Termos de Referência
X Bars Breakout EA
This is a standard breakout EA with pending orders based on previous bars' highs and lows, and with added SL and TS variables.
It will set pending BUY {x} pips above the highest high and a pending SELL {x} pips below the lowest low of the previous {x} bars at a specified time, eg at close of Asian session at 08:00 GMT.
If BUY opens the pending SELL is cancelled, and vice versa.
Initial StopLoss will have two options:
1. Set at {x} pips below lowest low (same position as the pending SELL).
2. Normal SL set {x} pips below BUY.
Trailing StopLoss will have 3 options:
1. By following previous low of {x} bars (so if set at 3 the TS will move with the lowest of the previous 3 bars).
2. A normal tick-based Trailing Stop.
3. A PSAR Parabolic Trailing Stop (with the 2 PSAR parameters to adjust)
Whats to mention: The Trailing Stop should be possible to add as fixed pips
(so fixed at f.e. 2000 pips) and also used the PSAR, so that the first of these options which occur should executed.
A Timefilter should be added - Trading from (x) hour and (x) minutes till (x) hour and (x) minutes
The EA should used for INDICES as DJI / NASDAQ etc. which has this format:
0000.00 or 00000.00
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