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Hi,
I would like an EA created based on my LT Pulse squeeze indicator that I have. I would like to stress that this squeeze indicator must be used and not any other squeeze indicator such as BBSqueeze. I would also like to mention that you can't access the code of this indicator as it is locked (unless you know how to unlock the code). The indicator needs to be installed using Windows installer and then needs to be authorised online which is a simple process.
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Strategy
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1). 8 EMA and 21 EMA crossover must be confirmed after a closed bar on the 30 minute timeframe.
2). Once a squeeze (red dot(s)) forms on either the 5 minute or 15 minute timeframe and fires in the direction of the crossover trend on the 30 minute timeframe, a position should be opened on the close of that bar. Only the first squeeze fired should be taken. The EA should not open any new positions if the squeeze fires again. It should only take new trades after the MA's have crossed over again.
3). For 5 minute timeframe squeezes that have fired, the stop loss should be placed by counting back 25 bars and placing the stop loss 5 pips below the bottom of the lowest bar (for a buy position). For a sell position, the stop loss should be placed by counting back 25 bars and placing the stop loss 5 pips above the top of the highest bar. Important Note: If a squeeze has fired on a 15 minute timeframe, the EA should manage the trade using the 5 minute timeframe. The EA should count 25 bars back on the 5 minute chart to find the stop loss and NOT 25 bars on the 15 minute timeframe from the moment the fired bar has confirmed on the 15 minute timeframe.
4). I would like to be able to select from 3 different money management and profit taking methods as follows:
i. The position should be closed in full when it reaches 1:1 Risk/Reward.
ii. The position should take 50% profit and move to breakeven when it reaches 1:1 Risk/Reward. It should then close the position in full when it reaches 2:1 Risk/Reward.
iii. The position should move to breakeven at 1:1 Risk/Reward and close the position when it reaches 2:1 Risk/Reward.
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Important Extras
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1). I want to be able to amend the amount of bars used for the stop loss. For example, I said I want it to count back 25 bars, but I want to be able to change this to whatever amount that I want. Also, I want to be able to amend the 5 pips extra to any amount between 1 and 5. There should be an option in the settings of the EA where I can change these.
2). I would like an option to stop the EA from opening any new positions between a certain time period. I would like to be able to adjust this time period in the settings of the EA.
3). If any open positions have not reached 1:1 Risk/Reward by a certain time, then the trade should be closed. I would like to be able to select this time in the settings of the EA.
4). Risk % of account size should be set at 1%, but should allow me to adjust between 1% and 5% in the settings.
Only serious bidders please that can complete the full specification mentioned. Making sure that the full specification is met is more important to me than the time taken to complete the project. Please make your offers and ask if you have any questions.
Thanks you very much,