This EA is based on the Heikin Ashi Trading system.
What I want the EA to
do is –
Long Entry
Signal
·
Enter long on close of the first Heikin Ashi flat
bottom candle, only after a candle colour change. See Pictures below.
Short Entry
Signal
·
Enter short on close of first Heikin Ashi flat top
candle, only after a candle colour change. See Pictures below.
Close
Trades
·
Close trades only on the Stop Loss, Trailing Stop or
Take Profit.
Risk
·
The Risk amount is to be set in dollars not % I want
it to be fixed so that each trade that is opened risks the same dollar amount
e.g. $50 risked for each trade.
·
It can open a trade in the opposite direction with
previous trade still open (hedging)
Stop Loss
·
Stop to be adjustable based on the average true range.
·
The average true range is to be defaulted at 14
periods not adjustable by the user.
·
Average true range is based on the time frame traded.
·
In the user inputs section I want to be able to adjust
the Stop Loss Size, e.g. 1 x ATR or 1.2 x ATR or 2 x ATR Etc. whatever input I
want
Profit
Target
·
Profit target is to be adjustable based on average
true range.
·
The average true range is to be defaulted at 14
periods not adjustable by the user.
·
Average true range is based on the time frame traded.
·
In the user inputs section I want to be able to adjust
the Profit target Size, e.g. 1 x ATR or 1.2 x ATR or 2 x ATR Etc. whatever
input I want.
Trailing
Stop
·
Trailing Stop is to be adjustable based on average
true range.
·
The average true range is to be defaulted at 14
periods not adjustable by the user.
·
Average true range is based on the time frame traded.
·
In the user inputs section I want to be able to adjust
the trailing stop Size, e.g. 1 x ATR or 1.2 x ATR or 2 x ATR Etc. whatever
input I want.
Time Frame
·
I want to be able to set the time frame manually in
the user inputs section from 1 min to weekly
·
I want it to only operate on 1 time frame at a time.
E.g. cannot open trades on the 5 min time frame if program is set to the 4h
time frame.
Spread
·
In the inputs section I want a safe guard if the
spread is over a certain amount don’t trade
·
The user inputs the spread amount e.g. 7.0 pips, this
is to be based on a 5 digit broker.
Screen
Display
I want the following displayed on the screen. At the top left
hand corner
Trading Pair EURUSD
Risk Amount $50
Stop Loss 1 (x
ATR)
Trailing
Stop 1.5 (x ATR)
Take Profit 3 (x
ATR)
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