Triple window EA with Heiken Ashi candlestick charts

Job finished

Execution time 5 days

Specification

The Triple Screen strategy comprehends 3 windows of the same pair / commodity, each window showing a different timeframe as follows: D1; H1 and M15. The charts must be Heiken Ashi candlestick 


Setup of Technical indicators:

Open three trading screens of one pair / commoditry with the periods, mentioned above.

-          Tide Screen ( D1): Install only Heiken Ashi candlesticks.

-          Wave Screen ( H1): Install Simple Moving Average (SMA) with period 20.

-          Entry Screen ( M15):  Install the Commodity Chanel Index (CCI) and the Moving Average Convergence / Divergence (MACD) .


Entry Rules:

A) D1 window, the day candlestick is positive (blue) only ca be buying trades that day (long), if negative (red) only Seeling trades (short)

B) H1 window: the actual price must be above the SMA20 for long trades and must be below the SMA 20 for short trades

C) M15 window:  

1)      Buy Entry ( trade long): when at the closing of the current candlestick; CCI enters in overbought zone (+100) and MACD is above zero (positive).

2)      Sell Entry ( trade short): when at the closing of the current candlestick; CCI enters in oversold area (-100) and MACD in below zero (negative).

Exit Rules:

 The Stop-Loss (SL) be at the in the minimum or maximum point of the previous entry, a fractal or at least the last six candles.

 The take profit can be in two ways:

1)      Equal distance to the SL, (ratio1:1) and once reached we can use a Trailing Stop, close the half of the trade, move the Stop Loss at the entry point and leave the half of the trade to reach a TP2 or even a TP3…

2)      Close the trade once a opposite color candle appears

3)      A combination of both: use TP1 at the same distance the SL and after that use  what happens first (opposite color candlestick or Hit TP2 )


Atacched the indicators and templates needed for the setup





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Project information

Budget
30 - 100 USD