TRENDBREAKER
BUY RULES
1, the market needs to go above 100 moving average
2, ea needs to find two swings that are clearly above the moving average,
the most recent swing and the highest in the past.
3, ea will use this two swing to draw trendline and when market goes back up
to break this trendline, ea will place a buy and use the previous swing as stoploss.
4, ea will have option to use full stoploss or divide the stoploss by 4 and use 3 as stoploss./
SELL RULES
1, the market needs to go below 100 moving average
2, ea needs to find two swings that are clearly below the moving average,
the most recent swing and the lowest in the past.
3, ea will use this two swing to draw trendline and when market goes back up
to break this trendline, ea will place a sell and use the previous swing as stoploss.
4, ea will have option to use full stoploss or divide the stoploss by 4 and use 3 as stoploss.
RULES
1, for buy or sell the trendline must not be too slanted.
2, there must be three swings to validate all entries.
3, the swing must form a v formation when breaking the trendline.
4, the ea must have option for me to set zigzag and option for me
to set amount of candles backward that ea will use to find swings.
5, when picking a swing, ea must use the lowest or highest candle for
marking that swing.
RISK MANAGEMENT./
. ea should have where i can type the default money ea will risk
for every trade when the previous trade is a win.
. when a trade is taken ea will take 1:1 as take profit.
. when a loss is encored, ea will double the previous loss and use
it as the risk for the new trade, ea will keep doubling the previous
loss until a win comes then ea will go back to risking the default
risk.
ea should have option for me to set ea to either give alert or take trades,
ea should always give alert when a trade is taken or just signal alert./