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Indicators used:
MACD (settings must be controlled in the EA)
ATR (settings must be controlled in the EA)
Order Management
Only take pending orders
Buy Stop
Sell Stop
Placing orders
MACD has to cross the zero line and has to stay after candle close above/below zero.
Place Buy stop trade after candle close if MACD has crossed the zero line. Place Buy Stop ATR x factor (to be determined in EA) above high of signal candle.
Example EURUSD: candle closes at 1.1400, ATR for the time frame is 30 pips and the factor is 0.4, then buy stop has to be placed at 1.1412.
Example US30: candle closes at 35.000, ATR for the time frame is 1.000 points and the factor is 0.6, then buy stop has to be placed at 35.060
Vice versa for Sell Stop
#Rule 2
Pending order is valid for x candles (to be determined in EA). After closing of candle no. x, pending order is deleted
#Rule 3
Pending order is deleted when opposite signals comes, based on candle close
Money Management
fix lot size
% of equity
Trade Management
SL factor x difference between candle close and pending order (to be determined in EA)
TP factor the same
BE settings with BE after x percent of TP and BE + x pips
Miscellaneous
EA must have trading times
EA must have max spread
EA must work for FX pairs and indices
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