EA to Activate Bids using calculation based on relating Current price to Highest and Lowest price in period

FADINVEST MIDPOINT MOVEMENT CRACKER

The EA/Robot will start calculating and updating the price in real time from the period it is set up. It will calculate and update the highest price and lowest price from the setup of the robot on the account. It can be reset to begin from a new period at anytime. Every time the values of the HIGH and LOW prices are obtained/ updated, the MIDPOINT is calculated which is the average of the HIGH and LOW prices in the period of review. 

MIDPOINT= AVERAGE (HIGH+LOW) = 50%

The Robot once it has calculated the midpoint will then take actions based on the Class of Trader which is in 2 categories as          1. BUYER                           and                                    2. SELLER

PRICES to consider:

LOWEST PRICE- This is the lowest price from the period of running the EA until it is stopped or cancelled.

HIGHEST PRICE- This is the Highest price from the period of running the EA until the Robot is stopped or cancelled.

CURRENT PRICE- This is the Price based on which the EA will take actions and activate bids. The Current price will always be in between the Highest and Lowest prices. If the Current price moves above the Highest price, it will adjust the Highest price to a new peak and vice versa for Low price if actual falls below the current low price. The percentage will still be calculated based on the new Highest and the new lowest if prices changes.

The BID level will be grouped into 3 levels as follows

LEVEL                                                 BUYER %                                                        SELER %

1                                                             56%-60%                                                              40%-44%

2                                                              61%-80%                                                              21%-39%

3                                                              81%-100%                                                           0%-20%

           SELLER (0%-45%)                                                                                                                   BUYER (55% - 100%)

0%                                                45%                                50%                           55%                                             100%

AS BUYER

The BUYER expects the market price to rise and as a result he wants to take Bid positions from when the actual price is in 56% to 100% range. The level as stated above will determine what bids to take at the various positions. There will be identified positions to take bids as follows:

Level 1- 5 bids, as follows : 56%, 57%, 58%, 59% and 60%

Level 2- 5 Bids as follows:  64%, 68%, 72%, 76% and 80%

Level 3- 3 Bids as follows: 85%, 90% and 95%

SELL BIDS WILL BE ACTIVATED AGAINST THE DIRECTION AT INTERVALS OF 10%. (Or desired Gap positions)

Once market prices have passed level 2 to level 3, then it must increase the bid size based on every reversed bid taking. So if Prices rise to 89% and then reverts back to 55%, then it will activate an increased lot size of previous lot at double size for only Level 1 only. So if price comes in to level 1 like 5 times in the period, then it must increase lot size from .01 to .05 or .1 to .5 with every increase.

Also based on the activated bids in every level, Once a new level is reached, all stop loss should be set to starting price of the new level from previous level. So for Buy, all Level 1 BUY bids once moved to level 2 should be raised to start price of level 2, and once prices enters level 3, then all previous level 2 outstanding bids should raise their SL to level 3 start price.

The Market Pricing should be automated to identify the highest and lowest prices from the date the bid is activated until it is reset.  A minimum Gap will be established for the first bid to activate but depends on programmer suggestion

AS SELLER

The SELLER expects the market price to fall and as a result he wants to take Bid positions from when the actual price is in 44% to 0% range. The level as stated above will determine what bids to take at the various positions. There will be identified positions to take bids as follows:

Level 1- 5 bids, as follows : 44%, 43%, 42%, 41% and 40%

Level 2- 5 Bids as follows:  36%, 32%, 28%, 24% and 20%

Level 3- 3 Bids as follows: 15%, 10% and 5%

BUY BIDS WILL BE ACTIVATED AGAINST THE DIRECTION AT INTERVALS OF 10%. (Or desired Gap positions)

Once market prices have passed level 2 to level 3, then it must increase the bid size based on every reversed bid taking. So if Prices fall to 19% and then reverts back to 45%, then it will activate an increased lot size of previous lot at double size for only Level 1 only. So if price comes in to level 1 like 5 times in the period, then it must increase lot size from .01 to .05 or .1 to .5 with every increase.

Also based on the activated bids in every level, Once a new level is reached, all stop loss should be set to starting price of the new level from previous level. So for Sell, all Level 1 SELL bids once moved to level 2 should be reduced to start price of level 2, and once prices enters level 3, then all previous level 2 outstanding bids should reduced their SL to level 3 start price.

Column E= Highest for the period to date

Column F= Lowest for the period to date

Column G = Current price at time of Data   

Column H = Gap eg Column E- Column F

Column I= Current Price – Column F(lowest price)

Column J= Column I/ Column J (%)

Please note that only Serious and immediately available programmers should apply.

If you need additional clarification, you can contact me.

Testing of the EA will need 60 days to ensure it adheres to description.

Only after confirmation of 2 weeks full testing will the project finalised for payment

I want to also be able to have a control on the EA to assign it with a password or expiration time renewal control (if possible)

Thanks