All orders
Rules
Job finished
Specification
Description.
Order block EA will work by determining order blocks when a break of structure occurs. When a break of structure to either side is noticed, the EA will set a limit order, using the last contrary candle as it’s point to be set.
The limit order will be set the top or bottom of the last contrary candle (Which ever is closest to current price), but must be set at the top / bottom of the wick and not the body.
Price does not need to be consolidating to identify the break of structure, just a clear break of any high / low points on the applied timeframe.
In addition to breaking structure, there needs to be an option to how many candles of the same colour need to close in order to verify that break of structure. For example, 1 will mean any 1 single candle that closes above / below the previous high / low, the EA will then set a limit order on the previous contrary candle wick. Another example of this, If set to 3 and on the 5 min timeframe, and there is a bullish move and the upside and price makes new highs, in order to verify this, during that move to the upside there needs to be 3 green 5 min candles close one after the other, if so, it will then set the Limit Order on the very top of the wick of the previous red candle.
It also needs to be able to trade between certain times of the day to isolate to specific trading sessions. When this time is up, all unopened limit orders must close. If left on default (00:00) the EA should trade 24/7.
EA should apply the rules to what ever timeframe it is set on.
There must be options on the interface of the EA to change the following;
Magic Number: (Insert magic number)
BOS candle number: (Insert number of bull / bear candles need to close in a row to verify the BOS)
Lots: (Insert the lot size for the trades)
SL: (Insert value in pips)
TP: (Insert value in pips)
Trade between: (Insert start time for EA to trade) / (Insert time for EA to stop trading & all unopened limit orders closed) Left at 00:00 on both means it trades 24 hours a day.
Sell orders: (If True it opens sell orders for the given strategy)
Buy orders: (If True it opens buys orders for the given strategy)
Break even: (Number of pips the price must reach for SL to be placed to BE, 0 = no affect)
Trailing Stop: (Insert number of pips price must reach to activate, 0 = no affect)
Trailing Step: (Insert value pips for the gap between price & new SL when trailing stop is met, 0 = no affect)
Spread: (Insert Max spread in pips the EA will allow the trade to be placed, to help avoid large spreads 0 = no affect)
Max number of trades: (Insert value of limit orders / active trades the EA will have open at any one time, if limit reached no more orders open 0 = no affect)
Options I would like, but not necessary if they are too difficult.
SL %: (Insert value % you would like to risk v equity, this would use the SL provided, and work out how many lots you would need to risk x% as per your total equity)
Hard SL: (Insert value of % of equity lost on before EA becomes inactive & closes all open limit orders or active trades)
Please make sure you read this in full before applying for the job please. I have attached some screen shots to help explain how this strategy will look and work.
