ORB STRETCH EA

The following specification is intended to clarify the work scope and form a reference for the programmer to work to.

Please read the specification though first and ask for any clarifications required prior to starting the job.

• General trading controls for this EA will be
• Trading hours- sets when to place orders in the morning and when to close trades for the day.
• Trading days – allows us to select the days we will trade from - M T W T F  
• Calculation of the STRETCH 10MA for last 10 days – trading on the day chart based on the Open Price and the High and Low for the previous day. The “day” is defined as the prices between open and close hours as if this was one candle with an Open, High, Low, and Close, prices
• Order placing order is placed at
• open plus the stretch value and
• open minus the stretch value
• When one of the two orders are triggered the other order is closed the open trade stop loss is set at the value the other order was closed at.
• Trade Closing – Trade will be closed at the trade closing hour or at the SL being triggered.  
• Lot size lot size will be set manually or by money management  
• Money management – is a % number which is the percentage of the pot to be risked in the event the SL is hit. The SL size will be 2 x the Stretch Value if it is hit.
• Volatility trade blocker the amount of ticks in the day divided by the minutes of the day will give the average Ticks per minute if the volatility is running above 5 times the average it will not place the orders
• Max Spread trade blocker if the spread is above 2 pips (Variable)
• Trend indicator should be the 100 day old price against this last complete day price. If this is not at least 5 times (Variable) the Spread then the market is turning

Indications on the Chart

• 100day opening price difference  (Trend)  show variable as well
• Show stretch for todays trading
• Show Open High Low Close and as calculated by EA
• Show High-Open and Open minus Low  Values
• Show order open values for buy and sell
• Show SL when order is open
• Show biggest Stretch since over last 100 days (0 not shown)
• Shows cumulated profits or losses over last 100 days
• Show price difference since 100 day start labelled the change in D1 to D2