Job finished
Specification
System is traded primarily on D1 charts with high winrate of about 80%. It is based on technical indicators and sound money management.
Indicators used :
Parabolic SAR (0.03, 0.02) - parameter for optimization in mt4 tester
Awesome Oscillator
Accelerator Oscillator (AC, Bill Williams - MT4 Built-in)
Stochastic (5,3,3)
Slope direction Line (setting of 15,3 - attached the .mq4 in attachment also with template)
Entry conditions for Long Position
Indicators >>
AO - green
AC - green
Stochastic - between 20 & 80 level (e.g. not oversold / overbought) and blue line is above red
Parabolic SAR - is below the candle
Slope line - has blue color
Entry >> At the candle close for the day (e.g. open of the next day candle) if indicators conditions are met
Stop loss >> value of PSAR
There are two positions or profit targets
PT1 - position has SL value of PSAR and profit target is (High - Low)/2 of entry candle (fixed profit target)
PT2 - positions has SL value of PSAR and profit target is trailed according to PSAR (acts as trailing stoploss / profit target)
In any case the SL for both postion are moved based on new value of PSAR
Explenation on the picture for long entry
Entry conditions for Short Position
Indicators >>
AO - red
AC - red
Stochastic - between 20 & 80 level (e.g. not oversold / overbought) and blue line is below red
Parabolic SAR - is above the candle
Slope line - red color
SL / PT are the same like explained on the picture above for long postions
P.S. System is purely mechanical and works with FX majors. EA shoudl have also the possibility to calculate the
position size based on % risk of account and also fixed lot size.
Best regards,
MD