Hi I have an indicator system which i like to turn into an EA based on the rules. Please find pictures attached and rules below:
Long Entry Trades
1. Wait for at least 2-3 Yellow lines to be on top of indicator
2. 2.1. If the price is above the indicator wait for it to retrace to the indicator
2.2. If the price is below the indicator wait for the first bar to close above or very close to indicator
3. For conservative entries wait for the text to say “TREND UP” just like the image on right
4. Wait for a bull candle to close above the indicator.
5. At the open of next candle if the yellow line is still on top of indicator place the entry.
6. Place your Stop Loss 2-3 pips below the indicator or swing low point (whichever is closer). TakeProfit will be 1.5 times your StopLoss value, e.a. if your StopLoss is 10 pips then your TakeProfit should be 15 pips
Short Entry Trades
1. Wait for at least 2-3 Yellow lines to be on bottom of indicator
2. 2.1. If the price is below the indicator wait for it to retrace to the indicator
2.2. If the price is above the indicator wait for the first bar to close below or very close to indicator
3. For conservative entries wait for the text to say “TREND DOWN” just like the image on right
4. Wait for a short candle to close below the indicator.
5. At the open of next candle if the yellow line is still on bottom of indicator place the entry.
6. Place your Stop Loss 2-3 pips above the indicator or swing high point (whichever is closer). TakeProfit will be 1.5 times your StopLoss value, e.a. if your StopLoss is 10 pips then your TakeProfit should be 15 pips
Input parameteres:
1. Money Management
2. Manual Lot Size
3. Trailing stop
4. Risk percetage per trade
5. Partial Closing
6. Take Profit (ability to calculate the TP based on the SL Set) 1 to 1.5 ration but option to be open.
7. Stop Loss (ability to choose manual or strategy based where indicator low/high point becomes stop loss.
8. trading hours
9. Conservative mode - with the large trend button confirmation
10. Aggresive mode - with out the large trend button conformation.
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