EA based on currency strengh indicator and fractals

Use a currency strengh indicator and have a minimum strengh and weakness you would need from pairs to be entering a trade.

Have a setting for which timeframe the indicator would be used on

Have a setting for which timeframe the trades would be entered on.

Trades would be entered via limit order based on fractal levels. Or a buy or sell stop after the fractal level has been breached

Stop loss will set in settings as a fixed pip stop loss

Target would either be a set pip target or the next fractal level

Fractals to be used for entry and target will both have each a setting for maximum limit of candles the fractal can be in the past and also a minimum of amount of candles

so a trade would look like this

Time frame for indicator for example is H1 and set to a minimum of 3 on each side so USD is strong AUD is weak so we will sell AUDUSD http://prntscr.com/e9zdcz

Time frame we enter trade on is M1. We want to sell when we break a fractal HIGH and if target in based on fractals then its the fractal low http://prntscr.com/e9ziyt

so entry is a limit order at that fractal level or a setting where a sell stop is offset a set amount of pips under fractal level when the fractal has been breached eg sell stop 1 pip under fractal level.

Then if using fractals for target it would be the next fractal low

Have a setting for minimum Risk reward for trade to be valid.

Have a setting for if fractal target is less than a set Risk Reward target would be the next fractal level

Pip offset price for fractal target

Risk percentage per trade based on stop loss pip amount

maximum spread valid for trade

optional settings for valid trading days and trading hours

Optional move stop to Break Even setting after a number of pips movement and choice of offset the price of break even