EA DESIGN PROTOTYPE 2 (Victoria x1)
If 07:00am(GMT+1) candle closes above(up) its opening price then EA can consider taking a BUY order
as soon as the next candle shows i.e. 8:00am candle shows (the new candle), BUT THE EA MUST take note of the following conditions before executing a BUY order,
THE conditions goes as follows:
1. EA waits till 08:30am (30 min after the new candle has print)
2. IF by 08:30am the new candle price is still above {BULLISH} the closing price of 7:00am candle(the previous candle)
3. EA can take a BUY order only if this first 2 conditions are met
ELSE: it should not execute any order again for the LONDON SESSION for the day, But it can wait for the opening of the next candle 9:30am(only if number of order per day for LONDON SESSION/NEWYORK is set to 2 or more) and then
it can retry and reconsider the same 2 conditions again (i.e. if its previous candle closes above or below to reconsider for a buy or sell) before taking another order.
(5 pips T.P, 10/15 pips S.L) these parameters (T.P $ S.L) can be adjusted in the EA settings.
LIKEWISE
If 7:00am(GMT+1) candle closes below(down) its opening price then EA can consider taking a SELL order
as soon as 8:00am candle shows BUT THE EA MUST take note of the following conditions before executing a SELL order,
THE conditions goes as follows:
1. EA waits till 8:30am (30 min after the new candle has print)
2. IF by 8:30am the new candle price is still below {BEARISH} the closing price of 7:00am candle(the previous candle)
3. EA can take a SELL order only if this first 2 conditions are met
ELSE: it should not execute any order again for the LONDON SESSION for the day, But it can wait for the opening of the next candle 9:30am(only if number of order per day for LONDON/NEW YORK SESSION is set to 2 or more) and then
it can reconsider the same 2 conditions again( i.e. if candle closes above or below to reconsider for a buy or sell) before taking another order
(5 pips T.P, 10/15 pips S.L) these parameters (T.P $ S.L) can be adjusted in the EA settings.
(preferable 1 hour time frame for the EA ,but could be used on other time frames and should be able to work on any forex pair even metals and crypto)
NOTE: EA can trade during LONDON SESSION {7:00am to 12:00pm} (GMT+1), its order sequence goes like this
1. By 08:30am if any of this above conditions are met ..E.A should take an order (BUY/SELL) if not it should not take any order for the day for LONDON SESSION ,
But it can wait to retry again at 09:30am only if the number of order for LONDON SESSION is set to 2, and if the above conditions are not still met after 2nd try it should not take order and so on,
it can also retry at 10:30am only if the number of order for LONDON SESSION is set to 3,
it can also retry at 11:30 am only if the number of order for LONDON SESSION is set to 4
which is the maximum number of times the EA can execute an order for LONDON SESSION per Day.
IF number of order for LONDON SESSION is set to ZERO that means EA should not execute any order during LONDON SESSION for the day.
LIKEWISE
NOTE: EA can also trade during NEW YORK SESSION {1pm to 5pm} (GMT+1), its order sequence goes like this
2. By 01:30pm if any of this above conditions are met ..E.A should take an order (BUY/SELL) if not it should not take any order for the day for NEW YORK SESSION
But it can wait to retry again at 02:30pm only if my number of order for NEW YORK SESSION is set to 2, and if the above conditions are not still met after 2nd try it should not take order and so on,
it can also retry at 03:30pm only if my number of order for NEW YORK SESSION is set to 3,
it can also retry at 04:30pm only if my number of order for NEW YORK SESSION is set to 4.
which is the maximum number of times the EA can execute an order for NEW YORK SESSION per DAY.
IF number of order for NEW YORK SESSION is set to ZERO that means EA should not execute any order during NEW YORK SESSION.
============================================================================================================================================
EA Settings Layout
VARIABLE VALUE
INPUT *TRADING DAYS
Monday true/false
Tuesday true/false
Wednesday true/false
Thursday true/false
Friday true/false
*NO of order for LONDON-SESSION (0 to 4)
{7am-11am GMT+1)
*No of order for NEWYORK-SESSION (0 to 4)
{1pm to 5pm GMT+1}
*LOT-size for each order ( )
*T.P for each order ( in pips )
*S.L for each order ( in pips )
*use TRALING stop true/false
trailing stop pips (in pips )
trailing step pips (in pips )
*MAXIMUM spread ( )
{if current spread is higher than max spread
set EA should not execute any order}
*MAXIMUM loss per day in % of total capital (in % )
please kindly include signal notification option for EA so it can send signal to email and alert notification as soon as it takes an order
Thank you.
AUTHOR: TIMOTHY ODEBODE
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