All orders
Rules
Specification
(see diagram provided)
Trade Entry Settings:
1. Lot size per trade by two options:
Option 1 - Lot size (allow 2 decimal places) (default 0.01)
Option 2 - Risk % (Risk % of equity based on the initial SL size (i.e. size of trigger candle) Allowing for 1 decimal place (X.X%) - Include any SL buffer if it is added - Include spread size and commission (default 0.1%)
2. SL buffer (extra room to add to SL) - ON or OFF
Option 1 - Points (default 0)
Option 2 - Percentage size of the trigger candle (default 0)
3. Entry buffer (extra room to add before entering trade after next candle breaks the trigger candle high or low) - ON or OFF
Option 1 - Points (default 0)
Option 2 - Percentage size of the trigger candle (default 0)
Trade Management Settings
1. Move SL to break-even option - ON or OFF
Option 1 - After 'X' pips (default 0) + (Add spread + commission automatically)
Option 2 - After 'X' ratio of SL size (e.g. 0.5 means after position moves by 0.5 of trigger candle length- move SL to BE) + (Add spread + commission automatically)
2a. Move SL to X ratio of Trigger Candle (SCENARIO 1) - ON or OFF
This option moves the SL depending on how far price has moved. E.g. If price moves 0.5x of trigger candle size in profit, move the SL to half way along the trigger candle (0.5X). There there will be two inputs:
a. First input is 'X' value input as a proportion of the trigger candle length (e.g. 0.5X) for how far price needs moves in profit first
b. Second input is 'X' value input as a proportion of the trigger candle length of how far SL moves when price moves the distance in the first input (e.g. 0.5X)
2b. Move SL to X ratio of Trigger Candle (SCENARIO 2) - ON or OFF
This option moves the SL depending on how far price has moved. E.g. If price moves 4X of trigger candle size in profit, move the SL to 3X along the trigger candle (3X). There there will be two inputs:
a. First input is 'X' value input as a proportion of the trigger candle length (e.g. 4X) for how far price needs moves in profit first
b. Second input is 'X' value input as a proportion of the trigger candle length of how far SL moves when price moves the distance in the first input (e.g. 3X)
3. Trailing stop option - ON or OFF (Important - If this feature is on, then Options 1 and 2 above must be disabled)
a. When to start trailing: after price moves 'X' value as a proportion of trigger candle size (e.g. if x=1, trailing starts after price moved in profit 1x the size of the trigger candle)
b. Trailing step as a proportion of trigger candle size (e.g. trail SL every time price moves by 'X' as a proportion of trigger candle size)
c. Trailing distance as a proportion of trigger candle (e.g. move SL up by 'X' as a proportion of trigger candle size during every step)
Operating Features:
1. Option for Stop loss and Take profit to be virtual - managed by the EA and not placed in the broker orders - ON or OFF
2. Time period (XX:XX to XX:XX) for no trading - ON or OFF
3. Increase SL size by 'X' multiplier during a time period - And if SL has already moved to BE move it back to original SL with the 'X' multiplier- ON or OFF
a. 'X' multiplier
b. Time period (XX:XX to XX:XX)
Important: Change the SL back to its original position (and back to BE if it was previously BE) after this time period is over
4. Max spread settings (default 0 points) - only allow entry to be taken if spread is lower than this
5. Show Bollinger band settings
6. Identify Trigger candles with a blue dot above or below the trigger candle - ON or OFF
7. Commission input of $USD per lot round turn
