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Hi, I have an indicator which is not mine and it is rented so I do not have the option of tearing the indicator apart to find out how it works but maybe an EA can be created to open trades from it's signals. These signals are different coloured arrows and the colours are customiseable.
Parameters
Trading Hours Start/Stop Each Day
Lot Size 0.01-100+
Money Management On/Off
MM On
Profit 1-100%/Day
Drawdown 1-100%
Lot Size/100 of account balance
MM Off
Trade As Hours
Risk As Lot Size
Trading
To be placed on any time frame chart.
Higher Time Frame Filter MA (HTFFMA), On/Off
Buys only if price is above MA. Sells only if price is below MA. Time frame and other MA inputs to be customiseable.
Example, the price is above the selected 100MA on a 30 minute time frame so only buys are taken.
the price is below the selected 80MA on a one hour chart so only sells are taken.
Orders are never to be placed from this MA as it is only a trend filter. Orders are sent by the Lower Time Frame Filter below.
Lower Time Frame Filter MA (LTFFMA)
Buy on up arrow if close price of candle is on or above LTTFMA but only if price is above HTFFMA and swithed on, sell on down arrow if close price of candle is below LTFFMA but only if price is below HTFFMA and is switched on.
The indicator gives the buy/sell indication on the close of the candle so the trade will open on the next candle dependent upon the the two MA's.
Orders
Stop Loss Options
Emergence of opposite direction candle/Numerical Value.
Stop Loss Numerical Value
1-100+ including spread
Take Profit
Partial Close On/Of
Partial Close Off
Take Profit 1-100? including spread/Emergence of opposite direction candle/Trailing Stop.
Trailing Stop On/Off
Trailing Stop Off
Take Profit 1-100+ including spread/Emergence of opposite direction candle
Trailing Stop On
Start Trailing From Order
+1-100+ including spread
Step
+1-100+ including spread
Partial Close On
Percentage of First Take Profit to Close
1-100%
First Take Profit
1-100+ including spread/Emergence of opposite direction candle/Trailing Stop.
Trailing Stop On/Off
Trailing Stop Off
1-100+ including spread/Emergence of opposite direction candle.
Trailing Stop On
Start Trailing From Order
+1-100+ including spread
Step
+1-100+ including spread
Second Take Profit
Trailing Stop On/Off
Trailing Stop Off
Second Take Profit
1-100+ including spread/Emergence of opposite direction candle.
Trailing Stop On
Start Trailing From Order
+1-100+ including spread
Step
+1-100+ including spread
Hopefully I'm making sense,
Kind regards
Michael Hendery
