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Rules
Job finished
Specification
Price is negotiable. I can send all pictures to make sense
H4 Time Frame
I don’t have an indicator to detect HL, HH, LH, and LL.
There should be only three options: buy, sell, off.
I trade Fibonacci PRZ levels on the H4.
EA only looks for BUYS/SELLS when I draw a Fibonacci on my MT4 chart.
The EA will need to identify my Fibonacci levels.
M30 and M5 Time Frames
M30 and M5 need to work together. Two charts are needed for this EA to work on one pair.
Support is always a Bearish then Bullish candle on M30. Only one candle must touch Fib level. (See M30 Support)
Resistance is always Bullish then Bearish candle on M30. Only one candle must touch Fib level. (See M30 Resistance)
When I draw the Fib on H4 that means on M30 support needs to form for Buys. (See Support Buy photo)
When resistance forms, then the EA should look for Sells. (See Resistance Sell photo)
ENTRIES BUYS/SELLS
After that it’s time for EA to start looking for entries on M5.
EA needs to be able to recognize Break of Structure (B.O.S.), Higher Lows, and Lower Highs only on M5 time frame.
**1st type of entry is when in BUY mode the market must break the last LOWER HIGH on the M5 chart to start looking for BUYS. A break in the market is 2 BULLISH candles.
When that happens, EA enters trade on the first HL engulfing candle. (See Buy mode M5).
*When in SELL mode the market must break the last HIGHER LOW on the M5 chart to start looking for SELLS. A break in the market is 2 BEARISH candles.
When that happens, EA enters trade on the first HL engulfing candle. (See Sell mode M5).
EA must be able to trade multiple pairs without any conflict.
**2nd type of entry would be when EA is in Buy mode and market starts to make HLs on 5 min chart. When the market finally breaks the last LH, the EA opens trade when 2 GREEN (Bullish) candles closes. The BLUE marks represent the market making HL Prior to a Break of Structure (See Prior BOS Buy M5).
When EA is in Sell mode and market starts to make LHs on 5 min chart PRIOR to a Break of Structure. When the market finally breaks the last HL, the EA opens trade when 2 RED (Bearish) candles close. The RED marks represent the market making LH Prior to a Break of Structure (See Prior BOS Sell M5).
STOP LOSS
Previous LL should be a SL for Buys but adjustable by me.
Previous HH should be a SL for Sells but adjustable by me.
If the last HH/LL is too high, pip wise and over a certain amount, then it should have an option to how many pips is acceptable for that pair.
*For example, if the last HH and entry has 100 pips in between them that’s too much. The SL I would set for that pair would be 40 pips. So, I would need the EA to calculate which is a better reward and make that decision. In this case, the EA must choose the 40 pip SL I set for it. This would apply for Sells also. (See Acceptable and Unacceptable Stop Loss Pics).
