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TRADING LOGIC
BUY SIGNAL
For EA to open a BUY order, the EA will look for the STRONG base Currency and WEAK quote currency. For example; EURUSD, from the strength table, if EUR is strong and satisfies the parameters under the STRONG PERCENTAGE in the selected TIMEFRAMES, and USD as the quote currency is WEAK and meet the WEAK PERCENTAGE parameter.
SELL SIGNAL
For EA to open a SELL order, the EA will look for the WEAK base Currency and STRONG quote currency. For example; EURUSD, from the strength table, if EUR is WEAK and satisfies the parameters under the WEAK PERCENTAGE in the selected TIMEFRAMES, and USD as the quote currency is STRONG and meet the STRONG PERCENTAGE parameter.
EA PARAMETERS
Currency Prefix
Currency Suffix
Tradable Pairs - the pairs to be traded separated by commas, (for example; EURUSD, GBPUSD, EURCAD)
Strong Percent (%) - From the strength meter table, this specifies the percentage to trade (example: 2 )
Weak Percent (%) - this is the weak percentage to which EA should make trades (example: 1.8)
Strength Time Frames: The system would check if all TimeFrames selected have strong percentages and weak percentages before trades can be made.
M1 - YES/NO
M5 - YES/NO
M15 - YES/NO
M30 - YES/NO
H1 - YES/NO
H4 - YES/NO
D1 - YES/NO
Magic Number
Lot size
Take Profits
Stop Loss
Trailing Stops
Trailing Steps
Reverse: This functionality will open opposite trades of the main trading logic
Max Daily Profit (%) – EA should stop automatically when account profits is reached to this percentage
Max Daily Drawdown (%) – EA Should stop automatically when account loss reaches this percentage daily.
TRADING TIME (based on broker Server time)
Begin Time – time for EA to start trading
End Time - After this time, EA only closes trades, no open orders
Comments – Ability to add comments to trades
Provide a locking system in the code to lock both real and demo accounts.
Please check the attached zip file for detailed specifications
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