All orders
Rules
Job finished
Specification
Looking for EA including a simple strategy based on pure price action to find entries. Using a combination of candlesticks and indicators.
Final payment will be made after testing and sharing code. Any question let me know
Thanks
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NEW EA – Blade v0
EA should include the following:
Money management:
a. Lot size calculation two options:
i. Automatic lot size calculation based on account balance, no more than X% of balance account in each trade (leverage 1:500). (% adjustable)
ii.Manual Lot size for each trade (manual input adjustable)
b. Maximum # of simultaneous trades per currency (adjustable)
c. Maximum account Drilldown. STOP trading and closing orders if account balance below X$.
d. Maximum spread accepted. Adjustable value
2. Order creation:
a. Operating in multiple currencies & Time frames. Both adjustable parameters.
b. All orders must include TP & SL with following options
i. TP & SL adjustable parameters in pips
ii. Trailing Stop adjustable in Pips
iii. 2 Levels of TP & SL for simultaneous orders. (adjustable in pips). If more orders are created using setup of first level
c. Working in specific trading hours & days. Adjustable GTM time.
d. Selecting which day EA will operate. Ex Monday (Yes/No), Tuesday (Yes/No).
3. Strategy Entries:
Long
a. Price must break out of consolidation or a range prior to entry.
b. If price pierces the 20 EMA and closes convincingly above it, 1 full candlestick above 20 EMA, condition 1 (signal).
c. Next candle continues the move away from the 20 EMA, condition 2 (confirmation)
d. 2 buy stop orders are placed with entry 2 pips above the confirmatory candle.
e. Orders expire at the start of a new candle. For example, if entering limit orders on the five-minute chart, those orders will expire at the start of the next five-minute candle, unless they have already been filled by price action on the current five-minute candle.
Short
a. Price must break out of consolidation or a range prior to entry.
b. If price pierces the 20 EMA and closes convincingly below it, 1 full candlestick below 20 EMA, condition 1 (signal)
c. 2 sell stop orders are placed with entry 2 pips below the confirmatory candle.
d. Orders expire at the start of a new candle. For example, if entering limit orders on the five-minute chart, those orders will expire at the start of the next five-minute candle, unless they have already been filled by price action on the current five-minute candle.
Stop Trailing:
e. Once price has moved in favor of the trade by an amount equivalent to the initial risk, one of the orders is closed (due to its reaching take profit 1 level) and the stop loss on the remaining order is moved to breakeven.
Additional filters:
f. ADX: Take the trade only above X value (default 25). (adjustable Off/On).
g. Slow moving average to confirm trend (ex: EMA 50). Trade must be taken if both EMA going same direction. Adjustable (Off/On).
Reference Control Panel
1. EA will enter a deal in the direction of the trend at the close of every candle at the price of the closed candle.
2. The trend is determined by 2 moving Averages (a slow one and a fast one). Both
3. Limit the number of open deals you what to allow.
4. Every transaction can be given a target and a stop. Reaching the target or being stopped out is one-way transactions are closed.
5. When the trend changes from for example a Buy to a Sell you can decide if you want to keep open transactions open or to close them all. That is another way transactions are closed.
6. ADX indication to filter out transaction that occur in sideways markets. The ADX measure the volatility and trendiness of a currency.
7. Position size your trades for this EA on a fixed lot or % of your account/equity/free margin basis
8. Use a flexible trailing stop or a breakeven stop to manage profitable deals.
9. Determine the time of day you want to allow the EA to open deals
10. Determine the Day of the Week you want the EA to open deals.
