Specification
Project Description Document
BOMBOTIC (EA)
- To open trade (long and short), ALL OPEN trade settings must be true.
- To close a trade ONLY 1 SINGLE setting must be true.
ADJUSTABLE PARAMETERS
The parameters you will be able to adjust with the cBot are listed below:
1. Symbol (default USDJPY)
2. Lot Size (default 1000)
3. Timeframe (default 15 minutes)
4. Long Trades (Yes)
5. Short Trade (Yes)
INDICATORS
List all the indicators to be used below.
· Ichimoku Kinko Hyo (Senkou Span A and Senkou Span B only )
Settings of Ichimoku Kinko Hyo;
Tenkan Sen Period = 9
Senkou Span B period = 52
Kijun Sen Periods = 26
Long Trades
Opening a Position
All the signals below must be true to open a long position.
● Price must cross and close above the Senkou Span B.
Closing a Position
Close long as soon as 1 of these signals happen; no matter which one the trade will close.
● Price crosses and closes below the Senkou Span B.
● Take profit
a. Set at Senkou Span A level at the time of opening position.
Test-Case
https://www.mql5.com/en/charts/14800386/eurusd-m15-metaquotes-software-corp an example of a long trade.
Short Trades
Opening a Position
All the signals below must be true to open a short position.
● Price crosses and closes below Senkou Span A.
Closing a Position
Close long as soon as 1 of these signals happen; no matter which one the trade will close.
● Prices crosses and closes above Senkou Span A.
● Take profit
b. Set at Senkou Span B level at the time of opening position.
Test-Case
https://www.mql5.com/en/charts/14800348/eurusd-m15-metaquotes-software-corp an example of a short trade.
Additional Trade Rules
· Trading system must be activated in the London session (7 am to 4 pm) only.
· Once a trade is entered 15 minutes before shut off time, the shut off time is extended to 6 pm.
· cBot must still be running even when the screen sleeps.