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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 (next) candle after the confirmation of all the rules.
5.
Additional filters for opening a position (MAKE EACH OF THESE OPTIONAL USING INPUT):
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 signal1: Make sure the price is below the middle olive band on the TMA+CG mladen indicator.
- Confirmation of a buy signal2: 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 signal1: Make sure the price is above the middle olive band on the TMA+CG mladen indicator.
- Confirmation
of a sell signal2: 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
There will be an option to close trades using 2 methods (MAKE
EACH OF THESE OPTIONAL USING INPUT TO SELECT EITHER)
Method 1: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
Method
2: The
lot size will be adaptive based on the equity using a customizable risk% (make the risk % an input parameter).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. HOWEVER, the stop loss will be calculated as the following:
FOR
BUY: during position opening, the Stop Loss level is set at
the nearest support (blue line below the base yellow line) using the Gnew indicator.
FOR
SELL: during
position opening, the Stop Loss level is set at
the nearest resistance (red line above the base yellow line) using the Gnew indicator.
For method 2 use the the distance in pips from the
order open price to the calculated stop loss (using the Gnew indicator) as input into the equation to calculate lot size = (((equity*risk)/stop
in pips)/10)
8.
What to ignore
Ignore
the x's placed by the TMA+CG mladen indicator
9.
Additional requirements
1. Make it send signals (order information
in currency pair, direction, price, take profit, stop loss) to a discord server.
2.
Make sure this expert advisor works across all pairs including XAUUSD for example. Must be bug free and work as intended per the rules. Must be
profitable. The EA will work on any 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!