This EA’s building block is the Bheurekso Pattern (which uses price action) indicators.
Figure of Bheurekso Pattern on a Computer
Sample 1. Downtrend
Sample 2. Uptrend
Entry Rules
Sell
SELL when any of the following price action set ups form on the chart:
· Bearish Engulfing
· Bear Cross
· Dark Cloud
· Shooting Star
· Bear Harami
· Evening star
Buy Signals
BUY when any of the following price action set ups forms on the chart:
· Bullish Engulfing
· Bull Cross
· Bull Harami
· Bullish piercing
EXIT
· NOTE: Close the trade(s) on opposite signal as defined above (Bheurekso Patterns).
For example, exit BUY trade(s) if any of the SELL signals mentioned above form on the chart and vise-versa.
· Add new/more trades every time a new signal of the same NATURE/DIRECTION materializes.
· Keep holding Old Trades when a new signal of same NATURE/DIRECTION materializes.
NB: Same Nature refers to a BUY or SELL direction/signal. For example, if a BUY was entered when a bull cross formed, continue holding the buy trade(s) and if bullish piercing or any buy signal forms on the chart add new trade(s) as per new signal of the same direction ,the EA must close all trade(s) when any opposite SELL signal forms/appears ,and vise-versa.
· Enter a new trade(s) while holding OLD ONES of the same nature if a NEW SIGNAL of same nature materializes/appears.
No. of Trades Feature
· Include a feature which allows the user to specify the number of trades he or she wishes to place per signal (enables the user to open multiple positions for the same pair at the same time, when a signal materializes). For instance, if he/she specifies 2, the EA will open 2 positions when a signal materializes. The default should be 1.
Enter on first/second candlestick feature
--The bot should have an option to enter trade(s) when signal appears or on first or second candlestick after signal appears/forms.
Other Specifications
- The bot should work on ANY given chart ,even on multiple charts timeframes of the same asset/pair. (e.g. 1M usd/jpy ,5M usd/jpy ,15M usd/jpy ,1H usd/jpy all at the same time)
- The bot should allow the user to specify the lot size when dragged to a chart or open the minimal lot size for that asset.
- Allow the bot to take a lot size as small as 0.001 because the Deriv products I trade have these small sizes.
- Allow the indicator (Bheurekso Pattern) to be used as a resource. (I have sent both the indicator and its source code). I would love it incorporated in the EA such that if the EA is loaded on the chart, the indicator also appears on the chart.
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