I am looking
to make New EA according to following rules.
1. I have indicator which give a SELL or
BUY signal according to following rules
Important Rule
#1: Do not use the indicator on a flat market! Use the indicator ONLY at active
market hours – for example London session, US session. Trend will not be
noticeable on a weak market (night time, Christmas period, other holidays etc…)
-
Need
to add function where I can set time to open trade.
Important
Rule #2: -
Identify a global trend. - Ignore all signals
against a current GLOBAL trend! - Try using the informer to find out how strong
the current trend is. Example: Global trend is up – but you get a “sell” signal
( ignore it and wait for a “buy” signal to enter) This is the most important
rule,
Important Rule #3:
The next
highly important rule: Do not trade and do not use the indicator on a sideways
trend. This is a “MUST follow” rule.
Setup SL and
TP according to indicator setup.
EXIT trade :
1. exit from trade when its hit TP
2. (only close on this if its positive)
If you enter
on a buy signal (buy) - exit as soon as a sell signal is generated (yellow). If
you enter on a sell signal (yellow) - exit as soon as a buy signal is generated
(blue)
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Rules