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Indicators used:
Aroon (settings must be controlled in the EA)
RSI (settings must be controlled in the EA)
Order Management
Option pending orders buy stop/sell stop or market order after candle close
Placing orders
Aroon indicator has to show a cross of the lines
RSI has to be above xx value for buys and below xx value for sells
Pending order
Place Buy stop trade after candle close if Aroon crossed the lines. Place Buy Stop x pips (to be determined in EA) above high of signal candle.
#Rule 2
Pending order is valid for x candles (to be determined in EA). After closing of candle no. x, pending order is deleted
#Rule 3
Pending order is deleted when opposite signals comes, based on candle close
Vice versa for Sell Stop
Market order
Place Buy or Sell order after close of signal candle
Money Management
fix lot size
% of equity
Trade Management
SL factor x difference between candle close and pending order (to be determined in EA) or market order
TP factor the same
BE settings with BE after x percent of TP and BE + x pips
Close on opposite signal
Miscellaneous
EA must have 2 trading times, for instance 09:15 – 11:00 and 15:00 – 19:30 broker time
EA must have max spread
EA must work for FX pairs and indices
EA must have magic number
EA must have comments
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