To develop a Scanner/Trading Panel EA for trading and all the information and indicators would be provided. the indicators to be used are stated below:
Indicators
1. ATR(14)
2. Emiwealth Baseline
3. Emiwealth First Confirmation
4. Emiwealth Zero-Cross
5. Emiwealth VM
The settings throughout should be customizable
Trading Symbols should display automatically with the Time Frame (Current) when opened on the scanner and on the trading panel.
With the ATR(14)
All Stop-Loss: 1.5*ATR(14)(It should be customizable) from the Price
One Trade to be taken. Four TP levels
TP1: When the price reach 2.0*ATR value - 50% of the profit should be taken off -(The % should be customizable)
TP2: When the price reach 4.0*ATR value - 60% of the profit should be taken off -(The % should be customizable)
TP3: When the price reach 5.0*ATR value - 75% of the profit should be taken off - (The % should be customizable)
TP4: Close the trade when the exit signal from exit indicator is given - 100% of the profit - (The % should be customizable)
Breakeven: 2.0*ATR(14) (It should be customizable) from the Price
Trailing Trailing SL: 3.0*ATR(14) (It should be customizable) from the Price
Entry Point Alert(Green Arrow for BUY and Red Arrow for SELL)
Exit Point Alert (Gray Arrow for both BUY/SELL Exits)
RISK: 2% of Account Balance( It should be customizable): This should be used to calculate the Lot size.
Telegram connection and Alert to telegram app on phone( Highly necessary)
Conditions for BUY Signal
1. Candle will open below the Emiwealth Baseline cross and close above the Emiwealth Baseline
2. On the Emiwealth First Confirmation indicator, the Green line MUST cross and closed ABOVE the red line
3. Emiwealth Zero signal must be above the zero line
4. Emiwealth_VM, the BAR MUST be above the signal line
When all these signals ate met, a BUY signal should be sent to the telegram and also a BUY (Light green) arrow should appear on the chat
1. Candle will open above the Emiwealth Baseline cross and close below the Emiwealth Baseline
2. On the Emiwealth First Confirmation indicator, the Red line MUST cross and closed ABOVE the green line
3. Emiwealth Zero signal must be below the zero line
4. Emiwealth_VM, the BAR MUST be above the signal line
When all these signals ate met, a SELL signal should be sent to the telegram and also a SELL (Red) arrow should appear on the chat
Exit Condition
1. BUY Exit: The RED line should cross and closed above the Green line on the Emiwealth First Confirmation
2. SELL Exit: The GREEN line should cross and closed above the RED line on the Emiwealth First Confirmation
Please NOTE:
Trade Entry is only MANUAL
The Exit condition should be able to close the trade AUTOMATICALLY.
The exit indicator is the same as the first confirmation though on different settings
Exit BUY:
1. Emiwalth First Confirmation: the Red line MUST cross and closed ABOVE the Green line
Exit SELL
2. Emiwalth First Confirmation: the Green line MUST cross and closed ABOVE the Red line
Please Note: The BUY/SELL should only be entered manually by me when the alert comes to the telegram.
Condition 3: trade signal can be delayed(One candle) IF ALL THE CONDITIONS ABOVE ON TRADE ENTRY ARE NOT OK
BUY 2: IF the Emiwealth First Confirmation is still above the Emiwealth Baseline and exit signal came, but after some candles the Emiwealth First confirmation Green signal be above red signal, then a buy trade should be taken.
When all these signals ate met, a BUY signal should be sent to the telegram and also a BUY(Light Green) arrow should appear on the chat
SELL 2: IF the Emiwealth First Confirmation is still below the Emiwealth Baseline and exit signal came, but after some candles the Emiwealth First confirmation Red signal be above Green signal, then a sell trade should be taken.
When all these signals ate met, a SELL signal should be sent to the telegram and also a SELL (Red) arrow should appear on the chat
It should be able to close all Trades by clicking a Close All Trade Button
Also include NEWS - It should be able to display NEWS through a button
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