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Spezifikation
1. The idea of the trading system is as follows: Using two different Supertrend indicators on the same time frame, using one with a higher ATR to determine current direction and a second tighter Supertrend indicator that detemines the entry of the trade. I would like the ability to alter the SuperTrend ATR period and ATR multiplier values and which time frame they are on. This EA will be used on Ctrader.
2. Trading Signals:
- Buy Signal - The tighter ST indicator shows a buy signal, while the larger ST indicator is already displaying a bullish trend.
- Sell Signal - The tighter ST indicator shows a sell signal, while the larger ST indicator is already displaying a bearish trend.
3. Positions are opened: At the close of the first candle in the opposite direction of the trend.
For example, the larger ST shows a bullish trend and the tighter ST shows a buy signal, the trade will open on the close of the first red candle following the buy signal.
And for a sell trade, the larger ST shows a bearish trend and the tighter ST shows a sell signal, the trade will open on the close of the first green candle following the sell signal.
4. Positions are closed:
The Stop Loss is set at the tighter ST indicator line where the signal occured.
The Take Profit is set at a fixed position from the entry. Set to 1:1rr if the SL is greater than 10pips, and set to 1:2rr if the SL is lower than 10pips.
Trades will remain open until either the TP or SL has been hit, or until a certain time has been met (I wish to be able to customise this).
Extra:
I know this is a common strategy but I could not find an EA on it in C#
I would like a user friendly panel that allows you to change the ATR period and ATR multiplier of the two SuperTrend indicators and enter what hours it is active from.