One timeframe EA

ONE TIMEFRAME EA

INDICATORS

-          Moving averages x 2  

-          Momentum

-          Parabolic SAR

Buy Trade

Momentum is higher than 100, end of candle ( I need to be able to adjust this value)

Moving Average ( MA ) 1 is above MA2 or moves above by end of candle (need to be able to change values on MA's)

PSAR on buy and 3 pips already in buy.

A trade to open when all three conditions met in ANY order.

Sell Trade

Momentum is below 100, end of candle  ( I need to be able to adjust this value)

Moving Average ( MA ) 1 is below MA2 or goes below by end of candle(need to be able to change values)

PSAR on sell and 3 pips already in sell.

A trade to open when all three conditions met in ANY order.

Rolling stop of the PSAR too. 

Stops

Take profit level reached – when level is reached the trade will close, ie 100 points.   In the case of a Buy trade a new position will not open until the PSAR has gone into sell then back to buy – as long as all trade conditions met.   Vice versa for a sell.

OR

Stop loss level reached – stop loss level is reached and trade closes, ie 100 points.  New trade not opened until, in the case of a Buy trade the PSAR has gone into sell then back to buy – as long as all trade conditions met.   

OR

PSAR  - changes ie from buy to sell, or from sell to buy.

OR

Trade time ends – need to set certain hours of the day to trade.

The attached chart show entry points for trades. 

Lets say the Take Profit level is 30 points

For Arrow 1 the take profit will close the trade and then wait for new conditions to occur.

Arrow 2 will close on either the PSAR change to buy or the stop loss being reached

Arrow 3  will close on either the PSAR change to buy or the stop loss being reached

Arrow 4 the take profit will close the trade and then wait for new conditions to occur.