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Hello,
I need an EA based on breakouts of the Initial Balance (IB).
( IB= difference between the highest and the lowest of the first hour before the open).
I'm french, for me the robot must allow trading the DAX in the morning and the NASDAQ in the afternoon (setting start time IB HH:MM to be planned)
IMPORTANT: the robot will be delivered with the source code
- The robot will plot the daily IB on the chart: the rectangle made up of the highest (IB HIGH) and the lowest ((IB LOW) from the first hour before the open
as well as dotted lines for extensions 100%, 200%,300%, 400%, 500% and 600%
and extensions -100%, -200%, -300%, -400%, -500% and -600%
(NB: I already have the IB indicator code that plots this, and I can send it to you to save you time for the EA code)
-the robot will trade in UT M1
Entry into position will only take place during the first hour following the OPEN
-BUY if the price crosses upwards (IB HIGH + 10%IB)
-SALE if the price crosses downwards (IB LOW –10%IB)
Additional trend filter option yes or no: trade in the EMA200 M1 trend
The exit from position will be done on the following TP or SL:
- choice TP1, TP2 and TP3 in points or extensions 100%, 200%, 300% , 400%, 500% or 600%
- choice SL1 and SL2 in points or on reverse IB (if purchase SL BI low - 10% BI; and if sell SL= IB HIGH+ 10% IB)
with possibility of trailing stop (option: in points or with EMA200 M1)
Parameters to provide:
- IB start time setting (HH:MM) to set LONDON or US or ASIA
- robot launch time (HH:MM): robot will launch by default to be ready to trade from the open, i.e. 1 hour after the start of the IB
- robot cut-off time (HH:MM) => by default the robot will cut all its positions that may be in progress 6 hours after the open
- money management: possibility % balance or manual fixed lot