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Rules
Specification
Summary
BARRIE_EA
In short, we use Trio EA as the basis, changing the signal generation where now we will only use MACD and drop the other "supportive indicators", plus make some modifications and additions. This is for MT4 and MT5:
#1. Make EA run on fimeframe defined in variables and not chart dependent
#2. After weekend, system should follow "Start EA" variable, make it an option enable/disable.
Old_EA Setting (Changes & Additions):
-------------------------"Trade Settings 1/2"-------------------------
Add:
- In addition to 'Singal Delay Bars', add 'Signal Backward View Delay Bars' - Its purpose, if 'Highest Bar' is active it will ignore checking previous bar for size for X amount of bars. For example, if color changed and system started opening positions, and its set at 2, then EA will not check 1st bar of 2nd bar, only 3rd bar given at the time 4th bar is current, therefore it will not close or so positions. Note, technically current bar at the begging is 1st, so we should ignore it, but for this option will consider it. If set to 0, meaning immeditate, then it can only compare 2nd bar to 1st.
-------------------------"Primary Indicator Settings 1/2"-------------------------
- Use MACD ONLY from the Trio_EA
- Signal is based on color of the bars. Positions close/open based on color changes ONLY.
- Additional Signal variables to be added as 'enable/disable' options:
Option_#1 - name it "Highest Bar" - when change of color occures EA starts to open trades, UNTIL the previous bar is higher than current. When that happens, all positions are closed. This happens immediately without the closing in full. Also, when such occurs, no new positions are open until the signal in opposite direction occurs, and everything starts over.
Option_#2 - name it "OutBound Trade Zones" - when the outbound zones are set long and short from zero line of MACD, it means that EA can place orders only when it crosses the line outbound. Also, when 'Highest Bar' is active is superceeds Outbound Trade Zone', however, when 'Highest Bar' closed all the positions due to previous higher bar and bars started to decreese, and then suddendly spike back up and bar size crossed 'outbound zone' then 'Highest Bar' logic starts again not from MACD zero line but from 'OutBound Trade Zone' line, and follows 'Highest Bar' logic until previous highest bar.
-------------------------"Supportive Indicator Settings 1/2"-------------------------
DELETE
-------------------------"SL and TP Settings 1/2"-------------------------
Modify:
- ability to enable/disable TP variable
Add:
- Option_#1 - name it 'TP Divider (0=disabled)' - for each TP hit X divider is set resulting in opening of new positions. For example if max of 10 positions is allowed, and 2 out of 8 hit TP, and divider is set to 2, than now EA can only can open 1 new position, as 2/2 is 1. and so on. This option is set for each primary and secondary set.
-------------------------"Close Settings 1/2"-------------------------
Modify:
- 'One Time Take Profit' is enabled, then when hit no new positions can be opened, however, the other positions that are open still stand.
Add:
- Option_#1 - 'Trailing SL Addon' - for each new opened positions X amount is added. For example, if X=5 and "STEPUP_%" is set at 20, then with each new position new trailing Sl would be adding +5, thus 1st position 20, 2nd 20+5, 3rd position 25+5, 4th position 30+5 etc, until the maximum allowed positions. So is max allowed positions are 10, then with each +5 highest SL on the 10th position would be 70.
- Option_#2 - 'Trailing SL Addon - Reset' - make it 'enable/disable' variable, thus if all 10 positions are open and the price sharly reverts hitting all SLs, closing all positions, new positions can only be open when the price crosses the price level of the 1st initial position, then EA can open max posisions possible again. In such event, 'Trailing SL Addon' started in reserve... as example, 1st position 70, 2nd 65, 3rd 60 etc.
-------------------------"Hedge Settings 1/2"-------------------------
-------------------------"Non-Trading Zones"-------------------------
Add:
- In timezone, for each separate day, add "Close All Positions" at the begining of that window, and start buying after the time windows expires. It will superceed 'Close trades during' option.
Trio_EA
-------------------------"Close Settings 1/2"-------------------------
Modify:
- Create varaible "Close on TF change" - enable/disable - purpose, to close position when price peaks. For example, on TF_H4 the price peaks and looking at TF_H1 three indicators confirm that direction changes, so when that happens, all positions on H4 close.
Now, if H1 changes from long to short and H4 is still on long, then no positions are open, however, if H1 goes from LONG to SHORT and then back to LONG and H4 is still on LONG, then EA start opening positions again according to H4.
This variable preceeds ---Hedge Settings---, meaning it closes unless neigher of the hedgeing conditions are met.
IF any of the heding technics elected, this variable is also on secondary TF. same concept applies.
Add:
- "Amount of Closed Position" - enable/disable - ability to specify the amount of closed positions which EA can open in one direction. For example, at the start of the signal if say max positions is 1 LOT and size of positions is 0.1, and if "Amount of Closed Positions" is set at 1.5 LOT than after opening the 1 LOT of 0.1 and then either closing by TP or SL, another 0.5 LOT can be opened. Thereafter, no more positions can be opened in the direction of the signal, until the change of signal occurs, when that happens, all positions are closed if any are open.