Automate Strategies

First EA

First for directional bias we use The moving average cross over . When the fast crosses the slow MA that is the directional bias for all trades until it crosses again. This will be on the higher timeframe. http://prntscr.com/d14qrf

2nd after we have our bias we look for fractals to be breached in the opposite direction on the MTF.

Fractals look like this http://prntscr.com/d14udy they are swing highs/lows or turning points in price

There are 2 modes for mtf “breach” and “close”. For breach all price has to do go above/below the fractal this is enough to look for entries on ltf. For close price must close on the mtf below the fractal level if we were looking for a short. This should normally happen quick so having a setting for maximum amount of candles before close would be needed. http://prntscr.com/d15a0u the target is the next fractal low on mtf.

The valid fractal is the fractal closest to current price which has not been breached already and inbetween the range of minimum and maximum candles. For short if before entry price breaches a fractal high, if price continues up and breaches another valid fractal high level the highest and most recent would be the fractal level to use.

3rd is entry we look for on ltf

Fractal level: http://prntscr.com/d15dfw when we get to ltf we need a breach of a fractal on the ltf. price must close on the other side of the fractal. When price closes a limit order is made for entry at fractal and stop loss at the high point of price after fractal level was breached. target is then set at mtf fractal low. This mtf fractal would be the nearest fractal low to price in between the minimum and maximum candle range on the mtf. Limit orders should be cancelled if price hits target before enter and if risk:reward ratio is less than 1:1. Have a pip offset setting for entry and sl to give price a buffer. And if you could factor in spread for the buffer that would be excellent.

Additional settings:

Days of the week looking for entries

Allowing multiple entries and how many

have times of the day allowed for entry. this my be more than 1 so eg 08:00- 10:00 and 12:00 - 14:00 and can these times on settings be inline with broker time.

Have an optional entry day and time window and tp day and time for long term trades and if price doesn't hit tp level. eg look for entries on monday or tuesday between 08:00 and 10:30 and tp at thursday 12:00 http://prntscr.com/etwkxf

Break even

stop trail

maximum spread

minimum amount of pips for stop loss

So to break down simply

1. HTF MA directional bias

2. MTF Price breach fractal in opposite direction to bias(Fractal high for short bias etc) fractal that has not already been breached by price and in between the minimum and maximum candle range in the past.

3. “breach” setting go straight to LTF. “close” setting price must close on the other side of breached fractal level under the maximum amount of candles allowed. Eg fractal high level breached price must close below that level in under maximum candles.

4. LTF price must breach and close below a fractal level on this timeframe. Same as mtf rules for fractal to be valid and close settings like mtf “close”

5. Limit order set after candle close below fractal level on ltf. Stop placed at high of price that broke fractal level. Target set at nearest mtf fractal low that is inbetween minimum and maximum candles away from current price.

2nd EA

1st Have Optional HTF MA bias. If this setting is turned off on ltf we can look for entry in both directions. If turned on only trading inline with the MA cross over bias

2nd LTF Entries are exactly the same as 1st EA but now there is no mtf and target is the next fractal on the ltf.

All additional settings can also be added