At first, the EA must draw a
rectangle highlighting the last 4:15 h of consolidation before the close of the
M15 candle past 8 GMT (London opening), these times must be configurable.
After that, the EA must apply a gap
to the trigger orders (defined as “FOLGA” in EA settings – in points not in
pips) this gap has the purpose to avoid false triggerings.
At 8:15 GMT, the EA places the
pending orders atop and above the range plus the gap (folga) and with his
respectives Take profits (configurable but with 170 points as default)
As soon as an order is activated,
the EA places another order in the same place of the contrarian order (recovery
mode) with size = first order * Multiplier 01, this order has the same TP of
the contrarian order and the stop loss of the first one.
If the price does not hit TP and
comes back towards the original order, the EA repeats the process, placing
another order in the same place of the original one with size = second order *
multiplier 1, and so on.
The EA must have an off recuperation
order multiplier, just in case that the recovery mode is off and the user
accepts the stop loss. So in any day that stop loss is hit, the subsequent day
will have the size multiplied by the multiplier 2.
In the other side, as the system
have many sequencial wins, the EA must have a take profit lot multiplier
placing a lot size in the day after a win multiplied by the multiplier 3.
About the money management, There is
3 entries: initial lot (default 0.01), money management false/true (calculates
the lot multiplier based in the balance and lot applied in field 1 before each
first trade of the day), and follow up order lot (I will explain soon).
About the Range, the settings must
allow to configure the beginning and end of the range and the gap tha will be
used.
About the parameters: the field “STOP
LOSS IGUAL AO RANGE” with value true/false must define which kind of stop will
be used, if TRUE the stop of the first order must be in the contrarian border
of the range and the recovery mode must be off, if this option is set, the EA
must erase the contrarian order too. If is FALSE the recovery mode is working
and the stop coincides with the TP of the contrarian orders.
Field TAKE PROFIT in points, with
equal size for both sides.
Field Trailing stop on/off, with his
respective trailing size and step.
The follow up order, as mentioned
above, is an alternative for the main trade system to pursuit the trend,
working independently from the main trade system and using only the initial
trigger. His size is defined in the money management section and have these
characteristics:
No TP
SL by time (default 19h) OR SL in
the contrarian border of range
Trailing Stop and trailing step
configurable.
I’m attaching an indicator to show
more or less how the boxes must be drawn and a picture in this sheet that shows
the recovery mode in a generic way.
In the chart window, the EA must
show a “HUD” with these informations in Portuguese
and small font size:
STATUS DO SISTEMA: ATIVO/DESATIVADO (green active/red
deactivated)
POSIÇÕES EM ABERTO: X.XX
(total of open positions with his directions)
MARGIN: XXXX (In currency
and percentage)
LUCRO DE HOJE: XXX.XX
(in deposit currency)
LUCRO DE ONTEM: XXX.XX (in deposit currency)
RANGE DO DIA: XXXX
(size in points of the 4:15 h range)
RECOVERY MODE: ATIVO/DESATIVADO (WHEN ACTIVE
GREEN, WHEN DEACTIVATED RED)
MULTIPLIERS: RECOVERY MULTIPLIER, LEVERAGE MULTIPLIERS
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