All orders
Rules
Job finished
Specification
CREATION EA ICHIMOKU - PARABOLIC SAR for MT5
EA for the metatrader 5 platform:
The ea will need to be able to trade on different cfd assets: CFDs, indices, forex, commodities and stocks and on any unit of time (including H4). The indicators (PSAR and ichimoku) should be visible when the ea is running in automatic mode (for ichimoku, tenkan-sen, kijun-sen + kumo will be visible).
In automatic execution, the EA will display a panel with essential information (generated profit, spread, etc.)
A good knowledge of the functioning of the two indicators seems important.
RULES FOR A BUYER SIGNAL
- the price must be above the Kumo cloud
-Tenkan-sen must be superior to Kijun-sen
- Do not take positions if candles are inside the cloud
- When the SAR indicator points move below the price, this is considered a bullish signal (buy)(= traditional signal from the PSAR indicator to open a long position)see attached illustration
RULES FOR A SELLER SIGNAL
- the price must be below the Kumo cloud
-Tenkan-sen must be lower than Kijun-sen
- Do not take positions if candles are inside the cloud
- When the SAR indicator points move above the price, this is considered a bearish signal. (= traditional signal from the PSAR indicator to open a short position) see attached illustration
EXIT SIGNAL (possibility to activate or deactivate these parameters)
- when a candle touches the cloud (close the trade when the candle enters the cloud)
- when a candle overlaps the PSAR (we are using the parabolic sar as a trailing stop loss, so this is exactly that, so if the candle touches the parabolic SAR we close our trade) see attached illustration
- when the PSAR reverses
INDICATORS
Possibility of manually filling in / modifying the inputs of the two indicators PSAR (ex: 0.06; 0.2) and ICHIMOKU
BUY AND SELL
-possibility to sell on bearish signals and ignore bullish signals
-possibility of buying bullish signals and ignoring bearish signals
- possibility to open trading in both directions
ORDER SIZE
- initial lot size (ex: 0.01)
-balance per initial lot size (ex: 300 € per 0.01)
TAKE PROFIT AND STOP LOSS
- fixed take profit size: expressed in pips
- fixed stop loss size: expressed in pips
-using the parabolic sar as a trailing stop loss: once the maximum Stop Loss level is exceeded, the EA will move the Stop Loss by parabolic points: activate or deactivate
-stop to breakeven after: when price moves to profit direction, after the specified number of pips Stop Loss is automatically moved to breakeven: activate or deactivate
PROTECTION PARAMETERS (each time you can activate or deactivate these parameters)
-maximum spread in pips: maximum spread allowed for opening orders
-max slippage
- max open trades per day
-maximum order per candle: only open one order per candle
- open only one order at a time
-hour start - the hour to start placing orders (e.g. set to 9 and the EA will start placing orders at 9:00 am);
-hour stop place orders - the hour to stop placing pending orders (open and pending orders will not be closed, but will be managed by Parabolic)
- do not take positions on Friday: true or false
ADVISOR PANEL SETTINGS
In automatic execution, possibility of displaying or hiding the adviser's panel: he must indicate at least the total profit made, spread in real time ...
From the panel, possibility to activate / deactivate "enable buy" or "enable sell", not to "take new positions" (positions open and pending orders will not be closed, but will be managed by Parabolic)
I don't have a clear idea of what other information to display on the sign; I rely on the experience of the developer, who can add to it the information he deems useful or user-friendly. The design and colors will be at the discretion of the developer.
The developer will have to perform a backtest to verify that all the functionality of the EA is performing correctly.
NB: if all the functionalities described in the above items must be integrated into the EA, the developer can arrange these parameters in the order he wishes, according to his habits, his own logic.
