Ea required using the williams percentage range indicator

Williams percentage range (WPR) 3VEA

Name: WPR3V

1. The idea of the trading system is as follows:

Two levels or percentage levels are set on the WPR indicator. When the WPR signal line crosses and closes above the -35 level then it is now in the buy Zone. The WPR signal line needs to stay above the -35 level and form three valleys or three V   pattern. The 3 Valleys need to be above the -35 level for the buy zone to be valid. On the formation of the 3  ^rdV then a trade will be opened. When the WPR line crossed below the -35 level then the trade will be closed.

When the WPR signal line crosses and closes below the -65 level then it is now in the sell Zone. The WPR signal line needs to stay below the -65 level and form three peaks or three inverted V  pattern. The 3 peaks need to be below the -65 level for the sell zone to be valid. On the formation of the 3  ^rdpeak then a trade will be opened. When the WPR line crossed above the -65 level then the trade will be closed.

Indicators

Williams’s percentage range (Standard MT5 indicator). Or

SC MTF Williams percent range  for mt5 (I use This indicator because its visually easier to see when the wpr signal line changes from up to down. Up and down are just different colours.

Period must be able to be set, we will use the standard period of 14 in all below examples.

Settings

For Buy trades I must be able to set buy zone percentage level.  

For Sell trades I must be able to set sell zone percentage level. 

Long trade (True) will only allow buy trades

Short trade (True) will only allow sell/short trades

Both (True) Trade long and short.

Stop loss: Set 0 if not used, Trades will close when wpr exits buy or sell zone

Take profit: Set 0 if not used, Trades will close when wpr exits buy or sell zone

Rules to buy or go long: WPR period set to 14

As per Figure 1

1. The WPR signal line crosses up the -35 level. This is now in the buy zone

2.  The WPR signal line pulls back and closes. Then goes back up and forms the first Valley or V. The V must be above the -35 Level to be valid.

3. The WPR signal line pulls back again and closes. Then goes back up and forms the second Valley or V. The V must be above the -35 Level to be valid.

4. The WPR signal line pulls back again and closes. Then goes back up and forms the 3rd Valley or V. The V must be above the -35 Level to be valid. When this 3  ^rdV is formed then a buy trade will be opened on candle close.

If the bottom of the V is formed below the -35 level then no trade must take place. The signal line will need to go back into the buy zone and form 3 Valleys again in the buy zone.

5. When the WPR signal line crosses below the -35 level then the trade will be closed.

Rules to sell or go short:

1. The WPR signal line crosses below the -65 level. This is now in the sell zone

2.  The WPR signal line pulls back and closes. Then goes back down and forms the first peak or inverted V. The peak must be below the -65 Level to be valid.

3. The WPR signal line pulls back again and closes. Then goes back down and forms the second peak or inverted V. The peak must be below the -65 Level to be valid.

4. The WPR signal line pulls back again and closes. Then goes back down and forms the 3rd peak or inverted V. The peak must be below the -65 Level to be valid. When this 3  ^rdpeak is formed then a sell trade will be opened on candle close.

If the top of a peak is formed above the -65 level then no trade must take place. The signal line will need to go back into the buy zone and form 3 peaks again in the sell zone.

5. When the WPR signal line crosses above the -65 level then the trade will be closed.

Fig 1

Fig 2

Generel

Must be able tp work on Synthetic indices, Forex.

I have had a programmer try try job and wasnt able to do it. Please make sure you can do it before accepting