If current candle is 0 then EA should open buy trade when previous candle(-1) has closed above the high of its previous candle(-2) and should exit the trade when the close price of any red candle is below the low of its previous candle.
Reverse is also required which means EA should open fresh short position if the previous candle closes below the low of its previous candle and should exit the short trade if any candle closes above the high of the previous candle.
EA should have 3 modes, Long and Short, Long only and Short only.
There should be filter options available for below options which would be optional, if they are selected then they will be applicable
1. EMA and SMA option filter input box for current timeframe and 1 timeframe higher also.
2. ADX Length and ADX value and ADX smoothing option for current timeframe and 1 timeframe higher also.
3. RSI Length for current timeframe and 1 timeframe higher also.
4. Higher Timeframe Confluence filter
4.1 (previous Day candle is Red or Green)
4.2 (previous 4H candle is Red or Green)
need not only EA but fully backtested results on EURUSD, XAUUSD and USOIL or WTIUSD for last 10 years on all timeframes 1 min to 1 day timeframe as per this strategy and then need to optimize the filters and strategy to make it profitable with good win rate and good risk to reward ratio. need source code also.
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