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Rules
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Specification
This is an indicator that plots arrows for buy and sell positions giving the trader the option to one click trade using managed risk paramaters set in the panel.
Dashboard will display the number of winning and losing signals called in terms of a percentage like this example:
Indicators in use
Bollinger Bands
Parabolic
Hiken-Ashi
Long Signal
Price Touch lower BB
Parabolic SAR Bullish Signal within 6 bars of price touching BB
Long signal generated at close of current bar
Stop loss placed according to stop parameter
Short Signal
Price touch upper BB
Parabolic Bearish signal within 6 bars of price touching BB
Short Signal generated at close of current bar
Stop loss placed according to stop parameter
EA Settings:
Signal Frequency: High, Medium, Low
High = Parabolic Settings – Step 1
Medium = Step 0.1
Low = Step 0.01
Volume: Conservative, Moderate, Aggressive
Conservative = BB is 3 SD
Moderate = BB is 2 SD
Aggressive = BB is 1 SD
Stop Loss – (options) Conservative, Moderate, Aggressive
Conservative = stop loss placed at the high/low of the last 20 HN bars
Moderate = stop loss placed at the high/low of the last 10 HN bars
Aggressive = stop loss placed at the high/low of the last 2 HN bars
Profit Target – Scalp, Day, Swing, Position
Scalp = 0.5 of the SL
Day = 1x SL
Swing = 2x SL
Position = 4x SL
Maximum History Bars = 3000 (variable)
This is the bars the indicator is looking for signals
Alerts
Email - on off
Popup on off
Dashboard
Last signal (buy sell)
SL – Price
TP – Price
Total Signals (number of history bars loaded)
SL Hit (number) Percentage)
TP Hit (number) Percentage)
Exit Loss (if new signal is generated and trade is in a losing position)
Exit Win (If new signal is generated and trade is in a winning position)
Buy/Sell – One click trade
Risk % - Calculate risk of trade according to stop loss placement