All orders
Rules
Specification
This Ea is to be based on 2 main indicators as the entry/exit signals to make a trade.
Indi 1 = Volume Zone Oscillator (VZO)
Indi 2 = Arrow-Buy-Sell(ABS) Based on ADX
Other: Indies I use on my Template to add some visual clarity to charts but not essential to programming this EA:
ECS Heiken Aishi; pos-size; Ichimoku custom settings;STI Pemindah pairs;powerful currency pairs; & WMA's
Entry conditions:
A long position is opened when ABS signals a change of direction in price that is confirmed by the VZO crossing above the zero line or is above the zero line. If VZO does not confirm,no tradeis to be taken.
Opposite for a short trade.
Exit condition:
A long trade is closed when the VZO goes below the Zero level
ABS gives sell signal that is confirmed by VZO that market direction has changed.
Setting for a max number of trades that EA can have open at any given time
Hedging option to be available
EA must have abilty to open more than 1 position at the same time
Eg: Trade 1 taken opened with TP set at 1x ATR with SL set at 1.5 x ATR
Trade 2 taken with no TP or SL
Total combined risk of 2 trades set at 2% ie 1% of Equity per trade
This needs to be an optional setting that can be changed by user
EA needs to have the option of setting TP,SL and Trailing Stop levels with adjustable step levels.
Additional setting for time frame to be used.
I would like EA to send alert to my phone and Email when trade/s are taken.