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A bar makes a NEW DAILY high and closes. Next bar fails to make a
higher high and reverses. Sell when price drops below the open price of
the current bar.
A bar makes a NEW DAILY low and
closes. Next bar fails to make a lower low and reverses. Buy when price
rises above the open price of the current bar.
In the form of yes/no or true/false questions.
1)
Did a new daily high or new daily low happen during the previous bar.
If YES/TRUE go to question 2, otherwise find another pair.
2)
Did this bar test ( get near ) the new daily high or new daily low of
the previous bar. If YES/TRUE go to question 3, otherwise find another
pair.
3) Has price returned to the open price of the
current bar. If YES/TRUE enter the trade in the direction price is
crossing the open, otherwise do not enter the trade.
I'll forward a link of forum where all this is defined and many pages are displaying the strategy. Developer must go to the forum pages, read from there and draw concluions, logic.
Also, it's a must for developer to test the EA before submitting the demo to me. I'll need the screenshots of both back test and live demo test before the inital version is provided. I'll not accept the demo product that's not tested y the developer.
EA must be able to trade forex, indices, futures, commodities.
EA must be able to trade any timeframe defined
EA must have ability to have stop loss, take profit defined including selection for Spread for both SL and TP.
EA must have ability to select days and time of week when to trade.