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Ive had developed a 200EMA, thats able to detect range markets. It does it when the price crosses it multiple times in a certain time period. When it detects the sideways market, it does not show up on the chart, and the EA should not operate, neither buying or selling in this circunstance. The indicator will be available for the programmer.
The 200 EMA indicator needs to adjusted to be a faster indicator.
The EA should be multichart
The EA should be able to operate the same Forex pair with different imeframes - Ex.: EURUSD 1h - EURUSD Daily
1.1- When the 200 EMA is shown up as green, we are looking for purchases, when it is red, for sales. (Note that the price could be bellow the 200EMA indicator. As long it is shown up as green, the buy setup is on stand by). This parameter aims to look for false breakouts, when the MACD crossover occurs below the 200 average, in the case of a purchase.
1.2- the robot must have an entry trigger which is as follows: As soon as a bearish or bullish flow ends up in the EMA, leaving the chart unattended, the robot must still consider entry by X number of candles.
1.4- Important filter: only trades where the stop loss level is close to 200EMA should be performed. This proximity to the moving average should be set in a changeable way in points.
3- Stop Loss:
3.3- Stop loss must have item 1.3 in the job description:
3.4- In case of a buy, if the price is below the EMA, with an entry trigger present, the stop loss will not be able to be placed at the value of the EMA. Therefore, it should be placed in the last fractal present.
If the distance of the x value assigned to this filter is exceeded, the trade should not be carried out.