The EA will Enter and Exit trades based on any selected indicators. The list of the fallowing indicators will be listed below. Must be work with ECN accounts.
Standard money management inputs (Set lots and percentage of account)
Each indicator will have standard parameters available to modify in the inputs window. (Example.
Moving average) period, ma method, apply to and shift can be modified.
More then two selected indicators are allowed for entering and exiting trades.
There will be 2 methods for entering/exiting trades, below is BUY and SELL example for method #1
Under Method #1 Each indicator will have a "enter only" and "exit only" and "both enter/exit" and "off " inputs
BUY EXAMPLE. (indicators are selected "enter only") moving average, macd, CCI must all reach buy criteria for entering a BUY trade and (indicators selected for "exit only") the trade will exit when SELL criteria is met for parabolic SAR, stochastic oscillator.
SELL EXAMPLE. (indicators are selected "enter only") bollinger bands must reach sell criteria for entering a SELL trade and (indicators selected for "exit only") the trade will exit when BUY criteria is met for macd, stochastic oscillator.
Under Method #2 Each indicator will have a "set 1" and "set 2" and "use for both sets 1-2" and "off" inputs
BUY and SELL example method #2
trade 1 opened moving average,macd are selected "set 1" moving average, macd, BUY criteria is met.... A BUY trade is entered.
trade 1 closed trade 2 opened CCI, parabolic SAR are
selected "set 2"
SELL critera is met... The BUY trade is closed and a new trade SELL trade is entered
trade 2 closed trade 3 opened moving average, macd are selected "set 1" BUY criteria is met... The SELL trade is closed and new BUY trade is entered.
trade 3 closed trade 4 opened "set 2" SELL criteria
BUY trade closed.... SELL trade is entered...
trade 4 closed trade 5 opened "set 1" BUY criteria is met..... SELL trade is closed... BUY trade is entered...
Indicators BUY and SELL criteria
stochastic oscillator --- readings over 80 line SELL and readings under 20 line BUY.
commodity channel index ----- readings over 100 line SELL and readings under 100 line BUY.
MACD --- turns up from below zero it is considered bullish BUY. When it turns down from above zero it is considered bearish SELL.
parabolic SAR ----- dot is placed below the price when the trend of the asset is upward BUY, while a dot is placed above the price when the trend is downward SELL.
moving average ----- price above moving average BUY. price below moving average SELL.
ichimoku kinko hyo ----- Enter BUY when the price breaks up through the Cloud, Enter SELL when the price breaks down through the Cloud.
bollinger band ----- SELL position when the upper band is hit, BUY position when the lower band is hit.
envelopes ---- SELL position when the upper band is hit, BUY position when the lower band is hit.
RSI --- readings over 70 line SELL and readings under 30 line BUY.
DeMarker ---- readings over .7 line SELL and readings under .3 line BUY.williams percent range ---- readings over -20 line SELL and readings under -80 line BUY.