All orders
Rules
Specification
Hello,
I'm searching for a skilled and reliabel developer to create an EA on MT5 based on my supply & demand strategy.
The strategy:
Supply & demand:
- The EA has to recognize a break of structure and sign it with a horizontal line to make the bos visable
- After a BoS we most likely leave an imbalance behind (in an uptrend its the last red candle for example) The candle must have free space which didn't get touched (gap) by another red candle or it gets invalid.This candle defines the area for our possible entry.
- Mark the high and the low of the imbalance candle as rectangle
- When the price reaches the rectangle (area) the EA has to put a Stop order above/below the rejection candle. If we need more than 2 candles to close outside of the area the setup becomes invalid and the stop order gets deleted. We define the rejection candles in two different options.
Rejection candles:
- 1. Option: The EA places a stop order once a candle (1. or 2. candle touching the imbalance...if more the setup becomes invalid) closes above/below the imbalance area. Name this option "Confirmed entry"
- 2. Option: The EA places a stop order above/below the first candle which touches the imbalance area
High probability Setup (should be an option!):
- Confirmation of a 5 Minute Chart Entry only entering in an imbalance candle of the 1hr timeframe. So we use the EA on a 5 minute chart and a supply/demand setup is only valid in a imbalance zone of 1hr timeframe.
Mark 1hr imbalances rectangels in M5 Chart.
It should have several options:
Order options:
- order open "X" lot
- order open "X" % of the overall amount of the account (for examply all trades we risk 1% of the account, it has to count the SL in of course so it's not risking more than the amount of 1%)
- only place orders between "X" time. For example 14:00 - 17:30 GMT
- filter news (optional= no news trading allowed)
- "X" max trades per pair
Management:
- SL to breakeven after 1:1
- Close 50% at 1:1, rest of the position move to breakeven
- close position or partials (X%) at EMA 13 close below/above depends on the trading direction (if uptrend and we're in a long position, it takes TP when a candle closes below the 13 EMA)
