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Rules
Job finished
Specification
Hi, i am looking for someone who is very friendly to create an EA that checks if a price hasn't moved by X Points or pips or %, from Zero Line over (t) minimum time and place an order in the right direction.
Zero level is set at, 22:00 GMT when FX prices resets to Zero. (this variable should be adjustable, eg changing 22:00 to 1:00)
Order should be placed only if price is above +Y or below -Y .
Y should be in points , pips or % change..
So if price is above +Y , its a sell order and if it is below -Y its a buy order ...... However all other conditions highlighted above and below have to be met.
Orders should be placed only between Start Time and End Time.
Start Time - hh:mm
End Time - hh:mm
Example Start time can be 23:10 and End Time can 03:30
Order should be placed if Spread is lower than S, and this should be adjustable.
S should be in pips , points or percentage change
The trend reversal has to be confirmed by RSI and, or Heiken Ashi smoothed indicators. ( So there should be an option to use any of these indicators or none of them for direction confirmation or trend reversal confirmation)
I should have an option to use none, or just one of these indicators, or both of them.. For example I can just use RSI for confirmation or no indicator at all.
I should be able to change inputs of these indicators, for example change rsi from 9, 70 , 30 to anything like 14, 65, 35 or 9 , 60, 40 etc.
MT5 built in HA Smoothed can be used , or you can use https://www.mql5.com/en/market/product/46621?source=Site+Market+MT5+Indicator+Search+Rating004%3aheiken+ashi+smoothed
I would like to be able to adjust all variables, eg X, Y, t, S, RSI and Heiken Ashi smoothed inputs. This includes variables below as well, ie Bank Close Time.
( For X, there should be an option to use pips, point or percentage change)
NB: if minimum time (t) is set at for example 25 minutes, the price should not fluctuate / move by more than X for the entire 25 minutes for a condition to be considered met.
From my experiance , if the position is opened at the right price, it should never go in the wrong direction by more than (X + 1) pips . This is my expectation and will be considered met if positions are opening at the right price/level.
Buy or Sell only if Position
1)
i). Do not open positions if Price at 10pm gmt ( zero line ) is higher than price is 5pm gmt ( bank close time) This is for an upward trend , if the trend is down, same logic applies, ie for downward trend do not open if price at 10pm is lower than price at 5pm.
ii). Open a BUY position at START Time only if price at 6pm (T1) , is lower that price at 8pm (T2),, and if price at 8 (T2) is lower than price at 9 (T3) and if price 9 (T3) is lower than price at 9.45 (T4) and if price at 9:45 (T4) is lower than price at 9:55 (T5)
This is a strategy to ride of Trend. It opens orders at START time, ignoring Y and X.
As long as price at 8pm is higher than at 5, and price at 9 is higher than at 8, and price at 9.45 is higher than at 9, and price at 9:55 is higher than at 9:45 BUY at START time, don’t wait for Y and X.. this will be a strong up trend
Same logic applies for opening a SELL position.
Please make T1 - T5 times adjustable.
2). Do not trade if there is Economic Calender News of High Importance before 10am next day. For example if on Wednesday at 10am there is high importance news for Euro, then don;t trade the euro pairs on Tuesday night.
Provide an option to adjust the 10am time, so I can set it at 11am or 1pm as necessary.
You can use forexfactory or dailyfx calender
(provide an option to use calender news or not to use it )
3). Do not trade Sunday night and Monday Morning ( put an option to select or deselect days to trade Mon to Sun )
4)
i) Only open a Buy position if there is a dragonfly doji on normal candles.
ii) Open Sell position only if there is Gravestone Doji.
So all the above conditions and have to be met, and finally there must be a dragonfly to open a BUY or Gravestone to open a SELL..
There should be an option to use this or not to use it. Use DragonFly , True or False.. Use Gravestone , True or False.
TP, SL and TSL
EA needs to have a manual stop loss, take profit and trailing stop loss.
The stop loss, take profit and trailing should be available in both PIPS and Percentage change.
i). Option to take profit when price crosses the Zero line.
ii) Another option to Take Profit , when there is another formation similar to this Strategy, that is when price variation is less than X and when there is a dragonfly or gravestone showing trend reversal.
