Development of expert advisor

Range expert advisor shall be based on

1.       Entry shall be based on any 2 or 3 indicator like MA, RSi and stochastic

2.       Take entry (buy or sell) with a stop loss and TP

Option 1: if hit TP than close cycle and start from beginning

Option 2: if hit SL than close trade with loss and open other trade in opposite direction with lot multiplier, also have same SL and TP

Any further follow the same as mentioned option 1 and option 2

3.       Option in setting

Trade mode = auto/manual (shall support manual entry and entry point shall be on display on chart)

Buy only = yes/no (shall give me option either buy or not)

Sell only = Yes/no (shall give me option either sell or not)

Lot size

Lot multiplier

Distance

Stop loss (there will be an option to keep fixed stop loss in points or dynamic – dynamic mean if trend goes to profit side than SL shall also move to that side)

Take Profit = There should be two type – either it should be fixed point such as 200 or 300 or it shall be based on monetary value – The monetary value mean the strategy will see last trade and lot size will be its profit in USD such as

If last lot size      0.01 = 1 USD

                                0.02 = 2 USD

                                0.03 = 3 USD and so on

There will be option in setting to select fixed TP or Monetary TP

4.       There shall be a simple dashboard showing only

Current lot size

Current profit

Lots in loss = sum of all previous trade went in loss in cycle

Total loss = in USD of all previous trade

Net profit = current profit – previous trade loss