The strategy is as follows:
BUY
If EA attached to a 5 min chart and trade direction is set BUY ONLY, the EA will buy at every bullish candle close and pause buy on any bearish candle close.
SELL
If EA attached to a 5 min chart and trade direction is set SELL ONLY, the EA will sell at every bearish candle close and pause sell on any bullish candle close.
The EA is timeframe dependent.
For TAKE PROFIT & STOP LOSS:
Take Profit (TP) & Stop Loss (SL)
The TP & SL is for individual trades
TP Input: in Pips (I.e 1000) which is 100pips
SL Input: in Pips (I.e 500) which is 50pips
ALL individual Trades/subsequent new trades uses Take Profit (TP) or Stop Loss (SL) as set in the TP & SL inputs.
For MAX TP and SL:
Max TP & Max SL Inputs are in Prices (I.e 1.35607)
Once the specified Max Take Profit (Max TP) or Max Stop Loss (Max SL) is Hit, the EA automatically closes all opened trades and EA paused until restarted manually!
CLOSE BY BALANCE P/L: TRUE/FALSE
If "TRUE", once the Balance is increased by the specified profit Percentage (I.e +8%) or decreased by the specified loss percentage (I.e -4%) the EA automatically closes all opened trades and EA paused until restarted manually!!
If "FALSE" close by Balance will NOT be applied!
For Expiry Date:
Ability to add expiry date desired/ lock it to an Mt4/5 login, so that it can only be used on that particular Login/account.
See attachment for parameters.
Order Setting ===Order Settings===
Trade Direction: Sell Only/Buy Only
Trades per Signal: 0
Lots Size per Trade: 0
Max Take Profit (in Price):0.00000
Max Stop Loss (in Price):0.00000
Stop Loss (Pips): 0= Disabled
Take Profit (Pips): 0= Disabled
Max Spread (Pip): 0= Disabled
News Filter
Magic Number:
Trading Time ===Trading Time===
Use Trading Time: True/False
Start Trading Time (HH:MM) | 00:01
Stop Trading Time (HH:MM) | 20:00
Close All Trades at Stop Time: True/False
Pause Trading at Stop Time: True/False
Trading Time ===Trading Days===
Monday: True/False
Tuesday: True/False
Wednesday: True/False
Thursday: True/False
Friday: True/False
Saturday: True/False
Sunday: True/False
Description ===Alert Settings===
Alert Pop Up: True/False
Alert Email: True/False
Alert Notify: True/False
Description ====Style=====
Chart BG Color Orange
Max Loss Color Red
Max Profit Color LimeGreen
Description ====Panel=====
Display Panel: True/False
Position:
BG Color. : DarkSilverBlue
The Panel should display an overall Gain/Loss Pips counter, Total number of opened Trades, P/L, Spreads, Equity and Account Balance
Manual Control: BUY, SELL, CLOSE ALL & PAUSE Buttons!
NB:
(1) The manual "BUY" button on the Trading Panel is used to open additional Buy position(s) manually.
(2) The manual "SELL" button on the Trading Panel is used to open additional Sell position(s) manually.
(3) The manual "CLOSE ALL" button on the Trading Panel is used to Close ALL position(s) opened by the EA.
(4) The manual "PAUSE" button on the Trading Panel is used to Pause the EA from opening NEW positions.
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