Additonal Rules in ATR EA

Start of Trade stoploss:

Place following start of trade stoploss after trade is made. This is does not change. ATR stoploss or start of stoploss which ever have low risk should be considered as trade stop loss.

Buy:

Trade decision candle low - % (user input) of ATR value (default it to 14 days ATR –No input value required)

Sell:

Trade decision candle low + % (user input) of ATR value (default it to 14 days ATR –No input value required)

ATR stop loss or Start of trade stoploss which ever lower should be consider as stop loss for trade.

Draw stoploss line when Start of trade is valid.

Ex Buy: if 14 day Atr value is 0.00500 and % of ATR value is 10% then Trade decision candle – 0.00050 is start of trade stoploss

Trading:

Trade Mode: End of Candle/Limit order:

End of candle mode is current working mode, where EA make trade by end of candle or beginning of next candle.

Limit order mode need to be developed.

By end of candle, if all condition matches, it has to place a limit order at mid of candle (50% value of candle). So that when price pull back, order can be executed.

When order is not filled until from time limit order is placed to Number of candle valid for limit order input value then delete limit order and EA should trade only on next signal.

Manual area of confluence:

Support area high value

Support area low value

Resistance area high value

Resistance area low value

Option: Manual/Zigzag Auto

When manual is choosing, area of confluence should be based on values given in input.

Manual Stop Loss:

Option: Manual/TP method

When manual is selected, based on user input , EA should book profit.

First trade:

First trade when EA is attached should be done only with new signal not for existing signal.