Prime Volatility Scalping EA

This is a job to create an EA based on two marketplace indicators.

Indicators used

PrimeTime intra day volatility indicator - https://www.mql5.com/en/market/product/2694

Volume Analyzer - https://www.mql5.com/en/market/product/8924

Trade entry

Enter buy trade on first candle where both (upper and lower) volatility bars are blue and primetime is above line (red) 

Enter sell trade on first candle where both (upper and lower) volatility bars are red and primetime is above line (red)

All the bars must agree for a signal to be valid

1- upper volatility bar (in Volume indicator window)

2 - lower volatility bar (in Volume indicator window)

3 - primetime above line and showing red bar (in PrimeTime indicator window)

Only one trade open at a time.

Filters

Primetime filter - Setting to define PrimeTime filter based on level so that trades are ignored if lower than X level.

Trading periods - 2 periods for setting the times that trades are taken (i.e.) trades are ignored outside of London and NY times)

Money Management

Partial Take profit – 

·        TP1 - defined as X pip on Y% of trade size (eg. Close 50% of trade at 5 pips)

·        Break Even - set to X pips profit once TP1 had been achieved.

·        TP2 – remainder of trading Lot. To be kept open until SL is hit. TP2 should begin once PA has past BreakEven

·        SL Option 1 - X pips behind last fractal on same TF

·        SL Option 2 – X pips

·        Lot size - defined as X% of account

Examples

See attached examples of valid signals.