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Specification
Summary of Request :
Expert Advisor - Trend Line UP ( By Duran )
EA based on 4 indicators (ATR indicators)
Combination of one or all 4 to enter the operation
Mode A : A single Time Frame to one, two or even 4 combined indicators to enter the operation
Mode A/B : Two Different Time Frames ( A lower and B higher TF ) combination of up to 8 indicators ( Mode A and B ) to give signals of entry
(Like Alexander Elder Triple Screen System ) but with 2 TFs instead of 3..
Buy and Sell mode EA ( Same logic for both buy and sell trend entries )
The EA should have:
3 Partial Realizations
Take Profit per trade
Take Profit per Day ( Finantial Management )
Trailling Stop ( Use of 2 of the indicator as Trailling stops or % gain, points,pips)
Finantial Risk Management ( Daily Profit or Loss / Weekly / Monthly )
Break Even
Stop Loss
Possibility of Reentry in case of Stop loss ( if all the indicators remain appointing the same direction trend ) and no operation is in course in that graph/pair/cfd/bond.
Possibility of choosing Day of Week to trade ( Monday to Sunday – True /False)
Possibility of choosing time to open and to close Mode A and Mode A/B individually ( example : Mode A in the morning and Mode A/B in the night) defining time 00:00 to 00:00h
Possibility of a News Filter to avoid operation of Great impact ( 3 Figures in free sites like Investing or Forex Factory )
Define Different Passwords to access the EA ( per number of contracts and per kind of Market ) Even for Demo or Real Accounts .
Mode A / B (Explanation )
Two Different Time Frames ( A will be the smaller Time Frame and B the Higher such as M3 and M 15 for example )
Mode B Will allow that new combinations of these 4 indicators will be chosen again ( or even the 4 of them ). But in another Time Frame ( A Higher Time Frame ).
The Mode A/B chosen means that the operation will confirm and be set ONLY WHEN ALL THE INDICATORS CHOSEN in the 2 different Time Frames point the same direction of the trade, allowing the operation to start.
Example : M3 indicators say BUY and M15 indicators say buy too. Only when this happen, the operation will begin and the start will be the breakout of the price of the last bar that gave condition ( breakout or entrance or range bar, same options of mode A )...
The entrance of the operation will follow the Mode A or B ( set can be chosen by trader )
This will be like Triple Screen from Alexander Elder, letting the trade when in Mode A/B only when 2 different Time Frames are in the same condition and letting the trader choose if the operation will go from TF A or TF B.
With this, up to 8 indicators can be alligned to give the entry for buy or sell operation.
Best Regards ! Duran