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Rules
Job finished
Specification
1. The idea of the trading system is as follows: market entries are performed on the 15
minute timeframe when the trend is in the right direction, the arrow is above or below the baseline pivot, and there is an arrow indicator
2. Trend is determined based on the attached TMA+CG mladen indicator. Use the default settings for all attached indicators.
The trend is determined by the two outer green bands (in the example they are yellow). The trend must be CLEAR. Both bands must point up or down.
Do not take trades if one band points up and one points down for example. Only take trades when both bands point in the correct direction. Both
bands should point up for a buy signal and both bands should point down for a sell signal.
3. Trading Signals:
- Buy signal: Both bands from the TMA+CG mladen indicator must point upwards, there must be an upwards GREEN arrow from the C_ indicator
and the arrow of the current candle must be below the middle line (the base yellow line) from the Gnew indicator.
- Sell signal: Both bands from the TMA+CG mladen
indicator must point downwards, there must be an downwards RED arrow from the C_ indicator and
and the arrow of the current candle must be above the
middle line (the base yellow line) from the Gnew indicator.
4. Positions are opened at the open price of a new candle after the confirmation of all the rules.
5. Additional filters for opening a position:
The TMA+CG mladen indicator will be used to determine the middle olive band. The Gnew indicator will determine if the nearest resistance or support (the Take profit) is inside the two outer green bands from the TMA+CG mladen indicator
- Confirmation of a buy signal: Make sure the price is below the middle olive band on the TMA+CG mladen indicator and the closest resistance (closest red line above the base yellow line and The take profit) is underneath the top green band from the TMA+CG mladen indicator.
- Confirmation of a sell signal: Make
sure the price is above the middle olive band on the TMA+CG mladen indicator and the closest support (closest blue line below the base
yellow line and The take profit) is above the lower green band from the TMA+CG mladen indicator.
6. Close by Take Profit —
FOR BUY: during position opening, a Take Profit level is
set
at the nearest resistance (red line above the base
yellow line) using the Gnew indicator.
FOR SELL: during position opening, a Take
Profit level is set at the nearest support
(blue line below the base yellow line) using the Gnew indicator.
7. Position management
The lot size will be adaptive based on the equity using a customizable risk% (make the risk % an
input parameter) and a customizable stop loss (make the stop loss level an input parameter in pips). The stop loss used here will also be the
stop loss for the either buy/sell trade opened. The way the lot size should all be calculated is as the following= (((equity*risk)/stop in
pips)/10). So for example if we have an equity of 10,000 and we use a risk of 2% and a stop loss in pips of 10 pips, the calculation would be the
following =
(((10,000*0.02)/10)/10)=2 lots
8.
What to ignore
Ignore the x's placed by the TMA+CG mladen indicator
9. Additional requirements
Make sure
this expert advisor works across all pairs including XAUUSD for example. Must be bug free and work as intended per the rules. The EA will work
on the pair it is attached to. I intend to open multiple currency pairs and attach the EA to each chart. I need the source code.
Have fun!