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The EA should open a position when the Indicator BG shows a trendchange
(Description attached.)
Open and Close (Change) Positions i have marked with ARROWS
The EA is always in the market
Open a Long Position if the BG go to higher Levels and
Open Short Position if it is the other way round.
The Stopp Loss Level should be exactly the Stop Loss level of the BG which is
the lowest line ( if Long Position) and which is the highest Line (if Swhort Position).
Thats normally the standard in that indicator:
For Short Positions: BLUE Line,
for Long Positions GREEN Line.
For Long Positions:
The Stopp Loss Level should be X Pips (set as Variable V1) below BG GREEN Line
For SHORT Positions:
The Stopp Long Level should be X Pips (set as same Variable V1 as Long) ABOVE BLUE
Line
A Take Profit Level should be added (in Percentage)
A SL Level 2 should be added (for unexpected market situations when the indictaor
is too to avoid loosing too much money on that. (in Percentage)
A Trailing Stopp should be added
Trailing start at “A” (Variable 2) percentage
Trailing step is “B” (Vatiable 3) in percentage
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A SEMI Automatic function should be added:
If a Positions is manually opened the SL should be added in same way exact as in full automaticall mode.
If used in SEMI Mode a “click” Function should be added to be clicked on or off:
“ After Signal Change use further in automatic Mode:” click YES or click NO
So that i can trade manually further or not.
A Spread Filter should be added (Open and Close Positons only if Spread is smaller than ...
To explain the EA should do more detail:
Every Bar the EA has to change the SL exact with the change of the
Line of BG + or – the Variable V1
Same time the EA must set up a Pending order at same SL Level
to change the direction:
F.E:
Position is SHORT (SELL), the SL Levels are V1 above the GREEN LINE
(Lets call that as SLLEVEL)
and same time
PENDING ORDER LONG (BUY) is to send order ticket to these Levels
SLLEVEL SHORT = PENDING ORDER LEVEL LONG (BUY )
SLLEVEL LONG = PENDING ORDER LEVEL SHORT (SELL )
If Position is LONG, its the other way round
The Indicator Variables of course should be included in the EA for change