All orders
Rules
Job finished
Specification
ENTRY CRITERIA
Above is an example where the EA should place a sell order.
Condition A: Z-Z line breaks below the previous lowest support
Condition B: The CCI is below the -100 zone
Condition C: The break-out number of pips as per the above strategy should be included, and be part of the input area, e.g. 5 pips or N number of pips from the break out level.
When condition A and condition B and C are met a sell order should be triggered.
** Note: 1** Regarding the buy orders, the opposite as per the above chart should take place.
**Note: 2** Once the EA triggers an order and then the order is closed, it should NOT immediately open a second order until the next criteria are met **
We would like to have an input area. On this input area of the EA we could play with the values of the parameters, to have the flexibility of adjusting the parameters for both Z-Z and CCI.
For example, maybe we wish to input different values for Zig-Zag, or for CCI to use a different period, or levels such as -200 or +200 or other values. We should be able to adjust these values, our strategy.
SELL EXIT CRITERIA (Attachment 2) - STOP LOSS for sell order (**the opposite in the scenario of a buy order**)
1) Also, in the input area we would like to have the option to choose a manual Stop loss with N number of pips.
2) Important Note: Assuming that a sell signal took place, but the distance from the selling entry point to the previous highest Z-Z level is less than 50 pips, then the Z-Z stop loss should be triggered (the previous highest level)
SELL EXIT CRITERIA (Attachment 2) - TAKE PROFIT for sell order (**the opposite in the scenario of a buy order**)
1) Regarding, the Take Profit parameter we should be able to choose from the input area the N number of pips we want our order to close at a profit.
RISK AND MONEY MANAGEMENT (INPUT AREA PARAMETERS)
1) The lot size to be adjusted every time as per the latest account balance (we should be able to place on the input area a % rate)
OR 2) to simply place the number of lots on the input area and be the same every time unless we change it every time by ourselves.
