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An EA that defines a breakout based on time defined
ranges, up to 3 conditions, which can be on or off with their own options, and a signal bar triggering a pending entry.
Stop loss can be according to reaching a Fib level set
around any of the defined ranges + a defined additional number of pips, fixed, fixed risk, or ATR based, or slightly modified ATR
based.
Takeprofit can use the same, pips, risk-reward ratio or can be ATR
based or another calculation similar to ATR (different options/switches).
EA can partially close orders based on a combination of
the take profit ideas, and can specify how much to close, and using which take profit function. Indicator
version should simply place an arrow at the entry and print the lines and levels for single or multiple stop and entry and take profit options
on the chart and offer additional alert to email, SMS etc. Also should offer a 0 line clear =1 when triggered and =0 otherwise so can be easily
integrated if desired.
There are a number of stop loss options that are possible, and a number of take profit and trailing stop options, based around the 3 conditions and
the range swings, or using the stop loss options described.
A clear brief will be provided, with images, and follow up as necessary for full understanding.
This will lead to a follow up project of the same size, for an alternative setup I am working on, for the successful partner.
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