Specification
TOOLS
1. FIBONACCI (50% , 61.8% , 76.4% REJECTION)
2. ZIG ZAG (5,4,3)
3. CCI (6)
4. BARRYDOTS
5. HORIZONTAL LINES (1H, 4H, DAILY, WEEKLY, MONTHLY SWINGS)
6. EMA (150)
Tools 1,2,3 and 6 are in MT4 while I will send you custom tool 4 and 5.
TIME FRAME:- 15 MINUTES
BUY RULES
1. Market must be in an Uptrend hence the price action must be above the EMA.
2. The Pull back spotted must reject on a fib level of 50% , 61.8% or 74.6% .
3. The candle rejecting must also be stopped by either Barrydots or Horizontal line or both. These are for support or resistance.
4. CCI must be at oversold.
5. Enter a Buy entry after the rejection candle has closed.
6. Set a stop loss of 4 - 5 pips (variable setting) below the low of the rejecting candle .
7. Set take profit as desired .
8. Set the amount a lot/volume would be worth for the trade or percentage of capital to risk.
SELL RULES
1. Market must be in a Downtrend hence the price action must be below the EMA.
2. The Pull back spotted must reject on a fib level of 50% , 61.8% or 74.6% .
3. The candle rejecting must also be stopped by either Barrydots or Horizontal line or both. These are for support or resistance.
4. CCI must be at overbought.
5. Enter a Sell entry after the rejection candle has closed.
6. Set a stop loss of 4- 5 pips (variable setting) above the high of the rejecting candle .
7. Set take profit as desired .
8. Set the amount a lot/volume would be worth for the trade or percentage of capital to risk.
THE E.A MUST OBSERVE ALL THESE RULES AND TAKE TRADES BASED ON SETTINGS MADE BY USERS. MORE DETAILS WHEN YOU TAKE THE JOB.