Spezifikation
BLIND SPOT PENETRATOR ROBOT
STRATEGY BASED: FMA STRATEGY
FOUNDER: TLHOPHISO DAVID PHATE
YEAR OF FOUNDATION: JAN 2024
TITLE:
I want an Expert advisor based on price action and candlestick formations
REQUIREMENTS:
• The robot should be able to buy and sell
• The robot will work on MT5 platform
• The robot will trade forex, stock, crypto, metals and indices
• The robot will work on any broker
• The robot should be able to operate in all timeframes
OPARATION:
▪ The EA is going to use trendlines to identify the market trend, the robot should draw trendlines.
▪ The EA is going to draw trendline below if the market is going up and it will draw a trendline
above if the market is trending downwards.
▪ The EA should be able to identify horizontal support and resistance zones for EXITS
ENTRIES REQUIREMENTS:
o When the market is going down the EA should wait for price to break out the trendline in the
upwards direction. The breakout should be clear and clean meaning that the breaking candle
should close above the trendline. Then a ROBOT will take BUY TRADES immediately when a
second candle opens after breakout candle.
o When the market is going up, the EA should wait for the price to break out the trendline in the
downward direction. The breakout should be clear and clean meaning that the breaking candle
should close below the trendline. Then a ROBOT will take SELL TRADES immediately when a
second candle opens after breakout candle.
EXITS REQUIMENTS:
➢ STOP-LOSS
- The robot should place a stoploss in every trade
DOWN (BEARISH) BREAKOUT
- The robot should place a stoploss 5pips above a breaking candlestick.
UP (BULLISH) BREAKOUT
-The robot should place a stoploss 5pips below a breaking candlestick
.➢ TARGET-PROFIT
-The robot should place a TP in every trade
SELL TRADES (BEARISH BREAKOUT)
-The EA should place a TP for sells at the support level
BUY TRADES (BULLISH BREAKOUT)
-The EA should place a TP for buy trades at the resistance level
MODIFYABLE SETTINGS OF THE ROBOT
1. LOTSIZE
2. TRADES (NUMBER OF POSITIONS)
3. TRAIL STOP
4. DAYS OF TRADING
5. TIME FRAMES
For extra information _ please whatsapp me here +26656168289
Regards.
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