CAPSTONE BOT TWO

CAPSTONE BOT TWO

SPECIFICATION REQUIRMENTS

Using the 1 hour chat draw two horizontal lines at 1 pip above and 1 pip below the high and low of the 6th and 7th candles after the period separator.

ENTRY CONDITION ONE: place a buy order at the upper horizontal line and a sell order at the lower horizontal line. Both orders with 15pips stop loss and 50 pips take profit.

ENTRY CONDITION TWO: In the event that either buy or sell from ENTRY CONDITION ONE is stopped EA should place another sell or buy order at the same position in ENTRY CONDITION ONE (i.e. lower or upper horizontal line respectively). Both with the same stop loss and take profit

NB: From ENTRY CONDITION ONE when a buy reaches 30pips in profit, stop loss should be moved to break even. If this break even is hit and EA does not activate sell order at the lower horizontal line, EA should place a buy order at the upper horizontal line. 

ENTRY CONDITION THREE: If a buy reaches 15 pips and above in profit and retraces back to the entry level, then moves to 15 pips and above again in profit the EA should move the pending sell order from the lower horizontal line to the upper horizontal line. Vice versa for sell. 

NB: From the ENTRY CONDITION THREE we have either a buy and sell at the upper horizontal line or a sell and buy at the lower horizontal line. When any of the buy or sell is stopped, the EA should move stop loss to breakeven for the running trade.

ENTRY CONDITION FOUR: If a buy entry reaches 35 pips in profit the EA should lock in 20 pips profit and place a sell order at the same level (i.e. 20 pips above the entry). Take profit 20 pips and stop loss 15 pips. Vice versa for sell.

TIME FRAME FOR ENTRY:

All entries should be the 5 minute time frame.

FILTER

1.      Pairs GBPUSD and EURUSD

2.      Maximum daily draw down: should not exceed 30 pips.

3.      All pending orders should be deleted at the close of every trading day.

4.      Running trades are carried over to the next trading day.

5.      Buy and Sell can be running at the same time until any one of them stops.

6.      All trades above 35 pips in profit should be automatically trailed to final take profit.

7.      Lot size range for starting balance, If the starting balance is  200$;

                    i.            200$ to 299.99$ = 0.10

                  ii.            300$ to 399.99$ = 0.15

                iii.            400$ to 499.99$ = 0.2

NB: any time the balance moves to a new price range the lot size should remain the same whether the balance decreases.

8.      The programmer interested to work with us should allow for tweaking of any of these specific requirements in the course of creating this EA without any extra cost.

9.      All the parameters of the EA should remain open or editable for the owners of the EA.