CAPSTONE BOT TWO"

CAPSTONE BOT TWO

SPECIFICATION REQUIRMENTS

With the 1 hour time frame, draw two horizontal lines one 2 pips above the closing price and 2 pips below the opening price (for bullish candle) of the 2nd 7^th and 14^th candles after the period separator. For bearish candle the opposite applies

ENTRY CONDITION ONE

A.     Buy at the upper horizontal line with stop loss at the lower horizontal line ,if the length of the body of the candle is above 15 pips, if the body of the candle is below 15 pips, place the stop loss at 15 pips below the buy entry level.

B.     Sell at the lower horizontal line with stop loss at the upper horizontal line, if the length of the body of the candle is above 15 pips, if the body of the candle is below 15 pips, place the stop loss at 15 pips above the buy entry level.

ENTRY CONDITION TWO

If the buy is stopped while sell is still running re-enter a buy if the market trades back to buy level again with take profit at the stop loss level of the sell. Do the opposite for a sell that got stopped.

 ENTRY CONDITION THREE

If a buy hits breakeven (15 pips and above) and continues to move lower enter sell at the lower horizontal line, but if the market retraces back after hitting breakeven (break and retest) then renter buy at 10 pips above the upper horizontal line with a 15pips stop loss. Do the opposite for a sell that hit breakeven.

ENTRY CONDITION FOUR

If a trade reaches 25 pips in profit the EA should lock in 10 pips profit and trail till 30 pips final take profit. Now if a trade retraces back after hitting 10 pips partial profit the EA should re-enter another trade at that 10 pips level with 15 pips stop loss. Buy and Sell as the case may be.

FILTER

1.      All major currency pair.

2.      All entries should have 30 pips TP. After the TP is hit, the EA should not enter any other trade for that session.

3.      We have 3 sessions; the 2^ND candle (Tokyo), the 7^TH candle (London) and the 14^TH candle (New York) the activities of the 1^ST 2^ND and 3^RD session all go on pari-pasu, none should interfere with the other.

4.      Maximum draw down for a session is two stops

5.      A running trade could be carried over from one session to the other and even to the next trading day.

6.      If a trade reaches 15 pips and above in profit, the EA should place break even at the entry level.

7.      If a trade reaches 25 pips in profit the EA should lock in 10 pips profit and trail to final TP.

8.      Lot size should be open to be editable.

9.      All the inputs should be open for editing.