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Requirements:
1. Robot will be used on the 5min charts.
2. Identify swing highs and swing lows and draw a horizontal line.
we will define our swing highs and lows as at least 5 candlesticks clearly showing up/down.(Higher highs/lower lows)
3. So for a buy trade, if a swing high was previously identified, once price closes above that line, enter a buy trade 2 pips above the candle
close and stop should be the opposite swing low.
4. for a sell trade, if a swing low was previously identified, once prices closes below that line, enter a sell trade 2 pips below the
candle close and stop should be the opposite swing high.
5. The take profit will be equal to whatever the stop loss will measure as.
5. after two consecutive lines are drawn for either swing lows or swing highs, reset them so trades dont executive in the future with
those same lines.
Input Parameters:
1. Default SL/TP will be as outlined in the logic(However can set manually below)
2. Stop
loss
3. Take profit
4. lot size
5. Stop trading for news(Yes/NO)
6. if Yes above - Stop trading 30mins before Major news
- Resume trading 15mins after major news
7. weekly goal(%) - when achieved, stop trading
8. Stop an hour before market close
9. Wait 2 hrs. after market open
10.
Days of week to trade
11. Max trades per pair at a time –
12. Take half profit(Yes/No)
13. Move to breakeven when reached half profit
target(Yes/No)
14. Breakeven adjust (Can set pips to add to BE)
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