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A request for a simple Expert Advisor based on one candlestick pattern.
0. Risk
Management
It
must have a possibility to choose the risk from 1% to 5% of the
account's Equity per trade
1. Enter Long
BUY Configuration
if Low[1]<Low[2] AND Open[1]<Close[1] AND Open[2]>Close[2]
then high[1]=entryBUYlevel AND low[1]=exitBUYlevel
Entry
if
exitBUYlevel was untouched by Bid pice AND if Bid>entryBUYlevel
Enter Long
*there should be actual crossing of entryBUYlevel.
Open price of the candle where the signal appears should be lower
than entryBUYlevel and when Bid goes higher than this level the BUY
signal is valid. If there is a gap and the candle opens above the
entryBUYlevel there is no actual crossing and there shouldn't be any
BUY.
** The entryBUYlevel should be valid till either Bid<exitBUYlevel or there is a valid SELL configuration
2. Enter Short
SELL
configuration
if
High[1]>High[2] AND Open[1]>Close[1] AND Open[2]<Close[2]
then Low[1]=entrySELLlevel AND high[1]=exitSELLlevel
Entry
if exitSELLlevel stays
untouched by Bid pice AND if Bid<entrySELLlevel Enter Short
*there should be actual crossing of entrySELLlevel. Open price of the candle where the signal appears should be higher than entrySELLlevel and when Bid goes lower than this level the SELL signal should be valid. If there is a gap and the candle opens below the entrySELLlevel there is no actual crossing and there shouldn't be any SELL.
** The entrySELLlevel should be valid till either Bid>exitSELLlevel or there is a valid BUY configuration
3. Exit Long
if Bid<exitLONGlevel;
if there is an opposite signal
exit on the first, second, third, fourth or fifth PROFITABLE OPEN PRICE (Larry Williams Bailout). Here must a be parameter which allows optimization;
Trailing stop
*there should be an option to choose either Trailing stop or PROFITABLE OPEN PRICE to be active
4. Exit Short
if Bid>exitSELLlevel;
if there is an opposite signal
exit on the first, second, third, fourth or fifth PROFITABLE OPEN PRICE (Larry Williams Bailout). Here must a be parameter which allows optimization;
Trailing stop
*there should be an option to choose either Trailing stop or PROFITABLE OPEN PRICE to be active