Termos de Referência
The required EA will trade based on the Highs and Lows on the Bill Williams Fractals indicator.
- It will have to recognize when a high or low is created by the arrows used by the Fractals indicator.
- Mark out a horizontal line at the high or low, enter a buy when a high is broken and a sell when a low is broken, up/down arrows are used to distinguish highs and lows. Doesn't need to show horizontal line, but it should just be used to enter, take the high/low price using the OHLC is also fine.
- Allow parameters for customizing SL and TP in pips, as it needs a lot of back testing.
- Allow it to trade only 1 timeframe per pair at a time. Time frame to be chosen as a parameter as well.
- Only takes into account the most previous fractal (1) for a high and the most previous fractal (1) for a low. If a new fractal is made, without breaking the previous fractal high or low, disregard the previous fractals, only focus on the most recent fractals.
- Standard lot size parameter.
- Once a trade is open based on a fractal, ignore the fractal thereafter. Wait for next fractal, never enter on same fractal.
- Buy stops and sell stops order types will be used.
- Ability to delete previous orders if new fractal occurs, without breaking the previous fractal high or low.
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