Omari

                                                                                                                                    OMARI CANDLEHEAD

This Ea make orders base on three conditions. These conditions should follow one another eg,if condition 1 occurs ,ea should wait for condition 2 to occur and lastly condition 3 to happen before order is placed. Ea uses two indicators (Stochastic for condition 1, 2 and Trendsignal for condition 3)

BUY ORDER

Condition 1 : This when stochastic is in an oversold position on the current time of the open chart.eg if Ea is open on the 5min chart immediately the 5min chart is in an oversold position the first condition is meet.

Condition 2: This is when Ea seeks confirmation of stochastic oversold position from a bigger time frame (user’s choice of time frame) eg.this is where Ea monitors another time frame of user’s choice for confirmation of oversold position.

Condition 3: This where after condition 1 followed by condition 2 has occurred in that order the last confirmation is from trendsignal.This condition is satisfied when trendsignal give an upward arrow signal on the chart which Ea is on. The buy order is made at the opening of the second candle stick after the buy arrow.

SELL ORDER

Condition 1 : This when stochastic is in an overbought position on the current time of the open chart.eg if Ea is open on the 5min chart immediately the 5min chart is in an overbought position the first condition is meet.

Condition 2: This is when Ea seeks confirmation of stochastic overbought position from a bigger time frame (user’s choice of time frame) eg. This is where Ea monitors another time frame of user’s choice for confirmation of overbought position.

Condition 3: This where after condition 1 followed by condition 2 has occurred in that order the last confirmation is from trendsignal.This condition is satisfied when trendsignal give a downward arrow signal on the chart which Ea is on. The buy order is made at the opening of the second candle stick after the sell arrow.

Other features of EA

1,Ea should have take profit ,stoploss ,trailing stop, breakeven(breakeven should be in two parts ,profit =0 and take profit move )

2,Ea should have trading time frame, time to start and stop trade

3,Ea should have daily profit target for the day, immediately profit target is meet Ea stops trading.

4,Ea should indicate on chat when condition 1 is met ,waiting for condition 2 to happen ,followed by condition 3 before making an order.