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Rules
Job finished
Specification
EA Requirements.
The EA opens and closes trades.
It determines trade types, Buy or Sell.
It should work on all time frames and currency pairs.
It should work on all chart types. Line, Bar or Candlestick.
It should work on both account types. Live and Demo.
The EA has a visual Blue Take profit line.
The EA has a visual Red Trailing Stop Loss line.
The EA has Two Adaptive moving average line settings.
The EA has a Volume index filter.
The EA places directional Trade arrows onto the chart at execution.
The EA has different lot sizes available to choose from.
The EA has Two trading clocks which allow trades during their set changeable trading times.
The EA allows a choice of the days of the week to trade on.
I can manually amend the parameters and settings on all the above.
Properties and inputs for EA
Two Trading clocks.
The trading clocks use military time (24-hour clock) and are set to the brokers time which allow trades from 08.00 to 17.00.
Each one can be activated by a true (on) or false (off) in its input’s category.
The idea here is that I can either have one clock trading all day or two clocks trading part of the day each.
The ability to change the trading times for each clock would be advantageous.
When trading is allowed the clock display will change from grey to green and when it is not allowed to trade it will change back to grey.
It will automatically close all trades at the set closing time or times regardless of whether the trade is IN or OUT of profit.
If no trade is in progress during allowed trading times the EA will place a trade.
This is based on the position of the Two AMA lines and whether the volume index scale has been achieved.
The Trading clock should be displayed at the bottom right-hand corner of the chart.
Days of the week.
The days of the week are set at default Monday to Friday.
However, I would like the option to check each of them as True for yes and False for no so I can choose to trade them all or just some of them.
Trade Arrows.
Firstly, the trade arrows are placed on the chart when a trade is made.
A small blue arrow pointing upwards is placed at the trade entry point for a buy trade.
A small red arrow pointing downwards is placed at the trade entry point for a sell trade.
Lot sizes.
The lot size is automatically set to a standard lot size.
However, I would like to have the ability to change this to other lot sizes, such as a Micro lot or to a mini lot size.
The Two changeable Adaptive Moving Average Lines settings.
The Green (Short) AMA line default settings are (1,2,30).
The Red (Long) AMA line default settings are (24,2,30).
For a sell trade the idea here is if the short AMA lines goes below the long AMA line then a sell trade is made. (provided Trading clocks and volumes index agree)
Trade can close if AMA lines cross into opposite trade position.
I can manually amend the parameters and settings on all the above.
Volume index.
The volume index has a changeable scale line set as default at 1100.
It has two volume lines one Green for value UP and the other Red for value DOWN.
The idea here is when the AMA Lines are on a BUY trade the Green value line on the volume index needs to be above the 1100 scale for the trade to be allowed, if not no trade is allowed.
When the AMA lines are on a SELL trade the Red value line on the volume index needs to be above the 1100 scale for the trade to be allowed if not no trade is allowed.
I can manually amend the parameters and settings on all the above.
Take profit line.
The take profit line is automatically set at 600 points ahead of trade as default.
The idea is as price moves towards this visible stationary line and eventually touches it, trade is closed, and profit is secured.
Both Take profit and Trailing stop loss lines are placed on the chart at opening of a trade and are removed when the trade is closed.
I would like the ability to change the distance by the number of points.
Trailing Stop loss line.
The Trailing stop loss line is automatically set at 300 points behind trade as default.
I also require a visual aid line on the chart.
If price should head towards the trailing stop line, the line remains fixed until price touches the line, and the trade is closed.
However, if price moves away from the line the line follows price point by point.
I would like the ability to change the distance by the number of points.
