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Rules
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Specification
This EA is designed to provide either a “signal” or alert that the user can choose to action manually, or can be toggled on or off to automatically open a position based on the configuration of the EA, and provide a push notification.
MT4 operation only.
Key operational parameters
- The EA shall firstly observe a moving average cross over in either a bearish or bullish market on the current timeframe.
- The moving average values shall be configurable by the user. Exponential, smoothed or simple moving average can be selected.
- Once a cross over is observed, the EA is to wait for a pullback, the depth of which is configurable in pips by the user.
- Once the price rises back above (or falls below, if bearish) the price at the point the moving averages crossed over, a configurable amount of extra pips is to be observed to confirm the trend, before a trade can be opened.
- A minimum and maximum pullback depth in pips shall be configurable by the user, if the price goes outside this range, the signal is voided.
- If the pullback exceeds the value configured, the “signal” if you will, is voided.
- A period of time in candles before the EA aborts the trade shall also be user configurable. For example, if the pullback does not happen inside, say 10 candles, it aborts.
- User configurable take profit, stop loss, break even and lot size.
- a single trade only per cross over and pullback.
- There is no close signal, it is up to the user to specify a TP that is likely to be hit, or a trailing SL.
- Option to toggle on or off Trade entry confirmation using a user configurable higher or lower timeframe and moving averages on that selected time frame.
The developer shall be willing to undertake modifications on a fee for service basis to the EA as nothing is perfect first time around.
