Job finished
Specification
FOR 5 digits MT4 Plateform
Risk Management : Account Currency : USD
1. Risk Capital, RC = % of Account Balance ( % MUST be an INPUT !!)
2. Determine Margin Requirement for 1 standard Lot = MR (= 100000/400 * Exchange Rate )
3. Assume Initial Lot Size , ILS = 0.01
4. Calculate Maximum DrawDown, MD = 59.5 *ILS * ATR(14)
5. Calculate Maximum Margin Requirement , MMR = 20 * ILS * ATR(14)
6. Calculate Ratio = RC / (MD + MMR), If Ratio >= 1.00 THEN set LS = ILS ==> OPEN Buy Order
If Ratio < 1.00 THEN increase ILS by 0.01 until Ratio >= 1.00 ==> OPEN Buy Order
1. Working on M15, M30 ans H1 Time frame using HEIKEN ASHI CHART
2. For BUY trades only
3. Place BUY order after a WHITE bar is fully formed after a RED bar on the Heiken Ashi Chart.
4. Conditions for ENTRY : ATR (14) >=6 for M15, , 10 for M30 and 15 for H1 time frame. ( Min ATR(14) should be set as INPUT variables )
5. After BUY Entry, Modify Order to set TP = Entry Price + 3 * ATR(14) and Stop Loss = Entry Price - 3 * ATR(14)- Spread
6. NEXT, Open Pending Order ( SELL STOP) at Price = Entry Price - ATR(14), and
Take Profit = Entry Price - 3 * ATR(14) and Stop Loss = Entry Price + 3 * ATR(14) + Spread
Lot Size = 1.6 * LS
7. IF (6) above is HIT, then Open Pending Order ( BUY STOP) at Initial Entry price with Take Profit & Stop Loss same as (5) above
BUT with Lot Size = 1.2 * LS.
8. IF (7) above is HIT, then Open Pending Order (SELL STOP) same as (6) above BUT with Lot Size =1.9 * LS
9. IF (8) above is HIT, then Repeat (7) above BUT with Lot Size = 2.6 * LS
10. IF (9 ) above is HIT,then Repeat (8) above BUT with Lot Size = 4.0 * LS
11. IF (10 ) above is HIT,then Repeat (7) above BUT with Lot Size = 4.5 * LS
12. IF (11 ) above is HIT,then Repeat (8) above BUT with Lot Size = 7.0 * LS
13. IF (12 ) above is HIT,then Repeat (7) above BUT with Lot Size = 10.2 * LS
14. IF (13 ) above is HIT,then Repeat (8) above BUT with Lot Size = 15.0 * LS
15. IF (14 ) above is HIT,then Repeat (7) above BUT with Lot Size = 20 * LS.
16. IF (15 ) above is HIT,then Repeat (8) above BUT with Lot Size = 30 * LS
17. EXIT RULES : If price reaches { Entry Price + 1.5 * ATR(14)} BEFORE the 1ST Pending Order is HIT then move STOP Loss to Break Even,
and Take 50% Profit, Remove TP and let price move until a RED Candle is formed, then exit the trade.
18. Close All Open trades including Pending Order after either Take Profit Target hit or Trade Exit as (17) above.( Note : Close all Orders is needed here !)
19. Look for New trade after all existing trades are closed.
NOTE : After trade is opened, it should be able to be manually intervened.
INPUT VARIABLES : 1. Minimum ATR(14) for M15, M30 & H1 time frame.
2. % Risk of Capital
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