then want to see 2 x fractals form (higher highs) without crossing the 200 MA.
LONG We want 2 x fractal highs, one (lower lows) without crossing the 200 MA.
SL to be set X pips (defined in the extern settings) Below the low of the first fractal if going LONG or if going SHORT above the fractal high.
- Option in settings to Alert only - ie take no trades.
- Option to monitor 3 different pairs
- max trade per pair in 30 mins setting - default 1
ALERTS
- Sound /push setting when close over 200 MA (only alert once per pair per 15 mins)
- Signal alert Price signal is confirmed on , Pair name and SL location as a push alert
RISK MANAGEMENT
- extern setting to define risk parameters ie % of capital
- 2 orders to be sent on signal given with different risk settings.
1 Trade SL set to fractal + pips as per settings
1 Trade SL can remain at 50 MA cross.
- break even + pips setting
MAX risk needs to be worked out to manager risk.
- we need to split the risk on 2 orders - 1 order will use trail of the 50 MA if touched it should close the trade, the other will trail the fractals. with option to turn off/on in settings.
TP settings
Trail 50 MA
Trail fractal low if long, trail fractal high if short.
-Close all trades at x time
Positions should track trade history
Win or Loss % gained or lost and pair plus output the performance.
Code will remain our IP - rights are handed over on payments.
Code must be clearly marked up for future changes.