New Semi-Auto Trading System(Needs Critics)

[c0d3]

Hey Fellow Traders,

• I developed a semi automated trading system, based on a weekly chart, 10 points of entry for shorts, and longs(identified by the user on the chart).
• 5 points for short orders, 5 points for long orders

System rules:

• The system trades on a weekly chart(static chart).
• First: the trader must identify if the weekly chart is trending down, up or neutral: specified by "BUY", "SELL", "NEUTRAL" in the extern string priceDirection
• Second: the trader must look at the weekly chart and identify reversal points for shorts and longs(see image below).
• Once the reversal points have been identified, then enter the points into the EA's extern variables: SEentry1, SEntry2...LEntry5.
• Each order has it's own magik number, and hence each trade is independent of each other.
• The system then waits for the price to hit those points and enters either short or long.
• The trades SL and TP are setup from 2 standard deviations based on 4 weeks of data.
• The TP is 90% of 2 standard deviations, and SL is 30% of 2 standard deviations.